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Banker suicides self AKA Banker Death Watch

Discussion in 'Coffee Shack (Daily News/Economy)' started by Goldhedge, Jul 9, 2012.



  1. GoldSilver

    GoldSilver Seeker Seeker

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    Re: Banker Death Watch.....

    Another one kicked the bucket. They gotta get rid of any loose ends. I bet at least one more will die within the next 7 days. The government is not the only one paying attention, they have their own goons doing some spring cleaning. Gotta look spotless for the inspectors.
     
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  2. jango

    jango New Member

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    Re: Banker Death Watch.....

    These people died knowing that they had done grave wrongs!
     
  3. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Re: Banker Death Watch.....


    Here's a short update:

    "Nail Gun Suicide" Banker's Firm Probed Over Missing Millions



    [​IMG]
    Submitted by Tyler Durden on 03/29/2014 14:54 -0400



    Just a few short weeks ago we reported on the unusual suicide, due to self-inflicted nail-gun wounds, of Richard Talley, CEO of Denver-based American Title Services. The death of the 57-year-old banker was accompanied by the fact that his firm was under investigation by the insurance regulators, and now, as The Denver Post reports, state prosecutors launched a criminal investigation and a grand jury over more than $2 million missing from escrow accounts. As part of that inquiry, investigators have seized about 100 boxes of documents and about 60 computers as records suggest the seemingly successful title business had serious financial problems. Talley's wife, Cheryl, who owns the other 60% of the firm has not commented.


    Via The Denver Post,


    The firm...




    Talley, 56, owned 40 percent of the company he founded with his wife, Cheryl, who owns the other 60 percent, according to bankruptcy records.

    Cheryl Talley did not respond to efforts by The Denver Post to reach her.


    The suicide...




    The Arapahoe County coroner's office said Talley shot himself in the chest seven times with 2½ -inch finish nails from a nail gun before firing a fatal nail into his head. Police found him dressed for work, sitting in his car in the garage and with the motor running.

    Records show Title Resources was to confront Talley about the missing escrow funds the morning he died.


    The probe...




    State prosecutors launched a criminal investigation and a grand jury into bankrupt American Title Services just days after its CEO killed himself with a nail gun, according to federal court records.

    Meanwhile, the title insurance company for which American Title was writing policies said more than $2 million is missing from escrow accounts the Greenwood Village company maintained on real estate closings.


    The background...




    In its lawsuit, Title Resources said it first uncovered discrepancies in ledgers kept by American Title and America's Home Title, a related company, in late January. The ledgers "appeared to be altered to create the facade of balanced trust accounts."

    Title companies handle large amounts of money in closing real estate transactions, keeping funds in trust or escrow and then paying them to the appropriate party.

    Dallas-based Title Resources said in its lawsuit that American Title's controller, Bill Krieg, has admitted that money was misappropriated from the escrow accounts, but the extent of the alleged embezzlement is unclear.

    Title Resources said it was forced to pay about $2 million in missing escrow funds — money set aside in real estate transactions to cover costs such as utilities, taxes and property liens such as mortgages — and that affected consumers will not be impacted.

    Krieg has not responded to efforts to reach him.

    American Title's bankruptcy showed it owed about $40,000 in back rent to the owners of the Greenwood Village office tower that housed its headquarters, and about $36,000 in rent to other landlords of its branch offices.


    This does not come entirely as a shock... as we noted previously,


    A checkered past?




    Before coming to Colorado, Talley was a former regional financial officer at Drexel Burnham Lambert in Chicago, where he met his wife, Cheryl, a vice president at the company. The two married in 1989.

    Talley had formed a number of companies, some now defunct, according to the Colorado secretary of state's office. Among them: American Escrow, Clear Title, Clear Creek Financial Holdings, Swift Basin, Sumar, American Real Estate Services, and the American Alliance of Real Estate Professionals.


    It would appear, unfortunately, that Mr. Talley was not an entirely honest man...




    Talley's 1989 wedding announcement in the Chicago Tribune noted he was "a member of the 1980 U.S. Olympic swimming team."


    A spokeswoman for USA Swimming on Thursday said Talley was not on the team.


    http://www.zerohedge.com/news/2014-03-29/nail-gun-suicide-bankers-firm-probed-over-missing-millions
     
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  4. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    Re: Banker Death Watch.....

