28-Year Old Former JPMorgan Banker Jumps To His Death, Latest In Series Of Recent Suicides

Tyler Durden's picture




 

Not a week seems to pass without some banker or trader committing suicide. Today we get news of the latest such tragic event with news that 28-year old Kenneth Bellando, a former JPMorgan banker, current employee of Levy Capital, and brother of a top chief investment officer of JPM, jumped to his death from his 6th floor East Side apartment on March 12.

From the NY Post:

Bellando, a former investment bank analyst at JPMorgan, is the son of John Bellando, chief operating officer and chief financial officer at Condé Nast. His brother, John, a top chief investment officer with JPMorgan, works on risk exposure valuations.

 

Several John Bellando emails were cited during testimony at the Senate Finance Committee’s inquiry into the bank’s losses during the infamous London Whale trade fiasco.

 

Kenneth Bellando — who grew up in Rockville Center, LI, and was a Georgetown graduate — worked as a summer analyst at JPMorgan while in school. Upon graduation in 2007, he was hired as an investment bank analyst and worked there for one year before moving on, according to his LinkedIn page.

 

The investment banker then went to Paragon Capital Partners, according to his LinkedIn page, until leaving at the end of 2013.

And so another young life is tragically taken before his time, the 11th financial professional to commit suicide in 2014, and the third in as many weeks. How many more to come?

In summary, here are all the recent untimely financial professional deaths we have witnessed in recent months:

1 - William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.

2 - Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.

3 - Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.

4 - Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.

5 - Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.

6 - Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.

7 - Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago.  No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.

8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.

9 - James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say whatcaused the death

10 - Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, commited suicide by jumping in front of LIRR train

11 - Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment.

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Tue, 03/18/2014 - 10:46 | 4562996 cifo
cifo's picture

What's taking them so long?

Tue, 03/18/2014 - 10:48 | 4563018 Max Damage
Max Damage's picture

Gravity not as strong as it should be?

Tue, 03/18/2014 - 10:52 | 4563045 Ident 7777 economy
Ident 7777 economy's picture

Hmm ... pushed, shoved, jumped, or still 'sleeping' on the way down? Are their bruise marks around his ankles? The size Bruno-the-Bruiser would leave?

Tue, 03/18/2014 - 10:55 | 4563073 MonsterBox
MonsterBox's picture

TreadStone continues.  Well done, JB.

"No one" suspects.

Tue, 03/18/2014 - 10:56 | 4563085 Arius
Arius's picture

To put it into perspective, JPM employs 250.000 people .... just saying' now back to regular programming

Tue, 03/18/2014 - 11:12 | 4563165 Pure Evil
Pure Evil's picture

If you were to ask my opinion, it seems there's a little gender discrimination going on.

And, some racial discrimination too.

Mostly male..........white and asian, what's up wit dat?

I thought they wanted women to serve in combat roles, so where's the first female suicided banker?

Tue, 03/18/2014 - 11:13 | 4563172 ndotken
ndotken's picture

Everyone should keep in mind that the vast majority of true bankers in America hate those corrupt motherfuckers on Wall St as much as you do.

Tue, 03/18/2014 - 11:17 | 4563185 jbvtme
jbvtme's picture

will their student loans be forgiven?

Tue, 03/18/2014 - 11:25 | 4563226 Herd Redirectio...
Herd Redirection Committee's picture

"Stay quiet, you wouldn't want to get in an accident like what happened to Mike's brother...."

Tue, 03/18/2014 - 11:33 | 4563285 TeamDepends
TeamDepends's picture

Twenty eight years old......  Even if he had joined the Dark Side there was plenty of time to turn his life around.

Tue, 03/18/2014 - 11:34 | 4563307 MagicHandPuppet
MagicHandPuppet's picture

At this rate, they will still outlive cockroaches.

Tue, 03/18/2014 - 11:45 | 4563376 Divided States ...
Divided States of America's picture

it looks to me that the cause of most of these deaths (especially trading related jumpers) is the dominance of HFT in the industry.

Tue, 03/18/2014 - 11:48 | 4563399 smlbizman
smlbizman's picture

i guess he didnt feel like going to home depot and get nails for his impulse gun

Tue, 03/18/2014 - 11:56 | 4563468 eclectic syncretist
eclectic syncretist's picture

Like Clint Eastwood says, "Dyin' ain't much of a living".

Tue, 03/18/2014 - 12:34 | 4563707 Soul Glow
Soul Glow's picture

Mick's girlfriend commited suicide last night.  I guess money and fame ain't everything.

Tue, 03/18/2014 - 21:47 | 4566126 Ranger4564
Ranger4564's picture

She was apparently in debt, but probably nothing Mick could not have handled... who knows.

