"Riddles" Surround 36th Dead Banker Of The Year

[Dianne]

http://www.zerohedge.com/news/2014-12-07/riddles-surround-36th-dead-banker-year

52-year-old Belgian Geert Tack - a private banker for ING who managed portfolios for wealthy individuals - was described as 'impeccable', 'sporty', 'cared-for', and 'successful' and so as Vermist reports, after disappearing a month ago, the appearance of his body off the coast of Ostend is surrpunded by riddles...

This is the 36th Dead Banker of the year (via Beforeitsnews):

1) David Bird, 55, long-time reporter for the Wall Street Journal working at the Dow Jones news room
2) Tim Dickenson, a U.K.-based communications director at Swiss Re AG
3) William Broeksmit, 58, former senior manager for Deutsche Bank
4) Ryan Henry Crane, age 37, JP Morgan
5) Li Junjie, 33, Hong Kong JP Morgan
6) Gabriel Magee, 39, age JP Morgan employee
7) Mike Dueker, 50, who had worked for Russell Investments
8) Richard Talley, 57, was the founder and CEO of American Title (real estate titles)
9) James Stuart Jr. 70, Former National Bank of Commerce CEO was found dead in Scottsdale, Ariz
10) Jason Alan Salais, 34 year old IT Specialist at JPMorgan since 2008
11) Autumn Radtke, 28, CEO of First Meta, a Singapore-based virtual currency trading platform
12) Eddie Reilly, 47, investment banker, Vertical Group, New York
13) Kenneth Ballando, 28, investment banker, Levy Capital, New york
14) Joseph A. Giampapa, 55, corporate bankruptcy lawyer, JP Morgan Chase
15) Jan Peter Schmittmann, 57, voormalig topbestuurder ANB/AMRO, Laren, Nederland
16) Juergen Frick, 48, CEO Bank Frick & Co AG, Liechtenstein
17) Benoît Philippens, 37, directeur BNP Parisbas Fortis Bank, Ans, België.
18) Lydia…, 52, bankier Bred-Banque-Populaire, Parijs
19) Andrew Jarzyk, 27, bankier, PNC Bank, New York
20) Carlos Six, 61, Hoofd Belastingdienst en lid CREDAF, België
21) Jan Winkelhuijzen, 75, Commissaris en Fiscalist (voormalig Deloitte), Nederland.
22) Richard Rockefeller, 66, achterkleinzoon elitebankier John D. Rockefeller, Amerika
23) Mahafarid Amir Khosravi (Amir Mansour Aria), 45, bankeigenaar, zakenman en derivatenhandelaar, Iran
24) Lewis Katz, 76, zakenman, advocaat en insider in de bancaire wereld, Amerika
25) Julian Knott, Directeur Global Operations Center JP Morgan, 45, Amerika
26) Richard Gravino, IT Specialist JP Morgan, 49, Amerika
27) Thomas James Schenkman, Managing Director Global Infrastructure JP Morgan, 42, Amerika
28) Nicholas Valtz, 39, Managing Director Goldman Sachs, New York, Amerika
29) Therese Brouwer, 50, Managing Director ING, Nederland
30) Tod Robert Edward, 51, Vice President M & T Bank, Amerika
31) Thierry Leyne, 48, investeringsbankier en eigenaar Anatevka S.A., Israël
32) Calogero Gambino, 41, Managing Director Deutsche Bank, Amerika
33) Shawn D. Miller, 42, Managing Director Citigroup, New York, Amerika
34) Melissa Millian, 54, Senior Vice President Mass Mutual, Amerika
35) Thieu Leenen, 64, Relatiemanager ABN/AMRO, Eindhoven, Nederland
36) Geert Tack, 52, Private Banker ING, Haaltert, België

[ghengis86]

what do you call 36 dead bankers?

[2young2vote]

what do you call 36 dead bankers?

A start.

[BV2]

A start.
Too bad the dead ones were likely the good ones :(. Cest lavie I suppose.

[GunnyFreedom]

I actually thought it was in the 40's or 50's by now.

[kpitcher]

Anyone have numbers for previous years? Banking is a big industry (6800 FDIC insured banks in the US alone) so lots of bankers. Is this in the statistic norm or up?

[Mani]

I think there is a second one that off'ed himself in Hong Kong this year...A few have jumped off buildings last couple of years.


I think Li's case was he was about to lose everything and gave up, but that's rumor don't know the real story.



Edit (Ya it was Gabriel #6).


At least if these guys are offin'g themself it's better they do it to themselves instead of going insane and start playing out movies like Saw on women, like this freak.

http://www.dailymail.co.uk/news/article-2822973/British-banker-confesses-killing-women-luxury-Hong-Kong-apartment-speed-legal-process.html


HK is a pretty big financial sector we have a lot of bankers around. I know at least 30 or so. There's been a few bad banker stories this year for HK.