    QWAK,Right there you got imperical prof that slick bankers are hard to NAIL DOWN :yes: -- it took 8 nails to stop that one!:hahaha:

    Perhaps they should have been SILVER nails --- or may be a wooden stake hammered in to his heart :bash01:would have worked better?:questionmark::dontknow:

    the DUCK :15_1_70v:
     
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  5. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Re: Banker Death Watch.....

    [h=1]Suicide Banker's Widow Blasts Alleged "Cover-Up", Asks "Unbecoming Questions"[/h]

    [​IMG]
    Submitted by Tyler Durden on 04/03/2014 10:58 -0400



    [​IMG][​IMG]
    Having changed her Facebook profile picture to a "V...for Vendetta" face mask, the widow of former Zurich Insurance CFO Pierre Wauthier said she and her family cannot accept Zurich’s claim that his death wasn’t brought on by undue stress. As Bloomberg reports, Switzerland’s biggest insurer said in November that no “undue pressure” was put on Wauthier, who said in a suicide note that then-Chairman Josef Ackermann had created an unbearable working environment. But, his wife is demanding to know why her husband's former boss resigned if he had not accepted blame for the death, and why details of tensions at work were not made public. Her anger is clear, as she blasted "I am not worth talking to... or is it that I would raise unbecoming questions????"

    As Bloomberg reports, more than seven months after the suicide of Zurich Insurance Group AG (ZURN) Chief Financial Officer Pierre Wauthier, his widow said she and her family cannot accept Zurich’s claim that his death wasn’t brought on by undue stress.




    We who knew him best cannot accept your conclusion that his suicide is simply inexplicable,” said Fabienne Wauthier, speaking at the insurer’s annual general meeting in Zurich today, which she attended together with her daughter, mother-in-law and brother-in-law.

    Switzerland’s biggest insurer said in November that no “undue pressure” was put on Wauthier, who said in a suicide note that then-Chairman Josef Ackermann had created an unbearable working environment. The Aug. 26 suicide, which prompted Ackermann to resign, raised doubts about Zurich Insurance’s financial health, prompting it to review its earnings statements and commission an investigation into the relations between executives and the supervisory board.


    The dead banker's widow is not buying Zurich's 'cover-up'...




    Zurich Insurance should explain exactly why Ackermann stepped down, if he had not accepted blame for the death, and why details of tensions at work were not made public, Wauthier told shareholders.

    She changed her Facebook profile picture to a face mask labeled “V...like Vendetta” on Dec. 16, the day after SonntagsZeitung published an interview with new Chairman Tom de Swaan in which he said he never had contact with her. She re-posted the article on Facebook the same day with the comment “Yep, that’s true. I am not worth talking to... or is it that I would raise unbecoming questions????”

    ...

    “We sincerely wish we could believe” that Zurich has improved, “but the way it handled Pierre’s suicide is a sign that unaccountability remains part of Zurich’s corporate culture,” she said today.

    Before his death, Wauthier had met with the human resources department after his team reported that he was suffering from excessive stress, she told Reuters yesterday.


    And, as Bloomberg continues, Wauthier had even called out Ackermann specifically in his suicide note...




    In a typed and signed suicide note, under the heading “to whom it may concern,” Wauthier had criticized Ackermann. He stepped down a few days later, saying the allegations that he bore some responsibility for the suicide were “unfounded.”

    “I find it important and am thankful that we and the responsible authorities examined the circumstances very conscientiously and thoroughly,” de Swaan told shareholders. “We did not have any indication that Pierre was contemplating such a step. It remains a tragedy and we lost a very valued colleague.”


    Zurich Insurance has launched an internal probe...




    An internal investigation by Zurich Insurance involved evaluating “numerous documents and correspondence,” while questioning individuals who worked with the former CFO.

    A separate review held by the company into its financial statements showed that they were “appropriate.” The reviews were conducted under the direction of Swiss financial markets regulator Finma.


    Meanwhile, the insurer is planning $250 million annual cost cuts, and slashing as many as 800 jobs as it removes various mamagement layers... not 'stressful' at all...



    http://www.zerohedge.com/news/2014-...lasts-alleged-cover-asks-unbecoming-questions
     
  6. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Re: Banker Death Watch.....

