Another JP Morgan Banker Dead

After a briefing this past Friday the Gazprom CEO says gas transit via Ukraine may stop completely. Adding this tidbit..."the train has departed."

Charlie stole the handle...

Death Benefits don't matter...

They take out a huge Insurance Policy on the ass-wipe before they WHACK him.

Then demand payment...

Sorta like Silverstein...

You would think somebody would catch on to this?

Re: 18th banker shot

According to its financial filings, as of December 31, 2013, JPMorgan held $17.9 billion in Bank-Owned Life Insurance (BOLI) assets, a dark corner of the insurance market that allows banks to take out life insurance policies on their workers, secretly pocket the death benefits, and receive generous tax perks subsidized by the U.S. taxpayer. According to experts, JPMorgan could potentially hold upwards of $179 billion of life insurance in force on its current and former workers, based on the size of its BOLI assets.
[link to wallstreetonparade.com]

Last Edited by Arete11 on 06/30/2014 08:45 PM

Bankers Killing Bankers For The Insurance Money And Another Look At 9/11
Two big, macabre stories came out of Wall Street recently: the rash of banker deaths by apparent murder and/or suicide, and speculation that bank CEOs themselves are behind the trend to cash in on the insurance.

It turns out that banks take out life insurance policies on their employees, and those policies pay out death benefits to the banks – not the families. In other words, to add to the banks' other crimes, they appear to also be involved in the "suicides" and deaths of their own, as a way to fatten their bottom line and bonuses.

Should we be surprised by this banker-on-banker death scam? After all, wasn't this what 9/11 was all about?
A new book by James Rickards, 'The Death of Money' (read: 'Death of Bankers'), opens with a timeline starting three days before the 9/11 attacks on the Twin Towers and describes them from a first-person account from inside the CIA, which was monitoring trading on airline stocks (specifically 'put options'), from traders who were profiting from the 9/11 disaster.

Jim Rickards is both a Washington insider and a Wall Street insider. He's a hedge fund manager and a lawyer who, amongst other roles, advised the government during the collapse of Long Term Capital Management (LTCM), as well as during the release of the hostages during the Iran Hostage Crisis of 1981. If anyone has the inside track on the Wall Street-Washington corridor of corruption, it's Mr. Rickards. And in his new book, he provides an eyewitness account of 9/11 insider 'terror trading' that was missing from the government's own report. Rickards is an unimpeachable source, and he has done a great service by blowing the whistle on this scandal, at least partially.
Read More: [link to rt.com]

Isn't anyone even curious as to why these people are being knocked off? What do they know that 'someone' doesn't want to get out.

This one, if he was hit by a car, was not even close to a suicide, as well as, IMO, the jump-out-the-window cases.

The ironic reality is that the documents do not pertain to the personal financial affairs of individuals who have a privacy right. Individuals are not going to receive the proceeds of this life insurance for the most part. In many cases, they do not even know that multi-million dollar policies that pay upon their death have been taken out by their employer or former employer. Equally important, JPMorgan is a publicly traded company whose shareholders have a right under securities laws to understand the quality of its earnings – are those earnings coming from traditional banking and investment banking operations or is this ghoulish practice of profiting from the death of workers now a major contributor to profits on Wall Street?”
more...
Public Intelligence Blog

Last Edited by Arete11 on 06/30/2014 09:38 PM

How is that legal? The insured should be required to sign any life insurance policy on themselves. Talk about conflict of interest.

VPs are a dime a dozen at the big banks, like JP.

Seriously, its almost like saying that a janitor of JP Morgan got killed.

When it's a group head, or a Sr. Managing Director, then it might mean something.

It is a good thing-The Purge

Poor poor Joe

As I sit here in my villa watching the sunset

poor poor Joe

a hit is a hit is cheaper than a severance package

poor poor Joe

you know?

very good my friend. pity there is no proof.

sun is almost up. wish you could see what I see.

Wow.

I thought you said it was setting..