Monday, March 10, 2014

New Clues in Suicide of JP Morgan Hong Kong Banker Add to Mystery

New Clues in Suicide of JP Morgan Hong Kong Banker Add to Mystery

The mystery and intrigue continue. There’s no denying these deaths suggest something big is going on and possibly about to hatch into our awareness. 
George Soros bet $1.3 billion that the US stock market is about to collapse. Betting on his own demise?  A DHS agent claims the US will collapse into martial law within 6 weeks. 
The frenetic stories continue, but I believe the situation is in Divine hands.  The clock is ticking for the dark cabal whether they acknowledge that fact or not. They are doomed.  ~ BP
February 21, 2014

Friends suggest Li Junjie was planning to return to Canada days before death leap

Friends of the JP Morgan banker who leapt to his death from a high rise building in Hong Kong this week, becoming the 7th financial worker to die under strange circumstances in recent weeks, suggest that he was planning to return to Canada, adding to the mystery of the suicide.
33-year-old Dennis Li Junjie plunged to his death on Tuesday after jumping from the roof of Chater House, which serves as JP Morgan’s Asia headquarters. Junjie worked for JP Morgan as a back up services associate.
His suicide was blamed on ”the stressful environment of investment banking,” although its timing, just three weeks after JP Morgan senior manager Gabriel Magee jumped 500ft from the top of the bank’s headquarters in central London, and amidst a number of other strange banker deaths, has prompted speculation that something more insidious may be afoot.
Just two days before his suicide, Junjie told a friend that he planned to return to Toronto, where he had worked as an analyst at the Royal Bank of Canada.
“RIP … What happened to all the promises and plans you made? What happened to your return to Toronto? I didn’t know you were that upset! I will miss you always,” remarked the friend.
Junjie had recently bought a HK$5.5 million apartment in Hong Kong and friends commented on how he always had a smile on his face.
The fact that Junjie did not seem to be depressed and had made specific future plans suggests that his suicide was quite spontaneous and may have been in response to information he was told or had uncovered in the 48 hours preceding his death.
While such an assertion is impossible to prove, it has been suggested as a factor that could connect the spate of recent banker deaths.
Could knowledge of an impending financial crash that outstrips anything previously experienced be the explanation behind the mystery?
Grady Means, economist and advisor to Vice President Nelson Rockefeller, predicted that the 4th of March 2014 would be the date on which the economic collapse accelerated, followed by, “A run on the bank (that) will start suddenly, build quickly and snowball.”
“The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our lifetimes,” wrote Means in a 2012 Washington Times editorial.
With this date fast approaching, any more mysterious banker deaths will only add to the intrigue.

As Bank Deaths Continue to Shock, Documents Reveal JPMorgan Has Been Patenting Death Derivatives