    ABN Amro Ex-CEO Found Dead



    [​IMG]
    Submitted by Tyler Durden on 04/05/2014 18:17 -0400



    A mere two weeks since former JPMorgan banker, Kenneth Bellando jumped to his death, Bloomberg reports that the former CEO of Dutch Bank ABN Amro (and his wife and daughter) were found dead at their home after a possible "family tragedy." This expands the dismal list of senior financial services executive deaths to 12 in the last few months. The 57-year-old Jan Peter Schmittmann, was reportedly discovered by his other daughter when she arrived home that morning. Police declined to comment on the cirumstances of his (and his wife and daughter's) death. This is not the first C-level ABN Amro banker to be found dead. In 2009, former CFO Huibert Boumeester was discovered with (assumed self-inflicted) shotgun wounds.

    As Bloomberg reports,




    Former ABN Amro Group NV Netherlands Chief Executive Officer Jan Peter Schmittmann, his wife and a daughter were found dead at their home today after a possible “family tragedy,” Dutch police said.

    The bodies of a father and mother and their daughter were found at the property” in the town of Laren, 32 kilometers (20 miles) southeast of Amsterdam, Dutch police said in a statement on their website today. Leonie Bosselaar, a police spokeswoman, said in a telephone call with Bloomberg News that the deceased were Schmittmann and two family members.

    The police received a call around 10:30 a.m. local time from a family acquaintance who said something may be wrong at the property, according to the statement. Bosselaar declined to comment further on what may have happened.

    The Dutch newspaper AD reported, without citing anyone, that the family was discovered by Schmittmann’s second daughter when she arrived home this morning. She was scheduled to travel to India with her parents, where she had an internship lined up, the newspaper said.

    Schmittmann, 57, joined ABN Amro in 1983 as assistant relationship manager and was named head of the lender’s Dutch unit in 2003. He stepped down from the Amsterdam-based bank in December 2008, after the company was nationalized earlier that year.



    Sadly, given recent trends, the default assumption is that it is suicide until proven otherwise which is just as disturbing from a sociological perspective. (on the bright side, at least as far as we know, we was not involved in HFT) but further to that, this is not the first ABN Amro seniot executve to be found dead. In 2009, Schmittmann's former CFO was found dead from shot gun wounds:





    The former chief financial officer of Dutch bank ABN Amro has been found dead with shotgun wounds near his home in Surrey, the BBC has reported.

    Huibert Gerard Boumeester was found dead yesterday, Sunday, with shotgun wounds, one week after being reported missing and “vulnerable”. Reports claim he was found with two shotguns which he had brought from his home, though Thames Valley Police say his death is currently being treated as "unexplained".

    Boumeester, 49, left his role as CFO encompassing responsibility for group-wide finance, risk management, investor relations, communications and strategic decision support in March 2008 citing "personal reasons" six months after ABN Amro was bought by Fortis, Royal Bank of Scotland and Santander. The Dutch government now owns Fortis Bank and has taken direct ownership of its stake in ABN Amro. The British government owns most of RBS.

    There are suggestions that Boumeester took his own life...





    Schmittmann owned 2phase2 (apparently an asset management company) and was a co-founder of 5 Park Lane (what appears to be a private equity / management consultancy) according to his LinkedIn profile:

    [​IMG]


    This brings the sad list of senior financial services exectives who have died in the last few months to 12:


    1 - William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.

    2 - Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.

    3 - Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.

    4 - Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.

    5 - Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.

    6 - Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.

    7 - Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.

    8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.

    9 - James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say whatcaused the death

    10 - Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, commited suicide by jumping in front of LIRR train

    11 - Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment.

    12 - Jan Peter Schmittmann, 57, the former CEO of Dutch bank ABN Amro found dead at home near Amsterdam with wife and daughter.


    http://www.zerohedge.com/news/2014-04-05/abn-amro-ex-ceo-found-dead
     
  7. GoldSilver

    GoldSilver Seeker Seeker

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    Re: Banker Death Watch.....

    It's time to take out the whole family. No witnesses, no leaks.

    What a great time to become a banker, lots of new open positions. :bear_laugh:
     
  8. Brio

    Brio Midas Member Midas Member

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  9. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    Re: Banker Death Watch.....

    The killer escaped in a SMART car. That says it all.
     