[muh_roads]

#11 lost all her bitcoins at mt gox so she jumped to her death.

[Schifference]

Banking could be a more deadly occupation than law enforcement.

[H. E. Panqui]

Too bad the dead ones were likely the good ones :(. Cest lavie I suppose.

(..it's like other stinking rotten institutions...the good ones tend to get out and the scumbags tend to hang on and rise...politics, law enforcement, government schooling, etc. ad nauseam...and the pitiful mullets who continue to vote for/affirm these GD fool Republicans and Democrats are a HUGE part of the problem...sad but true..) :mad:

[GunnyFreedom]

Banking could be a more deadly occupation than law enforcement.

"could be?"

[mosquitobite]

Too bad the dead ones were likely the good ones :(. Cest lavie I suppose.

(..it's like other stinking rotten institutions...the good ones tend to get out and the scumbags tend to hang on and rise...politics, law enforcement, government schooling, etc. ad nauseam...and the pitiful mullets who continue to vote for/affirm these GD fool Republicans and Democrats are a HUGE part of the problem...sad but true..) :mad:


Yeah, I'm guessing there is a similar connection on all of these. Similar investments? Someone in common? Did they speak out against things they knew?


And whatever happened with that white hat crap?

[Pericles]

There are plenty more where those came from.

[Natural Citizen]

There are more than 36. Were close to 50 now.

48 suspicious banking deaths (http://www.ronpaulforums.com/showthread.php?464370-48-suspicious-banking-deaths&p=5722744&viewfull=1#post5722744)

Recently...

Scott J Therriault Executive Biography (http://btrepartners.com/principals/)




As Founding Principal, Mr. Therriault brings 17 years of comprehensive capital market analysis expertise, equities trading experience, as well as, a wealth of deeply rooted, high level relationships in the investment banking community to BTRE. During his service at Merrill Lynch, JPMorgan Chase and UBS, Mr. Therriault consistently ranked amongst the top 5% in his production categories and was personally responsible for over $25 billion in equities transactions. Scott has aggregated in excess of $500 million in net profits on behalf of the financial institutions and investment banks that have employed him throughout his esteemed career. Mr. Therriault began taking equity positions in residential development and privately syndicated real estate investments in 2007. BTRE Partners is his inaugural venture as founder and lead equity investor.

View Executive BiographyIn 1995, Scott began his career in the financial services industry at First Albany Corporation where he earned his Series 7 license and was trained in capital markets analysis, institutional equities trading and mergers & acquisitions. Mr. Therriault later joined Merrill Lynch where he became one of the youngest members of the firm to be promoted to the Director of Equities Trading position, reaching the top 5% in net production from 1999-2002. During his time with Merrill, Scott also managed large risk commitments of corporate capital for the firm’s institutional client base and was instrumental in coordinating the group’s mentoring and executive recruitment programs.

Mr. Therriault became an Executive Director at JP Morgan Chase in 2002, where he managed a team of eight traders who focused on the technology, media and telecom sectors of the NASDAQ exchange. Scott was later identified as the group’s top NASDAQ producer in 2004 and he ranked 3rd in overall Wall Street trading volume within the semi-conductor sector. His commitment to implementing innovative sales and marketing techniques on the institutional block trading desk helped create more efficient trading performance and fostered synergies between the pure equities, derivative trading, and investment banking divisions of JPM.

In 2004, Mr. Therriault was successfully recruited by UBS specifically to provide senior leadership to the firm’s equities sales & trading group. There, he continued to target the technology, media and telecom sectors of the market. Through the introduction of advanced trading strategies, initiatives and algorithmic platforms, Scott became a key contributor to an exemplary team performance in high risk NASDAQ block trading and continued to be the group’s top ranked producer through the establishment of new institutional trading relationships. By 2007, UBS ranked 1st globally in overall NASDAQ market share.

Scott J.Therriault graduated with honors from the University of Rochester, New York, where he was a two-year letterman for the varsity baseball squad. He is a founding member of the Connecticut Chapter of Fight SMA, a non-profit organization dedicated to funding research efforts to cure Spinal Muscular Atrophy. Scott has three children and currently resides in Shelton, Connecticut.




There are a few more missing from the 48 on the list in the other thread. A woman in the banking industry was just stabbed in the chest while out jogging a few weeks ago and died from that. Had I known this thread was here I'd have added to this list instead of a new thread.

[CPUd]

Georgia Banker Who Faked Death Gets 30 Years in Prison

A former Georgia bank director who faked his own suicide two years ago to cover up the embezzlement of millions of dollars was sentenced on Tuesday to 30 years in jail. Aubrey Lee Price, 48 — who had been legally declared dead before being found alive last year — was given 360-month term by a Federal Judge in U.S. District Court in Statesboro, Georgia.

