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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJP Morgan Executive Director Dies
- Feb 13, 2014
Ryan Crane, a JPMorgan (JPM) Chase & Co. employee who in a 14-year career at the New York-based bank rose to executive director of a unit that trades blocks of stocks for clients, has died. He was 37.
He died on Feb. 3 at his Stamford, Connecticut, home, according to the website of Leo P. Gallagher & Son Funeral Home in Greenwich, Connecticut. The cause of death will be determined when a toxicology report is completed in about six weeks, said a spokeswoman for the states chief medical examiner.
Crane started at JPMorgan in equities trading after graduating from Harvard University in 1999, according to his profile on the LinkedIn Corp. website. Following promotions, he worked as an executive director, or a rank above vice president and below managing director, in the banks Americas Program Trading group. Program traders handle transactions in baskets of at least 15 stocks, often for mutual-fund clients seeking to rebalance index-linked portfolios.
http://www.bloomberg.com/news/2014-02-13/ryan-crane-jpmorgan-equities-trading-executive-dies-at-37.html/
JP Morgan employee who fell to death from bank's London office in Canary Wharf named as Gabriel Magee
http://www.independent.co.uk/news/business/news/jp-morgan-employee-killed-in-fall-from-banks-london-office-in-canary-wharf-named-as-gabriel-magee-9091649.html
This Statement is almost verified:
Crane oversaw all of the trade platforms and worked closely with Gabriel Magee of JPMs London desk (who fell 32 stories off the JPM London roof moments after texting his g/f he would be home shortly), and that the pair had access to the exact same info.
Dead Bankster #1 Mike Dueker : 50-year-old Mike Dueker, who had worked for Russell Investment for five years, was found dead close to the Tacoma Narrows Bridge in Washington State, says AP.
Dead Bankster #2 William Broeksmit: A 58-year-old former senior executive at Deutsche Bank AG, William Broeksmit, was found dead on January 26 in his home after an apparent suicide in South Kensington in central London.
Dead Bankster #3 Gabriel Magee: Another tragic incident occurred on January 28, when a 39-year-old Gabriel Magee, a JP Morgan employee, died after falling from the roof of its European headquarters in London.
Dead Bankster #4 Richard Talley: Richard Talley, 57, and the company he founded in 2001 were under investigation by state insurance regulators at the time of his death late Tuesday, an agency spokesman confirmed Thursday. It was unclear how long the investigation had been ongoing or its primary focus. A coroners spokeswoman Thursday said Talley was found in his garage by a family member who called authorities. They said Talley died from seven or eight self-inflicted wounds from a nail gun fired into his torso and head. Also unclear is whether Talleys suicide was related to the investigation by the Colorado Division of Insurance, which regulates title companies.
Missing Oil Markets Reporter David Bird: The case of David Bird, the oil markets reporter who had worked at the Wall Street Journal for 20 years and vanished without a trace on the afternoon of January 11, has this in common with the other three tragedies: his work involves a commodities market oil which is under investigation by the U.S. Senates Permanent Subcommittee on Investigations for possible manipulation. The FBI is involved in the Bird investigation.
Bird left his Long Hill, New Jersey home on that Saturday, telling his wife he was going for a walk. An intentional disappearance is incompatible with the fact that he left the house wearing a bright red jacket and without his life-sustaining medicine he was required to take daily as a result of a liver transplant. Despite a continuous search since his disappearance by hundreds of volunteers, local law enforcement and the FBI, Bird has not been located.
Renew Deal
(81,893 posts)Every time I hear a story like this that's what comes to mind.
roguevalley
(40,656 posts)Karma elementals
longship
(40,416 posts)Ichingcarpenter
(36,988 posts)of that board meeting.
longship
(40,416 posts)Aerows
(39,961 posts)Once is an accident. Twice is coincidence. Three times is an enemy action.
