Maybe It’s Nothing

“When money speaks, the truth keeps silent.” –Russian proverb

Silence is said to be golden, but despite the cliche, maybe ‘golden parachutes’ don’t always work so well? And … dead men tell no awkward truths. Sometimes, news headlines read more like an overblown Robert Ludlum thriller. At least one of them might be fiction. And I dare you not to wonder … what’s in the next chapter.

++++++++++++++++++

Mysterious Series of Deaths in Banking Industry
March 21, 2014
In the final week of January 2014 two current executives and one retired top level executive of major financial firms were found dead. Both media and police quickly tagged the deaths as likely suicides. Missing from the reports is the striking fact that all three of the financial firms that the executives worked for are under investigation for possibly momentous financial fraud.
The deaths began on Sunday, January 26. London police reported that William Broeksmit, a top executive at Deutsche Bank who retired in 2013, was found hanged at his residence in South London. The next day, Eric Ben-Artzi, a former risk analyst turned whistleblower at Deutsche Bank, was scheduled to speak at Auburn University in Alabama on his assertions that Deutsche had hidden $12 billion in losses during the financial crisis with the knowledge of senior executives. Two other whistleblowers at Deutsche brought similar charges.
Deutsche Bank is also under investigation by global regulators for rigging foreign exchange markets. In 2013 Deutsche settled charges of rigging the Libor interest rate.
Two days after Broeksmit’s death, 39-year old Gabriel Magee, a Vice President at JPMorgan in London, fell from the roof of the bank’s 33-story European headquarters. Magee was involved in “Technical architecture oversight for planning, development, and operation of systems for fixed income securities and interest rate derivatives.”
JPMorgan is under the same global investigation for possibly manipulating foreign exchange rates. The firm is also apparently under an investigation by the U.S. Senate’s Permanent Subcommittee on Investigations for its involvement in possible misconduct in physical commodities markets.
One day after Magee’s death, on Wednesday, January 29, 2014, 50-year old Michael Dueker, Chief Economist at Russell Investments, reportedly died from a 50-foot fall from a highway ramp down an embankment in Washington state.
Sources:
Pam Martens, “A Rash of Deaths and a Missing Reporter—With Ties to Wall Street Investigations,” Wall Street on Parade, February 4, 2014, http://wallstreetonparade.com/2014/02/a-rash-of-deaths-and-a-missing-reporter-%E2%80%93-with-ties-to-wall-street-investigations/.
Pam Martens, “Suspicious Death of JPMorgan Vice President, Gabriel Magee, Under Investigation in London,” Wall Street on Parade, February 9, 2014, http://wallstreetonparade.com/2014/02/suspicious-death-of-jpmorgan-vice-president-gabriel-magee-under-investigation-in-london/.
Pam Martens, “JPMorgan Vice President’s Death in London Shines a Light on the Bank’s Close Ties to the CIA,” Wall Street on Parade, February 12, 2014, http://wallstreetonparade.com/2014/02/jpmorgan-vice-president’s-death-in-london-shines-a-light-on-the-bank’s-close-ties-to-the-cia/.
Student Researcher: Alexandra J. Johnson (Florida Atlantic University)
Faculty Evaluator: James F. Tracy (Florida Atlantic University)
http://www.projectcensored.org/mysterious-series-deaths-banking-industry/?mc_cid=f97c1c3923&mc_eid=a27ba58a97

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About l. l. frederick

I'm pretty ordinary, so I find any number of things in the world interesting, among them: books, music, flowers, food, social justice, politics and (sometimes!) people. As for my writing, I've decided that I can be subtle and tasteful when our only problems are esthetic ones. Or when I'm dead, whichever comes first. In the meantime, read at your own risk.
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8 Responses to Maybe It’s Nothing

  1. I guess some occupations carry a high mortality rate. I would never have thought of banking as one of them. I don’t know. The bank fraud and grand larceny we already know about is so awful. It’s hard to imagine they have done even worse stuff that they are murdering people to cover up.

    • Stuart, Industrial accidents? Workers tragically caught up in all that dangerous banking machinery, yes, that could account for it. Poor things, they may need to unionize and demand better workplace safety standards. Perhaps even … better government regulation.

      Of course, I should never make light of anyone’s death. But I’m bad, I have trouble sympathizing with willing and well-rewarded accomplices in this system that has such disregard for human lives and needs, a system that will cheerfully crush us all for a little more money and power. It is possible that these individuals were moved by remorse for their actions. But so far, I have not heard of any banksters trying to give all the money back. Thank you for your comment. – Linda

  2. Of course, in each case, I’ve read that the ‘deaths’ weren’t considered suspicious in nature but then that could be a cover-up. But if those bankers got popped off, is it assumed that they knew something? And since it is a well known fact that the corporate executives working for the banks in question have engaged in questionable activity and were deemed too big to jail by the U.S., why would the bankers fear investigations? No one has gone to jail thus far. In fact, they were rewarded for their criminal behavior. I’m perplexed over this one.

    • Shelby, Good point. If this shit has not just happened, maintaining discipline within the banking ranks seems vastly more likely as an explanation than a cover-up for fear of public disclosure — ‘Yeah? So fucking what? Wata you gonna do about it anyway, suckers!’

      The law won’t catch me ’cause the law don’t care.
      Your government’s bent – I put them there!

      It could be these folks just pissed off their bosses in some way. They would clearly be punished for skimming — it’s fine to steal from us, but never from their own cappos. Maybe they ineptly failed to scrabble for every possible dime in one of their capers. Or … now I know this is unlikely, but maybe they occasionally have a defector, someone with a bit of conscience and humanity. Desertion under fire in this total class war would definitely call for executions. Thanks for your comment. – Linda

  3. tubularsock says:

    Linda …….. simple, they just had to pay higher “interest” charges.

    • Tubularsock, you may have something there … those payday loans can eat you alive! Hadn’t thought of it, but the Brits and Europeans at least talk about limiting bankster bonuses — so maybe things are just that tough. Poor babies. Thanks for the suggestion. – Linda

  4. H3nry J3kyll says:

    These bankers learned that when you make a deal with the devil you’re the junior partner. Probably forgot their pay grade and ruffled some feathers in the Cabal.

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