Is this thrown out there to obfuscate the issue? Nothing the cabal does is simple or straightforward. This may be one of many smokescreens to keep anyone from learning the truth behind the assassinations. 
If not, there may very well be a lot more bankers suicided, as some have warned is imminent.
 And the reason for procrastinating on the autopsy until May? Perhaps, like Sandy Hook and the Michael Hastings setups, they hope people will forget about the incidents and they can then quietly sweep them under the carpet and get one of their corrupt judges to seal the files so the public never has access to the truth. ~ BP
By Pam Martens and Russ Martens: February 17, 2014
The probability of two vibrant young men in their 30s who are employed by the same global bank but separated by an ocean dying within six days of each other is remote. And few companies are in as good a position to understand just how remote as is JPMorgan: since 2010, it has received four patents on quantifying longevity risks and structuring wagers via death derivatives.
The two deaths at JPMorgan remain unexplained. Gabriel Magee, a 39-year old technology Vice President was found dead on the 9th level rooftop of JPMorgan’s European headquarters at 25 Bank Street in the Canary Wharf section of London on January 28 of this year. A London coroner’s inquest is scheduled for May 15 to determine the cause of death. Six days later, Ryan Crane, a 37-year old Executive Director involved in trading at JPMorgan’s New York office was found dead at his Stamford, Connecticut home. Wall Street On Parade spoke with the Chief Medical Examiner’s office in Connecticut and was told the cause of death is “pending,” with final results expected in a few weeks.
Magee’s death was originally reported by London newspapers as a jump from the 33rd level rooftop of JPMorgan’s building with the strong implication that eyewitnesses had observed the jump. The London Evening Standard tweeted: “Bankers watch JP Morgan IT exec fall to his death from roof of London HQ,” which then linked to their article which said in its opening sentence that “A man plunged to his death from a Canary Wharf tower in front of thousands of horrified commuters today.”
When Wall Street On Parade contacted the Metropolitan Police in London a few days later, there was no assurance that even one eyewitness was on record as having seen Magee jump from the building.
Crane’s death is equally problematic. The death occurred on February 3 but the first major media to report it was Bloomberg News on February 13, ten days after the fact, and making no mention of Magee’s unexplained death just six days prior.
According to information available at the U.S. Patent and Trademark Office, JPMorgan created the LifeMetrics Index in March 2007 as an “international index designed to benchmark and trade longevity risk.” The index was said to enable pension plans to hedge the risk of payments to retirees and incorporated “historical and current statistics on mortality rates and life expectancy, across genders, ages, and nationalities.” From 2010 through 2013, JPMorgan has received patent approval on four longevity related patents.
Reuters reported on August 26, 2013 that the long-term longevity bets taken on by the big banks have now started to cause pain as international capital rules known as Basel III require more capital to be set aside for longer-dated positions. The article noted that “JPMorgan likely has the biggest holdings of long-dated swaps because it is the biggest swaps trader on Wall Street, responsible for about 30 percent of the market by some measures, traders at rival firms said.”
One extremely long longevity bet taken on by JPMorgan was reported by Insurance Risk on October 1, 2008. According to the publication, JPMorgan entered into a 40-year £500 million notional longevity swap with Canada Life whereby Canada Life would make a fixed annual payment in return for a floating liability-matching payment that would increase if the annuitants lived longer than expected. JPMorgan was believed to have passed on some of the risk to hedge fund investors but retained the counterparty risk. Because many of these deals are private, the full extent of JPMorgan’s exposure in this area is not known.
Wall Street veterans have also commented on the fact that JPMorgan may actually stand to profit from the early deaths of the two young men in their 30s. As we reported in March of last year, when the U.S. Senate’s Permanent Subcommittee on Investigations released its report on JPMorgan’s high risk bets known as the London Whale debacle, its Exhibit 81 showed that JPMorgan’s Chief Investment Office was also overseeing Bank Owned Life Insurance (BOLI) and Corporate Owned Life Insurance (COLI) plans which allow the corporation to reap huge tax benefits by taking out life insurance policies on workers – even low wage workers – and naming the corporation the beneficiary of the death benefit. Both the buildup in the policy and the benefit at death are received tax free to the corporation.
According to the exhibit, the Chief Investment Office was tasked with “Maximization of tax-advantaged investments of life insurance premiums” for the BOLI/COLI plans. According to a report in the Wall Street Journal in 2009, JPMorgan had $12 billion in BOLI, noting that a JPMorgan spokesperson had confirmed the figure. Other insurance industry experts put the total for both BOLI and COLI at JPMorgan significantly higher.
In September of last year, Risk Magazine reported that the Basel Committee on Banking Supervision, the International Organization of Securities Commissions and the International Association of Insurance Supervisors had published a report in August warning regulators that longevity swaps may expose banks to longevity tail risk – meaning, for example, that actual death rates in a given portfolio may vary dramatically from a large population index.
One advisor is quoted as follows in the article: “You can see from the position paper that this market has a lot of characteristics that regulators don’t like in terms of banks getting involved in it. It’s based on long-dated risks, upfront payments and a serious element of hubris in assuming that the banks can model these risks better than the people who originated them. It’s potentially a market big enough to cause serious problems if it caught on and went wrong.”
That things are starting to go seriously wrong was evident in a Bloomberg News report that emerged last Friday. AIG reported that it was taking a $971 million impairment charge before taxes for 2013 on its holdings of life settlement contracts because people were living longer than expected. AIG is the company that was bailed out by the U.S. taxpayer to the tune of $182 billion during the financial crisis because of bets gone wrong.
Source