Renew Deal
(81,893 posts)What is the connection between all of these people? Is this about oil or something else (HSBC scandal)?
justhanginon
(3,290 posts)scandals and outright theft that I can't even begin to keep it all straight anymore. I know I am getting old but when you have to make a tree chart to trace who is involved with what nefarious schemes, maybe things are getting a little out of hand
TBF
(32,118 posts)to figure out. I can understand not wanting to go to prison (with the FBI investigating that could be a fear), but folks like these go to the more pleasant variety of prisons - they aren't thrown in Huntsville.
Too many for coincidence and I'm not sure I'm buying suicide. But that is also a lot of folks to knock off. HSBC laundering drug money seems like the most obvious place to look.
Quite bizarre.
Aerows
(39,961 posts)EIGHT times in the torso and head with a nail gun? That's pretty damn suspicious. And all of these guys jumping to their deaths. If I was in anyway related to whatever these guys are involved in, I'd stay away from anywhere that isn't on ground level LOL!
I've been reading these stories with a critical eye so as not to go down the Alex Jones route (you can imagine the scenarios that guy has come up with).
But the falling is bizarre - does suicide impact whether their families collect life insurance? Any of these guys could conceivably want to die rather than be put away in jail forever (the public embarrassment, loss of fortunes etc), but I doubt they'd want their families to be destitute.
awoke_in_2003
(34,582 posts)had a suicide exemption.
Mojorabbit
(16,020 posts)awoke_in_2003
(34,582 posts)I will have to re-read it.
2banon
(7,321 posts)Seriously. Who is going to sign off by self inflicted torture? And how would it even be possible to nail gun your head and torso that many times?
Please. Why isn't this on Business Nightly Report?
Aerows
(39,961 posts)It doesn't work for me at all, either.
ohheckyeah
(9,314 posts)Seriously, who commits suicide by nail gun? Why would you when there are much less painful ways of checking out. I call bullshit on suicide.
Aerows
(39,961 posts)if you want to commit murder and use a commonly available hand tool.
ohheckyeah
(9,314 posts)It had a scene where a guy gets nailed in the head with a nail gun.
former9thward
(32,121 posts)So to fire you not only have to squeeze the trigger but you have to engage the latch against what you are firing into. To fire multiple bullets into yourself would be impossible.
Aerows
(39,961 posts)It's either contact trip safety or sequential-trip.
I don't know whether the one used was pneumatic or not, but I know that one is basically inoperable without both hands and having a solid hold on it. By yourself, that is.
Adsos Letter
(19,459 posts)and I tend not to believe it either. But if you've ever watched framers using framing guns with 16's you'll see that they will often do it one handed.
But those guys are often younger, and in good shape.
RC
(25,592 posts)Still, I'd try really hard to stay on the ground LOL.
AtheistCrusader
(33,982 posts)I found this highly suspicious.
http://newsfeed.time.com/2012/12/28/dead-british-spy-probably-locked-himself-into-duffel-bag/
Aerows
(39,961 posts)What the hell? The guy locked himself inside the duffel bag. Excuse me if that one sounds about as real as a three-dollar bill.
AtheistCrusader
(33,982 posts)Someone downthread linked the CIA and JP Morgue.
So who knows... Maybe our adventurous duffel bag aficionado might have been into something too...
Have you ever seen the movie 'clue'? Remember when Ms. White was talking about her dead husband the illusionist that never re-appeared?
"Well, he wasn't a very good illusionist"
Aerows
(39,961 posts)My first husband died of poison mushrooms.
My second husband died of poison mushrooms.
My third husband died of a blow to the back of the head.
He didn't like mushrooms.
LiberalArkie
(15,732 posts)Back in the olden days of of the 60's and 70's I used to get untaxed pay checks from them for work being done as a sub contractor to the DOD.
So maybe their is a tie-in to the spooks.
They merged.
Aerows
(39,961 posts)"accidental death" connected to London. Hmmm.
http://newsfeed.time.com/2012/12/28/dead-british-spy-probably-locked-himself-into-duffel-bag/
jwirr
(39,215 posts)need now is a real panic.
AtheistCrusader
(33,982 posts)Without knowing the 'norm' it's hard to say if this is unusual, or just sudden media interest based on some individual's status that attracted their attention back.
Like 'the summer of the shark' or something.
