Three prominent bankers commit what are classified as “apparent suicides” over a period of only a few days. Is it reasonable or prudent to accept this as coincidence or should one delve deeper. I think the latter the only viable option.
The latest to die is Mike Dueker, a 50 year old who had worked for Russell Investment for five years. Reports state that he jumped a fence and committed suicide by falling 15 meters. Really?
William Broeksmit, a 58 year old former senior executive at Deutsche Bank AG died in late January in his home by hanging. This was also ruled an “apparent” suicide. Two days later, 39 year old Gabriel Magee of JP Morgan died of what was called an “apparent” suicide after “falling” to his death from the roof of Morgan headquarters in London. All three of these deaths occurred in just a four day span. This is interesting as you will see later.
Much of the media has attempted to explain these back to back multiple so-called suicides as related to work stress due to working 40 hour weeks. From RT:
“While creating fortunes, City and Wall Street jobs are notorious for extra-long working weeks and huge amounts of stress. In a move to ease the tension some of the world’s biggest lenders like Bank of America, Goldman Sachs, JP Morgan and Credit Suisse have been telling junior staff to take more time off.”
Does this explanation sound plausible to anyone?
If one looks deeper, what would be found? Mike Dueker before joining Russell had worked at the St. Louis Federal Reserve Bank for seventeen years ending in 2008. He had risen after entry to senior economist, research officer and finally assistant vice president.
William Broeksmit had worked at Deutsche Bank from 96 t0 2001, and the again from 2008 until he retired in 2013. He was head of portfolio risk optimization. It is interesting that Broeksmit was a dirivitive expert, a pioneer in interest rate swaps.
Gabriel McGee was only 39, and allegedly jumped from the top of the 33 floor building to his death. He was also involved with interest rate dirivitives. He was working on the:
“Technical architecture oversight for planning, development, and operation of systems for fixed income securities and interest rate derivatives.”
This story doesn’t end here. Deutsche Bank where William Broeksmit worked is now under investigation for rigging foreign exchange markets. The day after Broeksmit died, one whistleblower who had been a risk analyst for Deutsche Bank, Eric Ben-Artzi, was scheduled to speak about a $12 billion loss and cover up. Two others had also brought charges against the bank.
JP Morgan where McGee worked is also under investigation for rigging foreign exchange rates and for fraudulent behavior in the commodities markets in the U.S. and abroad.
In addition to all this drama and “coincidental” related work and so-called suicidal behavior, reporter David Bird has disappeared, and is no where to be found. This is important because he reports on commodities markets, oil in particular, and oil trading is also under investigation for market manipulation, fraud in other words.
The bottom line is that all three former and current employers of these dead bankers, Deutsche Bank, Russell Investments and JP Morgan are all under investigation, and the missing, most likely dead, reporter was reporting on these charges. In addition, other whistle blowers have come forward but have not yet testified. I don’t think this is coincidental in any way, and close scrutiny should be the rule considering the fact that all these deaths are related. What will happen now, and who will be the next to “commit suicide?”
See this great story from Wall Street on Parade.