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Second JPMorgan Banker Jumps To His Death: Said To Be 33 Year Old Hong Kong FX Trader
The banker suicide wave that started in late January has now become an epidemic, and it seems to be focusing on one bank: JP Morgan.
After the first suicide that took place in JPM's London headquarters, ending the life of 39 year old Gabriel Magee, a vice president in the investment bank’s technology department, next it was 37 year old Ryan Crane, an executive director in the firm's program trading division, who died under still unknown circumstances.
Moments ago a third JPMorgan banker committed suicide, this time at the JPMorgan Charter House Asia headquarters in central Hong Kong, where a 33 year old man who was said to have been an FX trader for JPM, just jumped to his death.
Not much is known yet about the circumstances of the suicide, however according to early reports, the man was 33-years-old, surnamed Lee, and believed to be a forex trader for JP Morgan.
Commuters noticed the man at the top of Chater House around 2pm to 3pm in the afternoon and called the police but policemen who arrived at the scene failed to convince the man not to jump. The deceased was sent to the hospital immediately but was pronounced dead on arrival. As several lanes on Connaught Road Central were closed because of the incident, traffic in the area were chaotic.
The man stands on the roof of Chater House in Central as
police try to talk him down. Photo: SCMP Pictures
An investment banker on Tuesday jumped to his death from the roof of Chater House in Central, where Wall Street bank JP Morgan has its Asia headquarters, several witnesses told the South China Morning Post.
Witnesses said the man initially went to the roof of Chater House, a 30-floor building in the heart of Hong Kong’s central business district – and later jumped. The incident happened between 2pm and 3pm, one witness said.
Several policemen were seen on the roof but apparently failed to convince the man not to jump, one of the witnesses said. Police later confirmed to the Post that a 33-year-old man – surnamed Li – was found in a dangerous position on the roof of Chater House on Connaught Road Central at 2.08pm local time. Li threw himself off the building before the city’s emergency crew arrived.
The man landed on the four-lane western-bound carriageway outside the building. A police spokeswoman said Li was taken to Ruttonjee Hospital, where he was declared dead at 2.31pm. Police are investigating the case.
According to several JP Morgan employees, the man was a junior-level investment banker who played a supporting role on various projects.
A Hong Kong-based JP Morgan spokeswoman said the bank was aware of the incident but it could not confirm at this stage whether the deceased was an employee of the bank. The bank is working with other parties including the police and the property manager of Chater House to follow up on the case, she added.
“There were lots of police, ambulance cars and even some firefighters at the scene, right in front of Chater House,” said one witness, a security guard at Jardine House, an office building opposite Chater House in Central.
“Connaught Road Central was blocked for nearly two hours in the afternoon,” he added.
Another witness working for a financial firm in Jardine House said he and his colleagues were having coffee at a nearby Starbucks when the suicide happened. They heard a heavy sound suddenly from the ground and later realised it was a man who jumped to his death.
“We thought it might have been a car tyre [exploding]. It’s sad to know it is a suicide case,” he said.
The incident apparently had some internal impact on JP Morgan’s business activities in Hong Kong – at least one business meeting was cancelled immediately after the suicide happened.
According to one manager working for a British bank in Hong Kong, his team were originally scheduled for a meeting with JP Morgan at 3pm but it was suddenly cancelled without explanation.
JP Morgan takes up 10 floors, from the 20th to 29th, of Chater House, one of the financial district’s landmark high-rises. It is the main regional head office location for the bank, which also houses its staff in Hong Kong in several other buildings across the city. Chater House also carries the logo of JP Morgan on the top corner of the building.
Hong Kong's On.cc Released photos of the suicide below (warning: graphic).
Perhaps what is most notable about this particular death is the reference that the man was involved with FX trading: as is well-known, this is a hot topic for banks around the world, as it is expected to be the next Libor-manipulation like bonanza for regulators and enforcers. Did he know too much?