This past June, he pleaded guilty to bank, wire and securities fraud. Prosecutors say he misspent, embezzled and lost about $60 million dollars belonging both to private investors and the Montgomery Bank & Trust, which closed soon after Price went missing in June 2012.

http://www.nbcnews.com/news/us-news/georgia-banker-who-faked-death-gets-30-years-prison-n235691

[alucard13mm]

I think there is a second one that off'ed himself in Hong Kong this year...A few have jumped off buildings last couple of years.


I think Li's case was he was about to lose everything and gave up, but that's rumor don't know the real story.



Edit (Ya it was Gabriel #6).


At least if these guys are offin'g themself it's better they do it to themselves instead of going insane and start playing out movies like Saw on women, like this freak.

http://www.dailymail.co.uk/news/article-2822973/British-banker-confesses-killing-women-luxury-Hong-Kong-apartment-speed-legal-process.html


HK is a pretty big financial sector we have a lot of bankers around. I know at least 30 or so. There's been a few bad banker stories this year for HK.

As an asian... This guy's taste in asian women is pretty bad. I looked at all the pictures in the article.. good god, was he drunk most of the time?

[Mani]

As an asian... This guy's taste in asian women is pretty bad. I looked at all the pictures in the article.. good god, was he drunk most of the time?


He's grabbing what's readily available at the time. The girls in a lot of those pubs are kind of the lowest rung on the ladder, desperate and poor. Many of them are extremely poor back in their home countries, and some of them owe a debt to the "mamasan" that paid for their tourist visa and possibly their room and board while they stay.

This is their only chance to make some cash for the few weeks they have and are ready to do anything. If they see a white guy walk in, AND he's a banker, it's a friggin jackpot. A couple nights with him and their whole trip is made plus more to help feed the family back home. It's kinda sad. I feel bad when I walk by those pubs knowing there's a lot of sad stories.

Guys like him walk into these bars and become a king. The girls are lined up to talk to him. There will be a few attractive ones, but most will be like in the pictures. They are ready to please, so a lot of these guys get a high on having all these women fawn all over him, so it becomes less about the looks and more about all the attention he gets.

It took me a while to figure out why some of these guys go gaga for ladies that I don't find attractive at all.


I do feel awful for the two ladies and their families. They take all the risk going to some random guy's apt hoping to get a nice tip by the end of the night only to be hacked to pieces. People around here say, "Oh, it was the drugs, the drugs made him do it!" I don't think drug use turns people into Jason Voorhees, he must have already been sick in the head.

[Origanalist]

https://www.youtube.com/watch?v=yge311sFhC8

[ghengis86]

Another one bites the dust...impaled!

http://www.ibtimes.co.uk/wealthy-banker-impaled-spikes-following-60ft-fall-luxury-london-penthouse-1478841

Death to the money changers.

[muh_roads]

It's all about cashing in on life-insurance policies. Doesn't seem like much of a riddle after reading this...

http://www.zerohedge.com/news/2014-06-23/forget-cds-corporations-are-now-taking-out-life-insurance-policies-employees

leads to this...
http://www.zerohedge.com/news/2014-04-28/guest-post-suspicious-deaths-bankers-are-now-classified-trade-secrets-federal-regula

[Natural Citizen]

It's all about cashing in on life-insurance policies. Doesn't seem like much of a riddle after reading this...

http://www.zerohedge.com/news/2014-06-23/forget-cds-corporations-are-now-taking-out-life-insurance-policies-employees

leads to this...
http://www.zerohedge.com/news/2014-04-28/guest-post-suspicious-deaths-bankers-are-now-classified-trade-secrets-federal-regula

Relevant reading... http://www.ronpaulforums.com/showthread.php?455491-15th-financial-services-executive-suicide-this-year&p=5719631&viewfull=1#post5719631

Of course, the relevance lay in the fact that a lot of these folks who were the subject of bank owned life insurance policies were people who had the capacity to see things that may or may not make them ask questions. Like...oh...lets say a hidden system of finance or a hidden method of finance clearing that led back to the defense industry or something. And so when we think of trade secrets we should look at what they are saying in a broader way. Like clearing models and things like that. Again, I think that most, if not all, were were involved in legal/regulatory issues or competent in high frequency trading algorithms in some way.

But be careful spinning it into "It's all about cashing in on life-insurance policies". That may distract from more relevant factors that would indicate a much different phenomenon here.

[Natural Citizen]

Here is a story on this particular banker that I had shared elsewhere once these threads became too numerous and I got lost.

I'll just paste my thought on it from that thread to save clicking...