Bankster “Suicides”: Players Taken Out to Prevent Forex Fraud Whistleblowing

Reblogged from American Kabuki:
Aha!  Once again, all is not as it seems. Suicide, indeed. This time it was NOT—but we know “they” are good at making it look that way. ~BP
JIM WILLIE ON BANKSTER SUICIDES: BANKERS WERE TAKEN OUT TO PREVENT FOREX FRAUD WHISTLE-BLOWING! FEBRUARY 7, 2014
Yesterday we reported that Steve Quayle’s banker source “V” has informed him that the recent rash of banker “suicides” are part of a hit list that includes dozens of bankers including a supposed high level Citi executive.
Today, none other than Jim Willie himself has provided SD readers with an exclusive report on the banker deaths. The Golden Jackass states that the suicided bankers had flipped during prosecution investigation, and were assassinated to prevent insider testimony of bank fraud from reaching the prosecution.
Willie, who recently sat down with The Doc for an exclusive interview revealing the “Smoking Gun” proving gold re-hypothecation by US officials, emphasizes that we are NOT seeing bad bankers removed, we are witnessing bankers taken out who are on the verge of revealing BIG DATA details.
Willie’s full alert on Wall Street banker suicides is below: The banker hits are being done by the bad guys to keep men from singing after they flipped during prosecution investigation. All have been working with police teams and continental cops like Interpol.
The STL Fed guy discovered some Bush giant multi-$B fraud and was ready to report it. The STL Fed economist was hit by the Bush gang, before he sang against them. The London bankers had begun to sing to Interpol on Mafia Vatican connections on massive FOREX fraud thefts. It is unclear which is bigger: Vatican links to narco money, or links to FOREX fraud theft, or their control room for Nazis.
WE ARE NOT SEEING BAD BANKERS REMOVED WE ARE SEEING BANKERS REMOVED WHO ARE ON THE VERGE OF REVEALING BIG DATA DETAILS
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List of Bankster Deaths from ‘Business Insider’

LondonReflections
Like it’s from stress and overwork… Ha! They can spin it all they like, but the truth will out!  ~ BP
A series of deaths among finance workers has shaken London and raised more concerns about stress levels of bankers, Ben Wright and David Enrich of The Wall Street Journal report.
On Tuesday morning, a 39-year-old JP Morgan employee died after falling from the roof of the European headquarters of JP Morgan in London.
The man, Gabriel Magee, was a vice president in the investment bank’s technology department, a source told WSJ.
On Sunday, London police found William Broeksmit, a 58-year-old former senior executive at Deutsche Bank AG, dead in his home after an apparent suicide.
Last week, a U.K.-based communications director at Swiss Re AG died. The cause of death has not been made public.
In August, a 21-year-old Bank of America intern died after reportedly working consecutive all-nighters at the bank’s London office.
Wall Street banks including Bank of America, Goldman Sachs, JP Morgan, Credit Suisse, subsequently told junior bankers to take more time off.
WSJ notes that last August, the finance chief at Zurich Insurance Group AG committed suicide and left a note blaming the company’s chairman for creating an unbearable work environment.
Source

Sudden Bankster Deaths in London, UK

So, the rats are offing themselves because the cowards can’t face what they’ve done and what’s coming to them. This latest spate of bankster suicides may suggest the end is near.
Did the fact that it was “bonus week” at JP Morgan have a bearing on it? Did they have a stroke of conscience, or did they simply receive bad news about their imminent demise?  ~ BP
Reblogged from American Kabuki:
Posted: 28 Jan 2014 11:29 AM PST

