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"Nail Gun Suicide" Banker's Firm Probed Over Missing Millions
Just a few short weeks ago we reported on the unusual suicide, due to self-inflicted nail-gun wounds, of Richard Talley, CEO of Denver-based American Title Services. The death of the 57-year-old banker was accompanied by the fact that his firm was under investigation by the insurance regulators, and now, as The Denver Post reports, state prosecutors launched a criminal investigation and a grand jury over more than $2 million missing from escrow accounts. As part of that inquiry, investigators have seized about 100 boxes of documents and about 60 computers as records suggest the seemingly successful title business had serious financial problems. Talley's wife, Cheryl, who owns the other 60% of the firm has not commented.
Via The Denver Post,
The firm...
Talley, 56, owned 40 percent of the company he founded with his wife, Cheryl, who owns the other 60 percent, according to bankruptcy records.
Cheryl Talley did not respond to efforts by The Denver Post to reach her.
The suicide...
The Arapahoe County coroner's office said Talley shot himself in the chest seven times with 2½ -inch finish nails from a nail gun before firing a fatal nail into his head. Police found him dressed for work, sitting in his car in the garage and with the motor running.
Records show Title Resources was to confront Talley about the missing escrow funds the morning he died.
The probe...
State prosecutors launched a criminal investigation and a grand jury into bankrupt American Title Services just days after its CEO killed himself with a nail gun, according to federal court records.
Meanwhile, the title insurance company for which American Title was writing policies said more than $2 million is missing from escrow accounts the Greenwood Village company maintained on real estate closings.
The background...
In its lawsuit, Title Resources said it first uncovered discrepancies in ledgers kept by American Title and America's Home Title, a related company, in late January. The ledgers "appeared to be altered to create the facade of balanced trust accounts."
Title companies handle large amounts of money in closing real estate transactions, keeping funds in trust or escrow and then paying them to the appropriate party.
Dallas-based Title Resources said in its lawsuit that American Title's controller, Bill Krieg, has admitted that money was misappropriated from the escrow accounts, but the extent of the alleged embezzlement is unclear.
Title Resources said it was forced to pay about $2 million in missing escrow funds — money set aside in real estate transactions to cover costs such as utilities, taxes and property liens such as mortgages — and that affected consumers will not be impacted.
Krieg has not responded to efforts to reach him.
American Title's bankruptcy showed it owed about $40,000 in back rent to the owners of the Greenwood Village office tower that housed its headquarters, and about $36,000 in rent to other landlords of its branch offices.
This does not come entirely as a shock... as we noted previously,
A checkered past?
Before coming to Colorado, Talley was a former regional financial officer at Drexel Burnham Lambert in Chicago, where he met his wife, Cheryl, a vice president at the company. The two married in 1989.
Talley had formed a number of companies, some now defunct, according to the Colorado secretary of state's office. Among them: American Escrow, Clear Title, Clear Creek Financial Holdings, Swift Basin, Sumar, American Real Estate Services, and the American Alliance of Real Estate Professionals.
It would appear, unfortunately, that Mr. Talley was not an entirely honest man...
Talley's 1989 wedding announcement in the Chicago Tribune noted he was "a member of the 1980 U.S. Olympic swimming team."
A spokeswoman for USA Swimming on Thursday said Talley was not on the team.
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Ruh roh.
And let's not forget that they were smack dab in the middle of all the robo-signing shanaigans.
Accounting error? He nailed it!!!
Bravo...bravo.
RIPS
Shot himslef in the chest 7 times before shooting himself in the head? I am surprised he did not cut himself up into little pieces and scatter himself across 5 square miles of forest, too.
The question is who really pulled the trigger 9 times and put the last nail in the coffin. My guess is Colonel Mustard in the pantry.
The guy offs himself over a lousy 2 mill. That's a sad excuse for a banker.
I'll bet Llyod and Jamie blew whole Cheerios out their noses when they read that story...
Obummer has already proposed a national registration and nail gun data base!
Fuck Piers Morgan and his National Nail Gun Control
Next we'll be finding out that the ATF has been supplying nail guns to the Mexican crime cartels.
I think that was Shrimp Boy & Leland Yee...lol.
"Richard Talley could not be reached for comment."
Suicide by nail gun.....and now we hear of some inconsistencies?
Gotta tell you....I'm a little shocked to hear that!
See WB7's article on the subject for further ideas:
https://farm8.staticflickr.com/7371/13500813274_497fe6679c_b.jpg
http://www.zerohedge.com/contributed/2014-03-29/introducing-exterminator
FULL AUTO!
This story isn't interesting unless it can implicate JPM. I would say Goldman Sachs but their implicated in anything shady by default.
2 whole million?
holy doctor evil!
He may have pulled the trigger the first time but I am pretty sure she pulled the next 6
Yea i'm startin to worry, i'm down to my last 2 million.
"a member of the 1980 U.S. Olympic swimming team."
Synchronized swimmer!!
What did i win Alex?