Chan790
(20,176 posts)I'm not being smart-alecky when I say that. One of my former roommates worked on Wall St. for Liberty International Underwriters, a division of Liberty Mutual, and what I understood from her was that everything is interrelated.
There isn't a commodities scandal and a mortgage scandal and a banking scandal and a markets scandal...there's one all-encompassing crisis because it's all tied together in one giant Gordian knot; one that even the people working in finance are no longer able to see or understand in entirety in its complexity. Everything is everything. Pull the wrong block and economic Jenga.
Ichingcarpenter
(36,988 posts)Its not a hydra, but Jenga..... I like that metaphor.
KoKo
(84,711 posts)is what has helped cause this "Too Big to Fail." So many hoped that the "Crisis" would lead to reforms to bring back Glass-Steagall...but, it hasn't happened. So, what caused the Melt Down in '08 has just gone on in different ways. It's so tied together and global involving IMF and EU, etc. that it all falls down if one brick is loosened. I imagine we taxpayers, global citizens will be confronted with another huge bailout at some point in the future.
Aerows
(39,961 posts)Nothing has really changed from how it was done in 2008. These kinds of crashes occur like clock work every 6-7 years. It's not "market corrections" - it's planned implosions.
L0oniX
(31,493 posts)I let you figure that out.
awoke_in_2003
(34,582 posts)but I already had one post removed in another dead banker thread
Aerows
(39,961 posts)Dead Bankster #3 Karl Slym: The next day, January 27, Tata Motors managing director Karl Slym, 51, was found dead on the fourth floor of the Shangri-La hotel in Bangkok. Police said he could have committed suicide. Mr. Slym was staying on the 22nd floor with his wife, and was attending a board meeting in the Thai capital.
http://www.dailymail.co.uk/news/article-2547261/Wife-British-Tata-boss-Karl-Slym-fast-asleep-jumped-death-22nd-floor-Bangkok-hotel-window.html
All of these folks seem to have connections in London.
Ichingcarpenter
(36,988 posts)he would have to deal in Forex exchanges in large sums of monies for his industry as the others who were specifically were in the banking industry.
I would put him on the list as suspiciously odd.conicidence and timing.
Aerows
(39,961 posts)I think this is probably indicative of something bad on the way in the global currency market. Just my take on it, but it's not really a surprise since everything that caused the 2008 crash is still going on.
Were these suicides? Maybe. Still seems damned odd that they are all falling, well, and the guy that shot himself 8 times with a nail gun. I don't think that would be my choice for a suicide.
Control-Z
(15,682 posts)is under the influence of some cheap, nasty, street drugs. Bath salts, anyone?
There is no way this guy used anything so dirty and cheap. And no way he nailed himself to death. Didn't happen. It just didn't.
Aerows
(39,961 posts)"suicide" by intervention. AKA Murder.
Nictuku
(3,620 posts)Makes me wonder if there is another type of scandal like this that these guys were involved in.
Ichingcarpenter
(36,988 posts)and saw something
wrong. and not involved in the wrong doing or
ITS ALL JUST A COINCIDENCE.
2banon
(7,321 posts)or the equivalent in an investigation, ie: singing canaries . but that might imply there's a mole (The Director?) in the FBI tipping off the PTB. Wouldn't want to cast suspicion there, now would we?
And gee whiz, why isn't this being reported on PBS/NPR?
(if it has been, I've missed every single story, I do watch Business Report just about every night on PBS)
questionseverything
(9,666 posts)That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world's largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world's largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.
Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.
It should surprise no one that among the players implicated in this scheme to fix the prices of interest-rate swaps are the same megabanks including Barclays, UBS, Bank of America, JPMorgan Chase and the Royal Bank of Scotland that serve on the Libor panel that sets global interest rates. In fact, in recent years many of these banks have already paid multimillion-dollar settlements for anti-competitive manipulation of one form or another (in addition to Libor, some were caught up in an anti-competitive scheme, detailed in Rolling Stone last year, to rig municipal-debt service auctions). Though the jumble of financial acronyms sounds like gibberish to the layperson, the fact that there may now be price-fixing scandals involving both Libor and ISDAfix suggests a single, giant mushrooming conspiracy of collusion and price-fixing hovering under the ostensibly competitive veneer of Wall Street culture.