Finally, via Financial Post, here is a chronological summary of all recent banker deaths:
Sunday, Jan. 26: London police found William Broeksmit, a 58-year-old former senior executive at Deutsche Bank AG, dead in his home after an apparent suicide.
Monday, Jan. 27: Tata Motors managing director Karl Slym died after falling from a hotel room in Bangkok in what police said could be possible suicide. Slym, 51, had attended a board meeting of Tata Motors’ Thailand unit in the Thai capital and was staying with his wife in a room on the 22nd floor of the Shangri-La hotel. Hotel staff found his body on Sunday on the fourth floor, which juts out above lower floors.
Tuesday, Jan. 28: a 39-year-old JPMorgan employee died after falling from the roof of the European headquarters of JPMorgan in London. The man, Gabriel Magee, was a vice president in the investment bank’s technology department, a source told WSJ.
Wednesday, January 29: Russell Investments’ Chief Economist Mike Dueker was found dead in an apparent suicide. Police said it appears Dueker took his own life by jumping from a ramp near the Tacoma Narrows Bridge in Tacoma, Wash., AP reported. According to Bloomberg, Dueker, 50, had been missing since Jan. 29, and friends and law enforcement had been searching for him.
The week before, a U.K.-based communications director at Swiss Re AG died. The cause of death has not been made public.
Monday, February 3: 37-year-old JPMorgan Chase & Co executive director who died from unknown causes Feb. 3 appears to be the latest in a series of untimely deaths among finance workers and business leaders around the world in the past three weeks. Ryan Crane, a JPMorgan Chase & Co. employee who in a 14-year career at the New York-based bank rose to executive director of a unit that trades blocks of stocks for clients, died in his Stamford, Connecticut, home.
Tuesday, February 18: 33-year old JPMorgan forex trader is the latest in a string of suicides to take his life in Hong Kong.
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Any way to pull demand forward?
I'm afraid some are missing the Big Picture, JPMorgue is making a bundle on their deaths:
http://wallstreetonparade.com/2014/02/as-bank-deaths-continue-to-shock-documents-reveal-jpmorgan-has-been-patenting-death-derivatives/
(And read today's article for good measure.)
http://wallstreetonparade.com/2014/02/memo-to-uk%e2%80%99s-serious-fraud-office-your-system-is-broken/
Wake me when Jamie and Loyd take the plunge.
Jamie Dimon &The Tale of the Bungee Cord 2 Feet Too Long; A Bedtime Story
The leaders never kill themselves. Not when they have golden parachutes stacked away for immediate use.
Banzai!
they need some serious workplace safety advice from apple
Would this thing, whatever is going to happen, just happen already??!!
Okay I got nothing now. This is interesting. JPM may want to contact Foxconn for some ideas on how to handle this.
Would this thing, whatever is going to happen, just happen already??!!
It's a process......you just really can't cut corners on it.
I was the kid who always tried to find where the Christmas presents were hidden. The suspense is killing me. Is it going to be 5 more banker squishies? 10 more? A hundred, before it happens, if it ever does?
SInce you asked, I heard there was a list of about 30. Thought it sounded like BS at the time....not so sure now.
Oh, well that's good to know.
It is already happening. The shit has hit the fan. The shitstorm is going to become much worse.
It is only a matter of how much shit you are willing to tolerate. What you may consider a little shit may drown someone else.
It is relative.
But it will get much worse before it gets better...if it ever gets better.
JPM crisis management sucks. You send out an evaluation form and see who asks/indicates they need some form of emotional support. Then you take all those people and throw them off the roof in one shot.
+1000
Most excellent indeed. I'm just sorry it took me a week to get back to it.
Just sit back, grab a cup 'o joe, and watch the show.
Oh, come on; it's fun watching our leaders try to pretend they know what they're doing.
I never understood why people choose to suicide by jumping off a building. Surely a bullet to the head is quicker and you don't spend the last seconds of your life plunging to the ground in terror?
True..Its the suspense that kills you..
Also, there hasnt been any murders of managers, CEOs, spouses, etc. is curious too
Do you have some audited statement of hits that we can consult? Putting together a pool is going to be difficult without good, accurate numbers.