JP Morgan name man who plunged to his death from Canary Wharf headquarters as technology chief Gabriel Magee Mr Magee was found on the ninth floor roof of skyscraper at 8am today. The executive had worked for JP Morgan for 10 years – 7 years in London. He was a vice president in corporate & investment bank technology team.
By MARTIN ROBINSON
PUBLISHED: 09:59 GMT, 28 January 2014 | UPDATED: 18:18 GMT, 28 January 2014
A bank executive who died after jumping 500ft from the top of JP Morgan’s European headquarters in London this morning has been named as Gabriel Magee.
The American senior manager, 39, fell from the 33-storey skyscraper and was found on the ninth floor roof, which surrounds the Canary Wharf skyscraper.
He was a vice president in the corporate and investment bank technology department having joined in 2004, moving to Britain from the United States in 2007.
He was named in an email sent to all JP Morgan staff this afternoon.
A company spokesman said: ‘We are deeply saddened to have lost a member of the J.P. Morgan family at 25 Bank Street today.  Our thoughts and sympathy are with his family and his friends’.
For confidential support call the Samaritans in the UK on 08457 90 90 90, visit a local Samaritans branch or click here for details
A source close to Mr Magee said he was in ‘good standing with his bosses and colleagues. He was well liked.’
Scotland Yard said they were called to 25 Bank Street at 8:02am and detectives are not treating the death as suspicious.
‘No arrests have been made and the incident is being treated as non-suspicious at this early stage’, a Met spokesman said.
Canary Wharf workers were in shock today, with one trader telling MailOnline that his body lay on the flat roof until around Midday.
‘My colleague yelled that he could see that someone had jumped from the top of the building onto a lower roof. His body lay there uncovered for at least two hours,’ he said.
‘Hundreds were looking out of their windows at him.
‘It was bonus week at JP Morgan last week so I hope it wasn’t to do with that’.
The man was found on the 9th floor of the bank’s European headquarters building People look out of the window of the J P Morgan building at Canary Wharf
FORMER BANK EXECUTIVE FOUND HANGED AT KENSINGTON HOME
South Kensington Road
A former Deutsche Bank executive has been found dead at a house in London, it emerged today.
The body of William ‘Bill’ Broeksmit, 58, was discovered at his home in South Kensington on Sunday by police.
Mr Broeksmit – who retired last February – was a former senior manager with close ties to co-chief executive Anshu Jain.
Mr Jain and co-chief executive Juergen Fitschen said in an internal memo: ‘He was considered by many of his peers to be among the finest minds in the fields of risk and capital management.’
They added: ‘We are deeply saddened by Bill’s death. He was a dear friend and colleague to many of us who benefitted from his intellect and wisdom.
‘Our thoughts and condolences are with his wife and family at this time. We will remember him for his contributions to Deutsche Bank, thoughtful advice and personal friendship.’
Mr Broeksmit worked in investment banking – specifically risk and securities – and lived on exclusive Evelyn Gardens in South Kensington, which has an average property value of £1.9million.
Another Canary Wharf worker who could see where the man fell told the Evening Standard: ‘It’s upsetting what’s happened but the thought of somebody lying up there for four hours is awful.
‘I got into the office at about 8:10 and the body was on the floor and there were police up there, and they put a white cover on him.
‘I think he was in a suit. As far as I could see the was dressed appropriately, but there was quite a lot of blood, so me and my colleagues were a bit upset.’
Others tweeted that what they saw this morning.
Amie Hughes-Gage said: ‘Just watched the police finally remove that poor bankers body 4 and half hours later with only a white sheet over him.’
Hetal Patel tweeted: ‘The 9th floor roof of JP Morgan is visible from my office window. For a long time the body was left cordoned & unattended’.
Another wrote online: ‘It’s not a nice view from my building. The body is on the rooftop of level 9. So sad’.
An air ambulance was sent to the scene but the man could not be saved.
‘We were called to Bank Street to reports of a person fallen form a height’, London Ambulance Service spokesman said:
‘We sent one ambulance crew, a duty officer, our hazardous area response team and London Air Ambulance to the scene.
‘Sadly a man in his 30s was pronounced dead at the scene.’
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