  10. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    Re: Banker Death Watch.....

    Ex-ABN Banker Schmittmann, Wife, Daughter Found Dead at Home
    By Martijn van der Starre Apr 6, 2014

    Former ABN Amro Group NV Netherlands Chief Executive Officer Jan Peter Schmittmann, his wife and a daughter were found dead at their home yesterday after a possible “family tragedy,” Dutch police said.

    “The bodies of a father and mother and their daughter were found at the property” in the town of Laren, 32 kilometers (20 miles) southeast of Amsterdam, Dutch police said in a statement on their website. Leonie Bosselaar, a police spokeswoman, said in a telephone call with Bloomberg News that the deceased were Schmittmann, 57, and two family members.

    The police received a call around 10:30 a.m. local time from a family acquaintance who said something may be wrong at the property, according to the statement. Bosselaar declined to comment further. The police said the two deceased women were 57 and 22.

    The Dutch newspaper AD reported, without citing anyone, that the family was discovered by Schmittmann’s second daughter when she arrived home yesterday morning. She was scheduled to travel with her parents to India, where she had an internship lined up, the newspaper said.

    Schmittmann joined ABN Amro in 1983 as assistant relationship manager and was named head of the lender’s Dutch unit in 2003. He stepped down from the Amsterdam-based bank in December 2008, after the company was nationalized earlier that year.
    Management Company

    ABN Amro was broken up after the 73.3 billion euro ($100.5 billion) takeover by Royal Bank of Scotland Group Plc, Fortis and Banco Santander SA in 2007. A year later, the credit crunch drove Fortis to the verge of collapse, forcing the Netherlands to take over its Dutch banking and insurance units, including assets of ABN Amro.

    ABN Amro is shocked by the news, Hans van Zon, a spokesman for the state-owned lender, said by telephone today.

    Schmittmann owned 2phase2, a management company for investments and financial transactions, according to information on LinkedIn Corp.’s professional social-networking website. He’s also co-founder of 5 Park Lane BV, and a supervisory board member at Delta Lloyd Bank.

    http://www.bloomberg.com/news/2014-...ittmann-wife-daughter-found-dead-at-home.html
     
  11. Ahillock

    Ahillock A nobody Mother Lode

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    Re: Banker Death Watch.....

    Great comment in comment section.

    “Once is happenstance, twice is coincidence, but three times is enemy action.” – Ian Flemming, Creator of James Bond
     
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  12. Ag lining

    Ag lining Gold Member Gold Chaser

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    Re: Banker Death Watch.....

    CEO Of Liechtenstein Bank Frick Shot Dead in Parking Garage
    Posted on April 7, 2014 by The Doc — 7 Comments ↓
    The unprecedented recent string of banker “suicides” (which now includes the former CEO of ABN Amro) now has the first incident which even the MSM are describing as a murder, as the CEO of Liechtenstein Bank Frick has just been shot dead in broad daylight in the bank’s parking garage.

    Click here for more on the broad daylight murder of Liechtenstein Bank’s CEO:


    Read more at http://www.maxkeiser.com/#KGMRAZuQFh6gZojy.99

    The media is initially reporting that the likely culprit is a fund manager Juergen Hermann, who reportedly had a major dispute with Bank Frick & Co and had a current 33 million franc suit open against the firm.
    As Bloomberg reports:
    A 48-year-old man was shot dead in the underground garage of a financial institution in Balzers at 7:30 a.m. local time, the principality’s police said on its website. The suspect, Juergen Hermann, fled the scene in a Smart car with Liechtenstein number plates, according to police. Neither the victim nor the institution were identified in the statement.

    The deceased was Juergen Frick, CEO of Bank Frick & Co. AG, Switzerland’s Radio 1 said in an e-mailed statement, citing employees of the bank. Calls to Bank Frick were answered by a voice-mail message saying the company is closed because of “a death.” It gave no further details.

    Hermann is a fund manager who has been embroiled in a dispute with the Liechtenstein government and Bank Frick for many years, Switzerland’s Radio 1 said.

    The Liechtenstein government and the country’s Financial Market Authority “illegally destroyed my investment company Hermann Finance and its funds, depriving me of my livelihood,” according to a website registered under the name Juergen Hermann of Hermann Finance AG.