Tue, 03/18/2014 - 13:57 | 4564285 wiseindian
wiseindian's picture

Perhaps an upcoming fallout of HFT is HFS = high frequency suicides. 

Tue, 03/18/2014 - 11:37 | 4563319 BaBaBouy
BaBaBouy's picture

BOY.... The US Special Suicider Unit Sure Is Busy These Daze...

Tue, 03/18/2014 - 11:39 | 4563303 BaBaBouy
BaBaBouy's picture

.

Tue, 03/18/2014 - 11:36 | 4563316 nuclearsquid
nuclearsquid's picture

Shennanigans.  This guy is smart enough to pick something higher than 6 floors to do the deed.

 

Tue, 03/18/2014 - 15:52 | 4564848 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

Exactly my thought. At 6 stories you could land wrong (right?) and just end up paralyzed. A female jumper might try that but a male, much less likely.

Might have been easier just to book a Malaysian Airlines flight

Tue, 03/18/2014 - 11:18 | 4563190 BlindMonkey
BlindMonkey's picture

I have no data to dispute this but.... Would that be jealousy about the connected rich kids making the big bucks?

I have also known local bankers to be arrogant pricks too BTW. Of course the worst was a bank president that was also a lawyer so his prickishness might have also come from his JD training.

Tue, 03/18/2014 - 12:31 | 4563680 UGrev
UGrev's picture

The vast majority of cops hate the corrupt, power hungry...oh fuck that shit.. you know they wouldn't leave their jobs knowing it meant they'd have to work for a living instead of employ theft as a means to an end. The only thing bankers have against banksters is that they didn't think of it first. Fuckin' troll. 

Tue, 03/18/2014 - 13:18 | 4563738 James
James's picture

Those "True Bankers" you speak of are only mad they're not in on the big cash.

They all fractional reserve at 40:1 or more.

They all have "Fine Print" in their contract w/their customers that depositor is now a shareholder. This knowledge in the publics hands would bring down these banks. That means they're deceitful bastards.

They all charge usurious rates of interest on their money yet your account (Loan to them) earns next to nothing.

The regionals have caused their share of pain too. (Read asset stripped)

Tue, 03/18/2014 - 16:50 | 4565080 August
August's picture

My last (small-town) USA bank manager cheerfully said "everyone knows JP Morgan is evil."

They'll even admit as much to some of us muppets.

Tue, 03/18/2014 - 11:15 | 4563179 kliguy38
kliguy38's picture

Jamie Dimon ....."The strain was more than he could bear"........

Tue, 03/18/2014 - 13:57 | 4564186 fockewulf190
fockewulf190's picture

There must be some heavy omerta drilled into these banksters when they join the big club.  The mob considers it a badge of honor to do your time and keep your mouth shut.   The banksters instead throw themselves off buildings and bridges, hang themselves, or find ways to shoot themselves a dozen times with a nail gun.

Is it fear of trial and jail?  Shame?  Men in Black?  Jaime is running a pretty tight operation since he almost got swallowed by the whale.  

Tue, 03/18/2014 - 15:51 | 4564842 New World Chaos
New World Chaos's picture

All goyim?

These must have been the ones with a conscience.  And no, I'm not saying that these "suicides" were real.

Tue, 03/18/2014 - 11:13 | 4563169 Raymond K Hessel
Raymond K Hessel's picture

Anyone who thinks it's great people are commiting suicide  should try it themselves.

 

Most of us are in the business and know what these tragedies are doing to the families left behind.

 

Don't be a dick.

Tue, 03/18/2014 - 11:19 | 4563194 dontgoforit
dontgoforit's picture

Pressure.  Stress.  And maybe a load of guilt?  OR:  the latest to discover the ruse and has been shown the elevator shaft?  Sure is suspicious.  Maybe he couldn't cover his puts?

Tue, 03/18/2014 - 11:21 | 4563206 BlindMonkey
BlindMonkey's picture

Read my lips... I don't fucking care.

The bankers are doing what they have always done and that is leach off the productive society as much that they think they can steal.

If you are in fact one of them I say fuck you too.

Tue, 03/18/2014 - 11:24 | 4563223 dontgoforit
dontgoforit's picture

Don't be TOO blind monkey.  Could have been your brother.  Would you care then? 

Tue, 03/18/2014 - 11:27 | 4563238 Herd Redirectio...
Herd Redirection Committee's picture

And thats why education of society is an important step.

Outlaw fractional reserve banking, usury, and fiat currency.

Tue, 03/18/2014 - 12:22 | 4563617 General Decline
General Decline's picture

That's anti-Semitic

Tue, 03/18/2014 - 12:56 | 4563869 Ariadne
Ariadne's picture

The only way that could be anti-semitic is if you recognize muslims as the hyper-militant faction of the abrahamic peoples dedicated to genocidally wiping non-Abrahamic peoples off the face of the Earth. If you accept this then you must also accept that the Jew vs. Muslim dichotomy is a lie intended to decieve non-semitic people in order to get them off their guard, in order to kill them more easily, in which case any form of self-defense is anti-semitic.