Maybe if you yell "WHEEEEEEEEEEEE" on the way down it would help.
Maybe these poor souls really believe this Will E Coyote Market really did extend into the regular world...
Or seven staples to the head.
That was easy!
Fear of heights, Cap?
Why would there be more terror in the fall than in putting that gun barrel into your mouth?
Compare the success/failure rate of jumps from 25 story buildings to that of guns. Clearly one is far more successful than the other, because it is a whole lot harder to fuck up.
Seems to me that for somebody committed to their departure, those last few seconds could be filled with anything from exhilaration to a flood of good final memories.
Now, both routes are messy, alright. But one is a whole lot more effective when you really mean it. Nerves and mixed feelings have no effect on gravity.
If you are going to off yourself by gun then target the soft tissue of the neck. You will bleed out.
You are much more likely to survive a gunshot to the head as it is hard tissue and bullets do richochet or do unexpected things.
Self-shootings tend to have lots of forensic details that may be "difficult". but, if you push someone off the roof; there's no evidence. Just something that occured to me. It's possible I'm paranoid; but then I live here, which is a pretty good reason to be paranoid.
Gabriel Magee's body was found on the 9th floor roof. The 9th floor roof was accessible from an internal stairwell. There are no indications he jumped from the much more restricted 33rd floor roof except for a confused and hastily released press release.
http://wallstreetonparade.com/2014/02/suspicious-death-of-jpmorgan-vice-...
If you're not paranoid, you're not paying attention.
easy enough getting your hands on a firearm in the US, not so much in HK or most other places in the world.
This trend can now be said to have reached – ahem – dizzying new heights!
Wow, Another one.
Jump yerself or they do it for you...great choice!
Like Gerald says. Maybe he had nothing left to lose, so he lost it...
Who knew that banking could be so dangerous?
the street sweeper wasn't injured so it's all good
Ho Lee Splat.
"You don't know these guys. If I talk, I'm dead."
Look, if you can't take the heat of being neck-deep in a worldwide financial fraud scheme, stay out of the banking business.
The banker who suicided himself by shooting himself multiple times in the abdomen and head with a nail gun...yea, that wasn't a sucide but funny that's what they called it.
Next one will be a banker who died from holding his breath too long.
"The only witness killed himself. Very tragic. Stabbed himself I the back 3 times and three himself off a bridge."
Here it is for those who haven't seen it.
Suicide by nail gun:
"Richard Talley, 57, founder of American Title Services in Centennial, Colorado, was found dead in his home on Tuesday with up to eight wounds to the torso and head."
http://www.dailymail.co.uk/news/article-2553964/CEO-commits-suicide-nail...
Very suspicious.
tears on my pillow, pain in my heart........
whatever.....
NEXT!
Surname Lee? Lee?! I know someone named Lee from Hong Kong!
A little OT here.
Growing up in Honolulu, when we were young we would prank call all the people named "Wong".
When they answered, we would ask, "Is this the Wing residence"?
"No, this the Wong residence".
"I'm sorry, I must have winged the wong number".
I am laughing my ass off remembering that right now.
"A lot of us down here are starting to say you won't jump. Not that you don't have the ability, but that you won't actually do it"
"Oh look, he's flying"
http://www.youtube.com/watch?v=elgN3_vyx6E
probably went down something like this...
Jump, muthafuckers.
" at least one business meeting was cancelled immediately after the suicide happened."
in death we have a name. His name was "junior trader guy"
No blood on the pavement & his pants half off.(see photo above) Hmmm. Seems a little odd.
Why would they drain his blood before they pushed him off the roof?
Blood is in short supply in Hong Kong. His pants were off for the double kidney harvest.
Look in the foreground. He hit and bounced.
No blood, another victim of the Great Vampire Squid
Banksters can't fly
They can. They just aren't good at soft landings.
Ha, Ha. boy, that's a good one. We all better hope they're good at soft landings.
Where's the video..??