Easy mistake to make, probably just a mis-print, noting he was part of his college swimming team :)
it's hard to get yourself into the trunk of a car and drive that far, usually takes a friend or two to help out
I can think of a few better ways to go. Nail gun is not for Me
Right, I've been shot in the foot with a finish nail it's not a painless thing let me tell you, yet Captin America here took 7 to the chest and then put one In his own head? ...mmm k I feel like less of a man.
It hurts the most when you slowly pull the nail out...
(OT but isn't Dick Talley a porno actor?)
so some little piker took a few million and someone nailed him to the wall. actually sounds like justice was served and none of it has any relavance to the markets or any big picture stuff.
In the meantime that whale corzine orders another potato colada and continues to sprawl out on that beach chair like pizza the hut.
Nah, he was framed.
Linda, she took the money and then nailed him.
He was finished, not framed. Different kind of nailer.
swmnguy FTW!!
Actually, it doesn't hurt much to pull out. It really is the going in part that hurts.
i think i saw that in itchy and scratchy.
Since when are Title agents "bankers"?
No kidding, this guy and his wife was robbing paul to pay peter. And that was because they took money out that they shouldn't to live a lifestyle, just you wait and see.
He used to swim with the Olympic swim team.
Now he sleeps with the fishes.
No, no, no!
He was very confused when he filled out thst CV or application, what he really meant to write down was that he was an esteemed mamber of the Attack Girls Swim Team (v. the Undead):
http://watch32.com/movies-online/attack-girls-swim-team-vs-the-undead-829
"Cheryl Talley did not respond to efforts by The Denver Post to reach her."
Ironically, she was having her nails done.
sad
Now, that was funny!
Or . . . she was enjoying her new winter home in Mallorca or Aruba?
So a dishonest douche offed himself. Others like him should follow in his footsteps.
7 nails to the bod b4 the uhmmm, finishing nail?
and you believe he did himself in?
Who was owed the money & who was implicated?
Say, Big Willy, have you noticed that people who believe that "suicide by 8 nails from the nail gun" also believe that on 9/11/01 all compound resistance disappeared in the Twin Towers and Building 7, thus accounting for their solid state collapse, which only happens under controlled demos?
Title Agent = Banker? NOT!
The thick plottens!
.
Neighbors say he was heard screaming, "NO!! PLEASE DON'T KILL ME!!" during his suicide.
That was just him talking to himself.
CORONERS HATE HIM!!!!
Linda Green signed the Death Certificate
Approving cause of death: Suicide
Linda is just one amazing fount of knowledge
The Oracle of Robo
Better he than me said Cheryl.
Is he wearing a Toupée in that picture?
Any good banker knows that a framing nail gun is the way to go
There are no good bankers (unless, of course, you mean dead).
Best case for gun ownership I have ever seen.
a charming tale, undoubtedly much more common than one would imagine, indicative of the sordid underbelly of criminality and corruption which underlies the media fabricated facade of righteous moral triumphalism which we are spoon fed daily. vomit.
I liked the 2nd sentence. ;-)
hose and closed windows would have been saner but this is the definition of overkill.
You have to make sure he is more dead.
sends a message.
maybe the nails where made out of gold and they where worth 2 million?
better hope they didn't shop his corpse to china...
Cheryl is remarried now to a 18 year old toyboy after a full 2 days of morning now and currently resides somewhere on the bahamas but word is she cried during the funeral.
He may not have been an Olympic swimmer, but now he surely must hold a Guinness record of some kind..
Yes he holds the record for Most Nails into One's Self at One Sitting.
"...state prosecutors launched a criminal investigation and a grand jury over more than $2 million missing from escrow accounts"
Should be,
"...state prosecutors launched a criminal investigation and a grand jury over more than $2 million corzined from escrow accounts"
Fixed it.
"Jon Corzine, your guillotine will see you now."
Since Cheryl is now single, the obligatory question is is she hot?
The more obligatory question is, does she like to frame walls in her spare time?
Does she have a HomeDepot charge account?
Must....make....it....look....legit. I don't think any amount of 'money missing' would be enough to shoot myself to death with a nail gun.
If you were going to lose everything and go to prison, but you knew you had a million dollar life insurance policy that paid out for suicide and creditors could not attach it, then you might consider it.
Suicide waver on a life insurance policy? Is that possible or common? Who would write such a policy?
Uh, no, I wouldn't. This country is absolutely full of firearms.
Sounds like he WAS 'confronted' about the missing funds........
.... 'so... where's the money? ' - ka-ching - 1st nail............ 'nothing to say?' - ka- ching - 2nd nail...... and so on....
'Suicide'!?!???......... please...... as if ANY white collar finance guy would even OWN a nail gun......
Wonder if the Wifey knows how to use a nail gun?
Probably, but it's getting the air compressor plugged in and fired up, the hose rolled out, a couple of drops of oil in the gun and connected to said hose and shoving a stick of nails in.
She doesn't need to use a nail gun. Most suicides are covered by life insurance with USA written life insurance policies but not in the third world usually. That's why the Malaysian pilot hid his suicide but this banker didn't have to.
I have seen this play out several times, even with a close associate defrauding health insurance.
If there were a law limiting the size of clips for these nailguns, this poor man might still be alive.
Yeah, who needs that many nails anyway?