    He has filed lawsuits seeking recovery of 200 million Swiss francs ($225 million) from the government and 33 million francs from Bank Frick, according to the website. The lender “illegally enriched itself,” among other alleged crimes, it said.

    A representative of Hermann’s lawyer declined to comment when reached by telephone. A call to Hermann Finance’s office was answered by an employee of a law firm who said his company isn’t related to Hermann Finance.
     
  13. MlCHAEL

    MlCHAEL Banned

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    Re: Banker Death Watch.....

    Liechtenstein and Luxembourg are the only states of the Holy Roman Empire (2nd Reich) that still exist



    "Liechtenstein has the highest gross domestic product per person in the world when adjusted by purchasing power parity.[SUP][9][/SUP] Liechtenstein also has one of the lowest unemployment rates in the world at 1.5%.Liechtenstein is the smallest yet the richest (by measure of GDP per capita) German-speaking country and the only country to lie entirely within the Alps. It is known as a principality as it is a constitutional monarchy headed by a prince. Liechtenstein is divided into 11 municipalities. Much of its terrain is mountainous, making it a winter sports destination. Many cultivated fields and small farms characterize its landscape both in the south (Oberland, upper land) and in the north (Unterland, lower land). The country has a strong financial sector located in the capital, Vaduz, and has been identified as a tax haven. It is a member of the European Free Trade Association and part of the European Economic Area and the Schengen Area, but not of the European Union."

    Charles VI created the new principality of Liechtenstein from the domains of Seigneury of Schellenberg and County of Vaduz, which were both held by the Liechtenstein family. This was done so that Anton Florian could be admitted to the Reichstag, which required that all members had land that was subordinate only to the Emperor himself (as opposed to land held in fief by higher nobles). Thus, Anton Florian became the first Prince of Liechtenstein.
    He was the 591st Knight of the Order of the Golden Fleece in Austria. He died in Vienna in 1721.

    Sheep shearing
     
    Last edited by a moderator: Dec 26, 2015
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  14. MlCHAEL

    MlCHAEL Banned

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    Re: Banker Death Watch.....

    the entire global credit system could be pyramided off a ring of power...

    The one problem that rules them all is fixed by the one solution that solves them all.
     
  15. Winston_Room101

    Winston_Room101 Seeker

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    Re: Banker Death Watch.....

    what is the current count ?

    maybe add one for " Benoît Philippens "

    to be confirmed
     
  16. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Re: Banker Death Watch.....

    [h=1]BNP Banker, His Wife And Nephew Murdered In Belgium[/h]

    [​IMG]
    Submitted by Tyler Durden on 04/20/2014 08:35 -0400


    [​IMG][​IMG][​IMG]
    In the beginning it was banker suicides. Then about two weeks ago, suicides were replaced by outright murders after the execution-style killing of the CEO of a bank in otherwise sleepy (and tax evasive) Lichtenstein by a disgruntled client. Then on Friday news hit of another execution-type murder in just as sleepy, if not so tax evasive, Belgium, where in the city of Vise, a 37-year-old Director at BNP Paribas Fortis was murdered alongside his wife and a 9 year old nephew in a premeditated and orchestrated drive-by shooting.
    L'venir reports:




    According to Marcel Neven, Mayor of Vise, nothing can yet explain what caused the violent shooting that rocked the neighborhood sports hall of his town this Friday, April 18, late at night. A man of 37 years, Benedict Philippens, bank manager Ans-Saint-Nicolas, was shot. A little 9 year old boy, living in Dolhain, was also killed. A lady, the wife of the man and the boy aunt and godmother, Carol Haid, 37 also died of his injuries on Saturday, in the morning. She was hit by three bullets in the back, said a judicial source.



    According to information from the survey and some witnesses, a car waiting outside their house Berneau street near the sports hall Visé. When the victims' car is back in the driveway, shots were fired from the car that waited patiently. The author of the shots is actively sought.



    [​IMG]
    [​IMG]
    [​IMG]



    So far neither the shooter nor any motive for the execution have not been found: "Some suggest the presence of a single gunman with an automatic pistol, others are surprised that a bullet hole was noted in one of the windows of the sports hall. "That would mean that the author was already in the driveway of the house and waited for the victims side of the house," says a source close to the case."