Would it be out of line to make sidewalk chalk targets around TBTF banks.
I wonder if they could argue it was vandalism or a threat in court?
Is this bullish for gold by any chance...?
It's usually bad form to hope to profit from someone's death.
I'm actually shorting gold today...
s/
Heh heh.....knock'em dead.
new jpmemo: re: life insurance of employee- JPM has increased your life insurance policy benefit. however the increased payout will go to JPM banking inc. if you suicide -a double indemnity clause will be wholely payable to JPM banking inc. those thinking of using the suicide option are incouraged to consult higher management to plan for death benefits. that is all. J dimond
when the bad guys actually die the rest of the world can't but profit from the lesser weight upon our jugulars.
Convenient how these guys have access to the roof.
Have you ever tried to get to the roof of a major high rise ?
I am sure it's just soooo easy
A small crowbar works wonders. It is not that you are too concerned about the Criminal Damage when you take you final plunge.
A banker with a crowbar, that's actually a dangerous and rare combination.
But I can also think of plenty of "smoking lounges" or "sin shacks" that reside of the other side of a door that is supposed to remain secured "for our own protection"
He just found out he lost his job to a HFT algo.
Suicide(d) wave.
There, I fixed your article.
Shit so hard when he hit that it blew his trousers apart.
Kinda shakes off one part of this wierd banker suicide meme. He was seen actually jumping. Not like the other non witnessed suicides. I still do not believe the 7-8 "self" inflicted nails to the torso and head suiside though.
Did he jump? A little at first.
Game-Over, but this is the aftermath,
In ASIA when you fuck your family and friends you got to 'save face'
Which means you kill yourself.
Now JPM and Goldman-Sacks have been removed from ASIA, but in prior years the brokers were forced to SELL SHIT to their familys and friends.
Of course like all JPM/GS paper it was shit, and now brokers are killing themselves.
*
In Asia its not enough to be dead, those that lost their money will go after the familys that fleeced them, it doesn't matter your son was on JPM/GS payroll, and they had a gun to his head, the family is still responsible for child actions, e..g robbing other people.
In time the TRIAD ( chinese MAFIA ) will get involved to collect money losses, and then JPM/GS will run to Tel-Aviv to hide, but ever there they will not be safe.
MORAL?
You can rip off the hair-lip american white moron, but in ASIA this ZIONIST bullshit doesn't work as planned.
i thought was only Russian mafia (or Italian take your pick depending on your preferences) that would do that ...
The Triads are pretty fucked up also. They are extremely complex organizations which go back like, forever. And any route to making money will be exploited. Any route. They wield much power.
Steve Winn has admitted as much on record with regard to his Macau operations, saying that it's almost impossible to run a business there without them (I'm paraphrasing.....). And with Macau being like what, 7 times the size of Vegas, that's kinda big.
Most people don't realize the power and influence of the Underworld unless they are part of it or have researched it quite a bit.
When it come to understanding the chinese mind...
"They might as well be Klingons"
I'd love to see a Hong Kong v Tel Aviv suicide war. Go for it! Kill the fuck outta each other!
obligatory: http://www.youtube.com/watch?v=yge311sFhC8
Yes, would it be harsh to include the iconic...
www.youtube.com/watch?v=geC2gHZ6m2g
The US Just-Us department makes sure it's ruled as suicide.
JUMP! JUMP!
JUMP! JUMP!
JUMP! JUMP!
JUMP! JUMP!
JUMP! JUMP!
JUMP! JUMP!
I never understood this behavior. If you're going to take yourself out, why not wait and take one of the whale assholes out with you?
...unless it's the whale who coerced the guy to kill himself
"Jump or your daughter is dead" kinda situation
Normally roof access is locked, the question is...who unlocked it?
I think Morpheus called and was trying to direct him out, but I think the Smith agents got to him first...
Used to be they just got the key to the executive washroom...
Progress..!!
The crowbar works wonders. It is rather quick when properly employed on a door.
Have you ever thought this through??? (I have. I can understand.)