Read more: http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425#ixzz2tJhn2Mu5
Follow us: @rollingstone on Twitter | RollingStone on Facebook
Aerows
(39,961 posts)and the money-laundering scandals.
2banon
(7,321 posts)Aerows
(39,961 posts)for MI6 that was found in a locked duffel bag was a "suicide", too.
http://newsfeed.time.com/2012/12/28/dead-british-spy-probably-locked-himself-into-duffel-bag/
Vashta Nerada
(3,922 posts)Octafish
(55,745 posts)Biggest business there is -- one year's sales are larger than the budgets of all the world's governments, combined.
Renew Deal
(81,893 posts)Some day oil will fade away. The banks never will and they've been in business much longer.
packman
(16,296 posts)In the movie , after the Lufhansa Air heist, the mob cleans house getting rid of the little people who were in on the robbery so the big bosses would be insulated from possible implication.
Quite a read.
http://en.wikipedia.org/wiki/Lufthansa_heist
TheKentuckian
(25,035 posts)Jimmy Conway wiping out all connections. Kats turning up in meat freezers and junkyards.
reformist2
(9,841 posts)alfredo
(60,078 posts)ReRe
(10,597 posts)WhiteTara
(29,730 posts)Then this shit will just follow him.
dinger130
(199 posts)or maybe even Bitcoin?
Business Insider had an article the other day about it crashing.
reformist2
(9,841 posts)There is a huge disconnect between the prices that keep all the companies profitable, and the income people need in order to keep paying those prices. Something has got to give. I think it's going to be prices. When workers around the world make $1 an hour, you can't keep charging $500 for an iPhone. Deflation is coming.
Renew Deal
(81,893 posts)Someone here posted that Bitcoin is worth $5 Million. That's less than some finance executive will make today.
CFLDem
(2,083 posts)KoKo
(84,711 posts)Pam and Russ Martens at "Wall Street on Parade" have some good links and updates on these Banker's deaths)
-----------
JPMorgan Vice Presidents Death in London Shines a Light on the Banks Close Ties to the CIA
By Pam Martens and Russ Martens: February 12, 2014
The nonstop crime news swirling around JPMorgan Chase for a solid 18 months has started to feel a little spooky they do lots of crime but never any time; and with each closed case, a trail of unanswered questions remains in the publics mind.
Just when the public was numbing itself to the endless stream of financial malfeasance which cost JPMorgan over $30 billion in fines and settlements in just the past 13 months, we learned on January 28 of this year that a happy, healthy 39-year old technology Vice President, Gabriel Magee, was found dead on a 9th level rooftop of the banks 33-story European headquarters building in the Canary Wharf section of London.
The way the news of this tragic and sudden death was stage-managed by highly skilled but invisible hands, turning a demonstrably suspicious incident into a cut-and-dried suicide leap from the rooftop (devoid of eyewitnesses or motivation) had all the hallmarks of a sophisticated covert operation or coverup.
--snip---
If JPMorgans CEO, Jamie Dimon, needed a little crisis management help from operatives, he has no shortage of people to call upon. Thomas Higgins was, until a few months ago, a Managing Director and Global Head of Operational Control for JPMorgan. (A BusinessWeek profile shows Higgins still employed at JPMorgan while the New York Post reported that he left late last year.) What is not in question is that Higgins was previously the Senior Officer and Station Chief in the CIAs National Clandestine Service, a component of which is the National Resources Division. (Higgins bio is printed in past brochures of the CIA Officers Memorial Foundation, where Higgins is listed with his JPMorgan job title, former CIA job title, and as a member of the Foundations Board of Directors for 2013.)