    Like in the Lichtenstein murder, there is a possibility the murder was the result of a previous argument with a customer:




    This Sunday, the investigation is ongoing but it seems that the track of reckoning is preferred. In 7Dimanche newspaper, a friend of Benedict recalls that he had a big argument with a customer six months ago. He had even threatened the director publicly. He then had to put on the door. "There are six months, he told me he had a big argument with a foreign client."


    Needless to say the locals of the quiet town are stunned by the news:




    According to the neighbors, "the couple lived for 5 or 6 years" in his little house. They had been married a little over a year. The neighborhood shocked again that it is a normal family. "Usually, shootings in the region, it is often stories of drug with the Dutch, because it is not far from the border."

    The mayor did not say more about the possible causes of this unfortunate news item. He noted, however, that the occupation of the victim, banker, "perhaps could" be related to drama. Marcel Neven adds that this is the first time in his back as mayor he faced such violence in a crime. "The police arrived on the scene Friday night was very impressed to see the body there in the driveway."


    So just like in the Lichtenstein murder, was it truly some atrocious act by bankers that caused their clients to take justice into their own hands, or is it becoming the norm that when dealing with members of the banker class, the population - disenchanted with a legal system that is largely in the pocket of the financial system - is increasingly resorting to not only vigilante justice, but the taking of banker lives with no regard for innocent bystanders?

    If indeed so, this could mark a dramatic, and lethal, escalation in the way bankers are treated by the broader public, not only in places where banker revulsion is palpable but in quiet, sleepy backwaters like a small Belgium town.



    http://www.zerohedge.com/news/2014-04-20/bnp-banker-his-wife-and-nephew-murdered-belgium
     
  17. GoldSilver

    GoldSilver Seeker Seeker

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    Re: Banker Death Watch.....

    I have a feeling this has to do with the Rothschild. All these dead bankers. It's not like some random clients who have lost their money because of these bankers (although I'm sure many have thought about it), but for it to happen one right after another, there must be something bigger. Maybe the Rothschild don't like competitions? Maybe these bankers are failing to keep the dollar as the world reserve currency so they are to be made examples of?

    I wonder what desperate measure will they take to keep the dollars alive for a little longer? The petrodollar is losing it.
     
    Last edited: Apr 20, 2014
  18. dacrunch

    dacrunch Gold Chaser Platinum Bling

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  19. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Re: Banker Death Watch.....

    [h=1]Banker Death 'Epidemic' Spreads To China[/h]

    [​IMG]
    Submitted by Tyler Durden on 04/23/2014 17:52 -0400


    Until now, the terrible trail of dead bankers has been only among US and European financial executives. However, as Caixin reports, the increasing pressures on the Chinese banking system appear to have take their first toll. Li Jianhua, director of China's Banking Regulatory Commission (CBRC), died this morning due to a "sudden heart attack" - he was less than 49 years old. Li was among the main drafters on new "caveat emptor" market-based rules on China's shadowy banking system and recently said in an interview that "now is not only a time to control risk, but to transform the trust industry.. if it's too loose, it's a big problem." Li was found by his wife.

    [​IMG]

    Via Caixin,
    Li Jianhua, director of the CBRC AfDB died due to heart attack, still less than 49 years old. As planned, Li Jianhua this morning to attend a major industry conference.


    According to several sources close to the CBRC said, Li Jianhua was revising to 12 o'clock at night.

    Unexpectedly around 6:00 this morning, his wife found him passed away, due to sudden heart attack.

    Both inside and outside China Banking Regulatory Commission expressed sorrow and regret.


    Li was well-known as the author of major China Trust regulations...


    Li Jianhua was born in July 1965, Hunan Yongxing, graduated from Wudaokou Finance Institute.

    Li Jianhua was the main drafter of "one law two rules" or "People's Republic of China Trust Law," "Trust management approach" "Trust Capital Trust scheme management approach,"


    It seems clear that Li was somewhat anti-bailout, preferring market forces to fix the trust industry...


    Li Jianhua has made it clear for the new financial reporters that this understanding is wrong. No. 99 Wen emphasized that "sellers responsible" does not mean that the buyer can zero-risk, high-yield.