My bet is that they are not voluntarily taking themselves out, but are being forced to do so, and if they fuck up in the process their families will get bumped.
1) they don't give a damn about the betterment of mankind or they wouldn't have become bankers
2) they gotcha by the balls when you have family or people you actually do give a damn about
3) some don't see it coming, this guy did, but not all
Well with that attitude you'll never take yourself out, you're still thinking aggressively and strategically. People who jump off the roof don't feel anything anymore, no drive, no strength, no faith in the future, so they just cash out.
If I were to remove myself..well...it will not be violent and with an audience. It will not be too messy.
People just do not understand the suicidal.
Suicide is not a Selfish action. In fact suicide is a Self Less action. It is a complete denial of self. It is emptyness. It happens when you are convinced that you have nothing left to contribute. Generally you feel isolated and disconnected.
Maybe this song will set the mood.
http://youtu.be/1BKwsHkz4Ew?t=28m51s
I'd listen to the entire album...It is pretty dark but...so is suicide.
"I never understood this behavior. If you're going to take yourself out, why not wait and take one of the whale assholes out with you?"
I still can't figure out the guy who chucked himself over the railing at the mall when his g/f would not stop shopping. Similar thought process...
"I still can't figure out the guy who chucked himself over the railing at the mall when his g/f would not stop shopping"
I can definitely empathize with that situation.
It's a Chinese honor thing or something. Through history, suicide was often committed and forced on others. I agree with Doc....
"but apparently failed to convince the man not to jump, one of the witnesses said"
Apparently, yeah ... it became apparent from the splat on the street.
Are people dying to get out JP Morgan
or Dying to go to a better place
"British ambassador have slight accident. Fall out of window, run into bullet on way down, and land on bomb."
My best recollection from a Monty Python sketch.
I think if I was a banker that could implicate someone for any crime, I would grab two witnesses and head to the closest notary and make what I know viral. At very least, my death would not be in vain who ever is behind this shit would be implicated.
Ya, they'd all commit suicide too, grief-stricken by your early loss, too early for this world.
Even the Notary.
Yup, 100% believable.
Watch out for magnetic trees.
What do the rats know that we don't?
As predicted by Roacheorque. The familie's comments do carry considerable weight, and these are important matters after all.
As predicted by Roacheorque. The familie's comments do carry considerable weight, and these are important matters after all.
As predicted by Roacheorque. The familie's comments do carry considerable weight, and these are important matters after all.
No dead cat boune either.
Huh.
actually there was
oh man. +1 he he heee. Yeah, you must already know you're going to hell.
Once you accept these things, it frees you up to do a lot.
+100 for fate recognition!! lololol.
It's 1929 all over again!
Wasn't there a huge drought that accompanied the Great Depression?
Signed,
Thirsty in California.
All we need is the "crash" part to happen and you will have it.
Do swimming pools have water? All pools were dry in the drought of the 70's. Have measures been taken to actually conserve water?
Maybe he thought the ground would open up and Satan would catch him and welcome him to the afterlife with open arms.
Bravo!
The Sulphuric hot-baths are reserved for King Dimon.
Where there is smoke...
A SUICIDE IS WAY CHEAPER THAN A SETTLEMENT NOWADAYS !!!...
The photo of him lying on the street does not look real enough. I would expect more physical damage to the body, more blood splatter.
Easy. He worked for the Vampire. He was sucked dry before he jumped.
Something looks off in that suicide picture. I'm no expert but if you jump off a building don't you usually fall fairly straight which would mean you land on the sidewalk or edge of the street not in the middle for starters?
Good point .. I thought it was just me not seeing it correctly.
Maybe a swarm of flying pigs knocked him off course.
I'm wondering how his clothes fell off on the way down. Maybe the force of impact "blasts" your clothes off of you in these events.
Stand at the edge of a Swimming Pool and jump. My bet is that you end up toward the middle.
Jumping is not dropping. There is a Horizontal Force component vector as well as a Vertical Force component vector.