Sign me up.

Tue, 03/18/2014 - 16:43 | 4565049 Catflappo
Catflappo's picture

Fuck these on-going 'banker suicide' stories are BORING!

Tue, 03/18/2014 - 11:30 | 4563253 BlindMonkey
BlindMonkey's picture

What's the current vig on clearing credit/debit card transactions in this brave new (nearly) cashless society? 2-3% on everything? Moneychagers indeed. Who is pushing the cashless society?

Should I not call out everyone who works for Visa-MC-Amex-etc for being part of that abomination? Breaking their backs is the great promise of bitcoin. It remains to be seen if that will succeed or not (disclosure: no position or opinion. Just hopeful). Fuck them all.

Tue, 03/18/2014 - 11:37 | 4563333 Raymond K Hessel
Raymond K Hessel's picture

So because people are making money you want them dead?  How very Trotsky of you. 

How about armed revolution?  Line them up and shoot 'em, right?  Just so long as "them" ain't you or anyone YOU care about, right?

I just thought of a new reality show: put you and your buddies in a closed set for six weeks where you live in a communist utopia, like modern day North Korea or 1950s Leningrad.  We can have one episode where we watch you stand in line all day for toilet paper, and then next week's episode is about your re-education regarding cutting the line.  

Tue, 03/18/2014 - 11:51 | 4563420 El Vaquero
El Vaquero's picture

It has a lot more to do with the inherent corruption in the banking system and the fact that bankers have hurt a lot of people.  Modern banking itself is a ponzi scheme, and successful ponzi schemes always have victims.  Always. 

Tue, 03/18/2014 - 11:57 | 4563477 firstdivision
firstdivision's picture

Please learn the difference between making money through means that contibutes to the advancement of societies, and making money through leeching off the prodcution of socities.  You sir, are in the latter.

Tue, 03/18/2014 - 12:14 | 4563576 Quus Ant
Quus Ant's picture

Or possibly bankers are the most conspicuous of the leeches.  The token we can all hate on and justify ourselves

while we benefit from the same system that created them.

The love of money has tainted everything in this culture. 

"advancement of societies"  c'mon now.

 

Tue, 03/18/2014 - 12:53 | 4563859 Elliott Eldrich
Elliott Eldrich's picture

"Please learn the difference between making money through means that contibutes to the advancement of societies, and making money through leeching off the prodcution of socities."  

Hear! Hear! Well said.

Tue, 03/18/2014 - 12:33 | 4563701 UGrev
UGrev's picture

It's not the fact that they make money, it's HOW they make it. 

Tue, 03/18/2014 - 13:00 | 4563913 BlindMonkey
BlindMonkey's picture

How many baseless assumptions can you make in a single back and forth? Just because I believe Corzine (elder), Madoff and ilk deserve to see the end of a rope does NOT make me against making money.

Try again.

Tue, 03/18/2014 - 12:34 | 4563708 mccvilb
mccvilb's picture

You had me until Bitcoin.

Tue, 03/18/2014 - 13:15 | 4564028 DontGive
DontGive's picture

If my brother was a banker... I would disown him - unless you know, he greased my skids..

Tue, 03/18/2014 - 11:29 | 4563241 Raymond K Hessel
Raymond K Hessel's picture

Turd burglar, what are you doing on a forum for finance and economics if you're not in the business?  

Did you think you were joining Fight Club?

Do you simply regurgitate what you read on InfoWars or do you work for Cass Sunstein, hired to submit anti-semitic posts so that DHS and SLPC can point to this site as a place for racists and conspiracy theorists?

 

Tue, 03/18/2014 - 11:37 | 4563315 BlindMonkey
BlindMonkey's picture

Anti-Semitic? Where?

Calling out someone's bias when none was exhibited is a cowards actions.

Hey look over there!! --->. There is a sexisss, racisss, homophobe!! See how that works? Pathetic.

Tue, 03/18/2014 - 12:08 | 4563536 El Vaquero
El Vaquero's picture

Why the fuck would somebody who uses fiat currency want to know how fiat currency works you fucking dolt?

Tue, 03/18/2014 - 18:39 | 4565459 Dickweed Wang
Dickweed Wang's picture

Hessel,

So you have to be involved in finance/economics to participate in this forum??  News flash - you don't have to spend $200,000 on an MBA from Harvard, or get your information from "approved" web sites, to understand and discuss the issues on ZH. Your comments make you sound like an elitist dickhead . . . . or a troll.

Do NOT follow this link or you will be banned from the site!