    Now China has not yet Trustee Ordinance, if the trustee's duty to strengthen and plug loopholes flaws, accordingly, "caveat emptor" is also strengthened. This is the market rules.
    ...
    For the trust industry has experienced many ups and downs rectification, Li Jianhua was believed that this industry is still promising, but trust industry needs to find new profit model, there is also the process of transformation...

    "if too loose, I'm afraid to be a big problem."


    This brings the sad list of senior financial services exectives who have died in the last few months to 13:

    1 - William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.

    2 - Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.

    3 - Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.

    4 - Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.

    5 - Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.

    6 - Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.

    7 - Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.

    8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.

    9 - James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say whatcaused the death

    10 - Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, commited suicide by jumping in front of LIRR train

    11 - Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment.

    12 - Jan Peter Schmittmann, 57, the former CEO of Dutch bank ABN Amro found dead at home near Amsterdam with wife and daughter.

    13 - Li Jianhua, 49, the director of China's Banking Regulatory Commission died of a sudden heart attack


    http://www.zerohedge.com/news/2014-04-23/banker-death-epidemic-spreads-china
     
  20. GoldSilver

    GoldSilver Seeker Seeker

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    Re: Banker Death Watch.....

    Those bankers are dropping like flies!

    Good news for the unemployed! New banker positions are now available worldwide.



     
    Last edited by a moderator: Dec 26, 2015
  21. Ahillock

    Ahillock A nobody Mother Lode

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  22. GoldSilver

    GoldSilver Seeker Seeker

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    Re: Banker Death Watch.....

    jumpyoufuckers.jpg
     
  23. GoldSilver

    GoldSilver Seeker Seeker

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  24. GoldSilver

    GoldSilver Seeker Seeker

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    EO 11110 and BarnacleBob like this.
  25. Aurumag

    Aurumag Dimly lit. Highly reflective Midas Member Site Supporter

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    Re: Banker Death Watch.....

    The trade secret is not the suicides, but the life insurance beneficiaries.

    Qui bono?

     
  26. Tbonz

    Tbonz Gold Member Gold Chaser

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    Re: Banker Death Watch.....

    With the missing reporter and the number of bankers, I'm guessing they uncovered something massive.

    What it is I'm not sure, but if someone had the time to spend looking I'm going to guess there was shares information of fraud on such a level that it would make the US.gov look small.
     
  27. SQUEXX

    SQUEXX Banned

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    Re: Banker Death Watch.....

    Jump you bastards!
     
  28. honu5050

    honu5050 Mother Lode Found Mother Lode

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    Re: Banker Death Watch.....

    the bankers all jumped etc due to RAP music if in ya can call it music.
     
    Last edited by a moderator: Dec 26, 2015
  29. Spectrism

    Spectrism Seeker Seeker

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    GOLDBRIX and michael59 like this.
  30. GoldSilver

    GoldSilver Seeker Seeker

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    Re: Banker Death Watch.....

    Sounds profitable. Lets make a killing!

    Bad time to be in the insurance industry (AIG).
     
  31. michael59

    michael59 heads up-butts down Platinum Bling

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    Re: Banker Death Watch.....

    current count is 30 and climbing, might be 31 IDK as there could be a banana peel slip today as I type this.
     
  32. honu5050

    honu5050 Mother Lode Found Mother Lode

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    Re: Banker Death Watch.....

    workin in a coal mine goin down down down.......fallin faster then the dollar.
     
  33. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Re: Banker Death Watch.....

    Not a banker but interesting none-the-less:

    [h=1]Chairman Of China's Largest Copper Producer Commits Suicide By Jumping From Hotel[/h]

    [​IMG]
    Submitted by Tyler Durden on 06/25/2014 12:40 -0400



    While news of high-ranking financial executive suicides in the west have become week to week news, the troubling trend has spread to Asia. A string of Chinese officials have killed themselves in recent months, with speculation linking many to a crackdown on graft. However, as SCMP reports, this weekend saw the head of China's largest copper producer 'fell to this death' from a hotel owned by his company with a state-run newspaper claiming the 52-year-old committed suicide (due to work pressures) following corruption allegations. The timing of Wei Jianghong, chairman of state-owned Tongling Nonferrous Metals Group, suicide appears catalyzed by the growing anxiety over the widespread implications of China's rehypothecation commodity-finance scandal. That leaves one question - what did he know that markets remain ignorant of for now?