According to Jeff Stein, writing in Newsweek on November 14, the National Resources Division (NR) is the biggest little CIA shop youve never heard of. One good reason youve never heard of it until now is that the New York Times was asked not to name it in 2001. James Risen writes in a New York Times piece: [the CIAs] New York station was behind the false front of another federal organization, which intelligence officials requested that The Times not identify. The station was, among other things, a base of operations to spy on and recruit foreign diplomats stationed at the United Nations, while debriefing selected American business executives and others willing to talk to the C.I.A. after returning from overseas.
Stein gives us even less reason to feel confident about this situation, writing that the NR knows some titans of finance are not above being romanced. Most love hanging out with the agencys top spies James Bond and all that and being solicited for their views on everything from the streets latest tricks to their meetings with, say, Chinas finance minister. JPMorgan Chases Jamie Dimon and Goldman Sachs Lloyd Blankfein, one former CIA executive recalls, loved to get visitors from Langley. And the CIA loves them back, not just for their patriotic cooperation with the spy agency, sources say, but for the influence they have on Capitol Hill, where the intelligence budgets are hashed out.
More...Interesting Background that's more detailed than copyright snips here at:
http://wallstreetonparade.com/2014/02/jpmorgan-vice-president%E2%80%99s-death-in-london-shines-a-light-on-the-bank%E2%80%99s-close-ties-to-the-cia/
2banon
(7,321 posts)and so it goes...
libodem
(19,288 posts)That nail gun murder reminds me of some of the bodies that would turn up in Iraq. Unholy.
Ichingcarpenter
(36,988 posts)now the question is ?
What does the CIA know about assassinations?
Why they even have a manuel on it that the FOIA got
released in 1984....which mentions pushing off of tall buildings.
http://www.scribd.com/doc/3233614/CIAA-Study-of-Assassination
truth2power
(8,219 posts)purely by accident, about a week ago and haven't had the opportunity to read there in detail (so much information; so little time).
I have to go out for a while, but I'll be back later today to read the article you posted.
KoKo
(84,711 posts)swilton
(5,069 posts)book Endless Enemies which documents the Wall-Street -CIA revolving door since the 1960's (Lumumba assassination)....Sadly Kwitny, a critically acclaimed investigative journalist, died prematurely....This book is very well sourced and interestingly pages - it includes some blank pages where portions have been censored/redacted.
http://en.wikipedia.org/wiki/Jonathan_Kwitny
KoKo
(84,711 posts)Confessions of an Economic Hit Man Paperback
by John Perkins
From the author of the phenomenal New York Times bestseller, Confessions of an Economic Hit Man, comes an exposé of international corruption, and an inspired plan to turn the tide for future generations
With a presidential election around the corner, questions of America's military buildup, environmental impact, and foreign policy are on everyone's mind. Former Economic Hit Man John Perkins goes behind the scenes of the current geopolitical crisis and offers bold solutions to our most pressing problems. Drawing on interviews with other EHMs, jackals, CIA operatives, reporters, businessmen, and activists, Perkins reveals the secret history of events that have created the current American Empire, including:
How the defeats in Vietnam and Iraq have benefited big business
The role of Israel as Fortress America in the Middle East
Tragic repercussions of the IMF's Asian Economic Collapse
The current Latin American revolution and its lessons for democracy
U.S. blunders in Tibet, Congo, Lebanon, and Venezuela
From the U.S. military in Iraq to infrastructure development in Indonesia, from Peace Corps volunteers in Africa to jackals in Venezuela, Perkins exposes a conspiracy of corruption that has fueled instability and anti-Americanism around the globe, with consequences reflected in our daily headlines. Having raised the alarm, Perkins passionately addresses how Americans can work to create a more peaceful and stable world for future generations.
Read the Amazon Reviews ........IF you are interested:
http://www.amazon.com/Confessions-Economic-Hit-John-Perkins/dp/0452287081
hamsterjill
(15,224 posts)The old Michael Douglas movie, "The Star Chamber" came to mind to me when I read this.
2banon
(7,321 posts)Is it worth viewing? I'll netflix it..
hamsterjill
(15,224 posts)Michael Douglas and Hal Holbrook. I liked it myself.
http://www.imdb.com/title/tt0086356/
2banon
(7,321 posts)He did these well.. will check it out.