The path of the fall is parabolic.
The Photos are consistent with a jump.
no, the acceleration of the drop at a given height gives you only so much time, so to cover a large horizontal distance more than just inches requires a HUGE amount of time.
The ENTIRE 110 stories of the World Trade center, on implosion, took 10 seconds to collapse. You think this man could cover a good 50 feet in the short time he had? He'd need a running start or a stiff wind.
I would think the logic might apply to cliff diving, base jumping and bankster jumping... lift with your legs if you don't want to get caught up or screw up...
Yes. Do you get 2 or 3 foot away from the pool wall in that short time? (I hope.) It is not that you just step out and drop.
with a big push, yes, without a big push, no.
Since the fall is parabolic you'll cover the same distance for the square of each previous time unit - so this guy shouldn't have made it anything more than maybe 15 feet.
70? No damn way.
Another one suicided, thanks possibly to the little CIA JPM danse macbre they've had going on.
keep 'em coming
jump you fuckers!!!!!
These are potential whistle blowers jumping. The real scumbags will be en route to their private islands when things go to shit.
How many assassin teams do TPTB have in operation?
Something Big is fixin' to Go Down!
His Golden Parachute malfunctioned.
So, how much did the relatives get for his saving face?
Stop with the conspiracy theories!
Bloomberg has got it all figured out
FX Traders Facing Extinction as Computers Replace Humans
http://www.bloomberg.com/news/2014-02-18/fx-traders-facing-extinction-as...
6 bankers commited suicide in under a month?
Bullish!
Someone please start a detailed list of all these "suicides" - with a link...
Six Degrees of Kevin Bacon (Banskter Edition) is a meaningless statistical manipulation.
except when the NSA play Seven Degrees of Kevin Bacon (Patsy Edition), plugs in Tyler Durden, and voila -- YOUR name comes up...
Must be some horrible shit to come out if all these fx traders are killing themselves over it.
When it happens to LBMA and BIS gold players...then I will happy.
A call at 5:15 am EST from Blythe about your losing trading position can do that to you.
Now if Jamie Dimon had this kind of integrity the world would be a way better place.
A great man once said, "a man out to live as long as he ought to, not as long as he can."
If Jamie asks you to meet him at the heliport.....say hell no or bonzi!
Geronimo!!!!!
FX trading is a zero sum game and it's even harder now because of all the robots. FX markets has been on a wild ride and it's realistic to think that many high paid coin tossers made some bad gambles. I still don't get it.
I guess when your reputation as a lucky coin flipper goes down the tubes, all is lost or something.
FX trading is a zero sum game and it's even harder now because of all the robots. FX markets has been on a wild ride and it's realistic to think that many high paid coin tossers made some bad gambles. I still don't get it.
I guess when your reputation as a lucky coin flipper goes down the tubes, all is lost or something.
Maybe JPM should start investing in nets around the buildings...
http://publicintelligence.net/wp-content/uploads/2011/05/foxconn-nets3.jpg
Nope, maybe paint bullseye's around the buildings!
At least we do know that this one was not 'helped' by the banker goons. The important thing here is to 'follow the money' because it will be interesting to see if the family comes into $10 million or so in the very near future. (or whatever the banker's think a banker is worth!) I would NOT be surprised if some of this activity is 'false flags' to try to hide the real 'hits' within a 'forest of hits'.
Without some analysis on the size of JPM's staff, the average suicides per capita, and years of statistics--this might just be a statistical coincidence.
Shit happens. People who handle money do stupid things. Then there is no way out.
While I would love to think "CONSPIRACY" I have to look at this the same way I look at the Military Officers getting fired. It is within the "normal" range of activity over a long period of time.
Until someone can put the dots together in a real way, I am still skeptical.
But that boy wanted to jump...thats for sure.
Had he attempted a triple gainer on the way down, he could have won a gold medal.
The financial houses should have diving boards installed on the tops of their buildings for those suiciders to make the jump with greater ease and some stylish dives to the ground.
Just a helpful suggestion.