    Profile: Mr. Jianghong Wei serves as Chairman and Chief Executive Officer of Tongling Nonferrous Metals Group Co., Ltd


    [​IMG]



    Me Wei serves as the Chairman of the Board of Tongling Nonferrous Metals Group Holdings Co., Ltd. He served as a General Manager of Tongling Nonferrous Metals Group Holdings Co., Ltd. Mr. Wei worked for Tongling Nonferrous Metals (Group) Corporation as Deputy Manager, Director of the Economics and Trade Department, and Party Secretary from May 1998 to January 2003; Deputy Secretary of the Party Committee, and Deputy Manager from January 2003 to April 2003; General Manager and Deputy Secretary of the Party Committee from April 2003 to April 2007; and Chairman of the Board, General Manager. He has been Deputy Secretary of the Party Committee of Tongling Nonferrous since April 2007. He serves as the Chairman of Tongling Jinvi Copper Corp. Mr. Wei has a Master of Business degree and is a senior engineer (mining).


    As The South China Morning Post reports,


    The head of a US$2 billion Chinese copper producer fell to his death from a building, the firm announced on Wednesday, with a state-run newspaper claiming he committed suicide following corruption allegations.

    The chairman of state-owned Tongling Nonferrous Metals Group, Wei Jianghong, died on Tuesday after falling off a building, the company said in a statement.

    A string of officials have killed themselves in recent months, with speculation linking some to a crackdown on graft launched by President Xi Jinping after he took office last year.

    State-run media said Wei jumped from a hotel owned by the company in Tongling, the city in the eastern province of Anhui where it has its headquarters.

    The China Business News quoted a source as saying the incident might involve corruption since disciplinary authorities had initiated an investigation involving Tongling.


    It seems when the graft stops and the rehypothecation miracle ends... companies get in trouble...


    Tongling’s profits have declined in recent years due to the sluggish world economy and slower domestic demand, reports said.

    Its net profit for last year slumped 38 per cent year-on-year to 573 million yuan (HK$721 million), according to an exchange filing.

    Shares of Tongling, listed on the Shenzhen stock exchange, were down more than four per cent on Wednesday afternoon after the announcement, but its market capitalisation was still 12.7 billion yuan.

    Tongling said authorities were investigating the incident and the board had appointed vice-chairman Yang Jun as acting chairman. It added company operations were normal.


    This is not the first executive related to this industry to commit suicide...


    In April the deputy chief of the government agency that fields grievances from citizens, Xu Ye’an, killed himself in his Beijing office although the details surrounding his death remain unclear.

    State media also reported that Li Wufeng, deputy director of the government information department, “fell to death”, also in April.


    Which makes us wonder - if the Qingdao probe and commodity-finance scandal is a storm-in-a-teacup as so many would like it to be, then why are the most senior executives of the biggest firm involved committing suicide?

    Who's next?


    [​IMG]


    http://www.zerohedge.com/news/2014-...copper-producer-commits-suicide-jumping-hotel
     
  34. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    Re: Banker Death Watch.....

    They don't die from the fall... it's the sudden stop that gets them every time....
     
    michael59 likes this.
  35. GoldSilver

    GoldSilver Seeker Seeker

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  36. Unca Walt

    Unca Walt Midas Member Midas Member

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    Re: Banker Death Watch.....

    When you use a shotgun in a suicide attempt... you are dead serious about it.


    Pun intended.
     
  37. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    Re: Banker Death Watch.....

    QWAK,Unca Walt,Hard to miss with a 12 gage inches from your head!:vollkommenauf:

    One hell of a mess left to clean up!:devil1::ahhhhh:

    the DUCK :15_1_70v:
     
  38. FlaGman

    FlaGman Seeker Seeker

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    Re: Banker Death Watch.....

    He shot her "multiple times" with the shotgun. She really didn't know when to shut her mouth.
     
  39. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Site Supporter Platinum Bling

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    Re: Banker Death Watch.....

    As allude to before: We DO NOT have the right ones making the "supreme sacrifice". We are only losing the ones that have a conscious or a criminal conviction hanging over their head.

    IT'S JUST NOT THE RIGHT ONES !!!
     
    bulloncoins likes this.
  40. Pragmatist

    Pragmatist Seeker Seeker

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    Re: Banker Death Watch.....

    Suicide or Gangstyle Execution...
     

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