MassMutual Senior Vice President Found Dead, Stabbed In Chest In Apparent Homicide (http://www.zerohedge.com/news/2014-11-24/massmutual-senior-vice-president-found-dead-stabbed-chest-apparent-homicide)

Seems like many of these folks had bank owned life insurance policies. Which is just an aside kind of thing, I suppose. Many of these folks have been involved with foreign exchange and insurance which would broaden the terms of controversy if we consider their work related to international finance clearing/high frequency trading and a knowledge of of this that and the other one who may or may not partake in those practices. Well..assuming that terms of controversy exist.

http://www.ronpaulforums.com/showthread.php?444308-Timeline-of-bankers-deaths&p=5719308&viewfull=1#post5719308



That said...

Slain MassMutual Executive Held Wall Street “Trade Secrets” (http://wallstreetonparade.com/2014/12/slain-massmutual-executive-held-wall-street-trade-secrets/)





“Information has now emerged that Millan had access to highly sensitive data on bank profits resulting from the collection of life insurance proceeds from her insurance company employer on the death of bank workers – data that a Federal regulator of banks has characterized as “trade secrets.”

“Millan was a Senior Vice President with Massachusetts Mutual Life Insurance Company (MassMutual) headquartered in Springfield, Massachusetts and a member of its 39-member Senior Management team according to the company’s 2013 annual report. Millan had been with the company since 2001.

“According to Millan’s LinkedIn profile, her work involved the “General management of BOLI” and Executive Group Life, as well as disability insurance businesses and “expansion into worksite and voluntary benefits market.”

“BOLI is shorthand for Bank-Owned Life Insurance, a controversial practice where banks purchase bulk life insurance on the lives of their workers. The death benefit pays to the bank instead of to the family of the deceased. According to industry publications, MassMutual is considered one of the top ten sellers of BOLI in the United States. Its annual reports in recent years have indicated that growth in this area was a significant contributor to its revenue growth.”

Four of Wall Street’s largest banks are the largest owners of BOLI according to December 31, 2013 data from the Federal Financial Institutions Examination Council (FFIEC), holding a combined total of $68.1 billion.

The four banks’ individual BOLI assets are as follows as of the end of last year:
“Bank of America $22.7 billion
“Wells Fargo 18.7 billion
“JPMorgan Chase 17.9 billion
“Citigroup 8.8 billion

“The BOLI assets, however, support a far greater amount of life insurance coverage in force on the workers’ lives – potentially as much as a ten to one ratio – meaning that just these four banks could be holding $681 billion on the lives of their current and past employees.”


“Since details on the number of workers insured and the annual amounts that big Wall Street banks report as profits on the death of their current and former workers are closely guarded secrets, in March of this year Wall Street On Parade wrote to the regulator of national banks, the Office of the Comptroller of the Currency (OCC), asking for BOLI information under the Freedom of Information Act.

“Because JPMorgan Chase has experienced a number of tragic deaths among young workers in their 30s this year, we asked the OCC for the number of deaths from 2008 through March 21, 2014 on which JPMorgan Chase collected death benefits; the total face amount of BOLI life insurance in force at JPMorgan; the total number of former and current employees of JPMorgan Chase who are insured under these policies; and any peer studies showing the same data comparing JPMorgan Chase with Bank of America, Wells Fargo and Citigroup.

“The OCC responded to our request on April 18, 2014, advising that they did have documents responsive to our request but that all documents were going to be withheld because they were “privileged or contains trade secrets, or commercial or financial information, furnished in confidence, that relates to the business, personal, or financial affairs of any person,” or relate to “a record contained in or related to an examination.” (See OCC Response to Wall Street On Parade’s Request for Banker Death Information (http://wallstreetonparade.com/wp-content/uploads/2014/04/OCC-Response-to-Wall-Street-On-Parades-Request-for-Banker-Death-Information.pdf)).

“It is noteworthy that JPMorgan Chase, Bank of America, Wells Fargo and Citigroup are all publicly traded companies with shareholders. Under securities law, shareholders have a right to material information on how the company is making its profits. An investor who wants to own the shares of a well-run bank whose business model is to make prudent loans to businesses or loans to responsible retail customers, should have a right to know how much of a bank’s profits are coming from the unseemly practice of collecting death benefits on its workers.”

“On July 1, 2011, Millan assumed the leadership “of an expanded and centralized services and operations division” that included “business underwriting and operations, as well as claims.”
“There is evidence that Millan did use internal studies to see trends. On September 18, 2013, MassMutual released a 2013Employer Perspectives on Disability Benefits study showing inadequate coverage of some workers in case they became disabled.

The press release announcing the study quotes Millan as follows:

“ ‘Not only are many executives at risk, but so are their families,’ said Melissa Millan, senior vice president, worksite insurance, MassMutual. ‘We commissioned this study to help employee benefits executives and benefits managers benchmark their disability insurance plans more effectively, and help lead organizations to fully informed recommendations and decisions.’"