840high
(17,196 posts)by the minute. Whatzup?
magical thyme
(14,881 posts)just sayin'
IKR!!?
geek tragedy
(68,868 posts)sure they makes lots of money, but LONG hours, high stress, frequent substance abuse, etc take their toll.
reformist2
(9,841 posts)Aerows
(39,961 posts)suicide doesn't pass the smell test.
Adsos Letter
(19,459 posts)Hmmmmm
Several shots? Seems like an odd way to commit suicide, even if he was using something like a framing gun.
I mean, yeah, it would do the job, but still...
Hmmm.
KoKo
(84,711 posts)to cause terror in anyone who might be "on the fence" to whistleblow.
How the heck does one Suicide themself with a "Nail Gun."
It defies belief in logistics and that any person would even think of shooting themselves with NAILS to have an agonizing death.
If I was going to "off myself" I'd pick the quickest way and not some kind slow torture gruesome kind of death like that...which is bizarre.
Who could believe this?
Aerows
(39,961 posts)There is the FOIA released CIA handbook on assassination. It directly mentions throwing people off of buildings and using widely available hand tools. It's hardly a hammer, but it certainly conveys a message, shooting someone 8 times with one, doesn't it?
I know shortly someone is going to leap into the thread and tell me I'm an idiot, and I could pretty much name who the candidates for doing so are for daring to voice that "suicide by nail gun" is unreasonable, but I'm going to state it, anyway.
Linked again for your convenience and visibility: http://www.scribd.com/doc/3233614/CIAA-Study-of-Assassination
heaven05
(18,124 posts)dinger130
(199 posts)O.K. Just trying to get the dots out there.
How about JP Morgan acquiring the commodity trading operations of Bear Steams back in 2008.
Koch Metals (yeah, them) renting tankers of oil and sitting on them......futures trade.
Could it be......arbitraging the contango?
Crime spree escalating?
Rex
(65,616 posts)WOW, never thought I would see corporate crime so easy and free of worry!
Ichingcarpenter
(36,988 posts)and found out that its on the average around three weeks and can be up to 2 months depending on the case and resorces of the county. Also if the coroner thinks it might be foul play. This is a very wealthy county with plenty of resources of universities and scientific laboratories. that could evaluate the data.
If you remember when Michael Hastings 'died' his toxology report came in within a little over a week.
Rex
(65,616 posts)6 weeks sounds just long enough for a whitewash! However, if it can take up to 2 months, I guess I overreached some. Maybe an unknown investigation on-going?
All these mega bankers dying all at once COULD be a coincidence.
malaise
(269,254 posts)That is all
KoKo
(84,711 posts)with Nails in Your head to do Suicide...or go out for a Walk and Disappear...or ...or....
Didn't we have weird stuff with Microbiologists during Bush II?
Whatever.....One would think that in this recovering Stock Market these folks wouldn't be thinking about "offing themselves" .....but, then ....everything is WEIRD these days.
Just go with the flow...
cap
(7,170 posts)Not surprised.
I think the Feds are closing in or the markets are profoundly unstable.
KoKo
(84,711 posts)But, I suppose we must hold onto:
I don't know how many books, Blogs, Investigative Reports and Media could overcome Eric Holder's reluctance to prosecute.
So....we shall see...and I guess "Past Performance is not a Indicator of Future Performance" might be the "Hope" for some.
I'm not so sure.
louis-t
(23,309 posts)Who is dumb enough to believe that?
You sure he didn't accidentally shoot himself in the back with a speargun?
Aerows
(39,961 posts)a person in this thread trying to link it to the Clintons in attempt to make this about the Democratic party and the Clintons.
Screech "Clintons" and "Obama" and "Democratic Party" and surely those idiots will forget the story and defend the party.
Not fucking likely.
No one with a grain of sense believes someone shot themselves 8 times in the head and torso with a nail gun.
I may have been born at night, but it wasn't *last* night.
CFLDem
(2,083 posts)whistler162
(11,155 posts)hide now!
Right on time, someone shows up to mock the whole story as an attack on Democrats on Democratic Underground.
Keep whistling.