A good woodworker does not use nails or screws unless absolutely necessary: http://www.frontiernet.net/~jimbot/laurasbox.htm
All joinery, except for the hinges.
So the NY clip limit of 7 might have saved his life. A guy with 7 in the chest going to put the 8th in his head would have found his nail gun empty.
This dead guy will be the poster boy for clip limits.
Some nail guns are powered by small gas cylinders similar to those used in pellet rifles. No hoses or compressors needed.
Why is the prosecuting attorney not investigating a hit here? Nail gun suicide; so many things wrong with this.
PROBABLY because the prosecutor doesn't want to be suicided as well.
somet thing(folks) you can buy with money, for everything else, there's masterhitman card.
But maybe this was a butane powered one, making it a 'fire'arm.....Piers can advise us on this....to whom was this gun registered?
No shit, Uncle Remus. Not like he was having a few glasses of Glenlivet and decided to kill himself. Then, thinkig to himself, he decides to go into the garage and fire up the nail gun? WTF? Walking through this scenario I cannot believe someone shoots themselves in the abdomen 7 fucking times and then turns it on his noggin.
Then again, there's the othe suicide victim who hurled himself over a 50' embankment. Next up, cutting your wrists by firsty chewing your ahnd up in a Hamilton Beach blender.
Is it possible he had a terrible aim the first six times?
sad that i have only one upvote to give
Maybe someone should kindly take her into the garage and show her how it works.
Nothing matters anymore. The fact that the Turkish PM admittedly called for a false flag and nothing is being done about it is just the nail in the coffin for me. Even here on ZH, where we bitched about it, it seems no one cares or that we are just not surprised. Its total control that the TPTB has. Media is completely bought and paid for. The guy should be in huge trouble, and nothing is being done. I just cannot get over it.
there is an old saying, that i might have viewed here recently. "if you cant spot the sucker at the poker table, its YOU!"
for many, its like waking up all of a sudden, to find you are the sole sheep, sitting at the poker table with wolves. you get up to go tell the pit-boss somethings up....when you realize he's a wolf too. all of security, actually. the CEO's that own the casino, the landlords they rent from, and the wolves howling all the way to Wall Street. im just not sure what to do yet. Nigel said the same thing and went to talk to the farmer about it, and hasn't been seen since. and now that i mention it, every time one of us goes missing, they act like its no big deal, while they sit and stuff their faces with that Mutton stuff.
im tellin ya, somethings up!
6 million more scumbag bankers to go
JUMMMPPPPP!!!!!!!!!!!!!!
I wonder if she pulled the trigger?
No offense but only an idiot would accept that some deuchebag offed himself with 20 hits by a nailgun
Let's have a little happy dance and htink about this
Mogul rider the upper class thinks differently than you and me and has options you have never considered. See my post below.
Typical.
Had occasional cash flow problems and delved into segregated accounts for years. He always paid it back until he got himself in too deep.
He then gambled the last 500,000 on options in a desperate attempt to come back to even.
He checked his insurance to be sure it paid out for suicide. He also knows insurance proceeds bypass his estate and cannot be attached by creditors.
He left his kids a cool million as his final act.
Yeh, the guy is not a "rich banker". He is like your small town insurance agent, realtor, car dealer kind of guy. probably a member of the Rotary or Lions Club. Was living the high life during the housing boom and got used to it. Probably had a woman on the side and was using the money for his double life or something. Embezzlement is not uncommon, you see the treasurer of the PTA or the church taking $15k to $40k in the news from time to time. Banker suicide phenomenon, my ass.
Probably had a woman on the side
and what's wrong with that, may i ask???
Nothin wrong with it. He would be my hero except for the nail gun part.
I'd arrest Loyd Blankfein and Jamie Dimon before anyone. They've done a lot worse.
If only Jon Corzine had so much honour. How many nails would be needed to administer justice to such ?
And again... why would, Richard Talley, CEO of Denver-based American Title Services, own a nail gun? I own one, but really, the CEO of a banking company? Really?
Lol a lot of the self made upper class are do it yourselfers
He didn't own a gun.
Title service. These guy kiss realtor's asses all day and give them little kick-backs for their business. Take them to the local country club, out for a steak dinner or a strip joint. These people are not "powerful bankers". Small business people.
Perhaps it was a very recent impulse buy !
But then again... maybe lifted rather than bought.
His wife gave it to him as a Christmas present.
His wife is a blonde. She overheard him tell his buddy how much he'd love to nail his secretary.
How hard is it to "[keep] funds in trust or escrow and then [pay] them to the appropriate party" without skimming two million dollars off the books?
It sounds like a good job to me. One that, with a little bit of professionalism and honesty, would allow a person to make a good living, acquire a good reputation among his fellows, and finally to be considered a valuable and trustworthy human being in some rather wealthy, sophisticated circles. Why would you want to give up all that just to grab some quick cash, get into the inevitable hot water, and end it all with a nail to the temple?
I hope, for the sake of his soul, that he had some crippling neurosis, some warped developmental hangover from a brutal childhood which resulted in him feeing almost irresistible kleptomaniacal temptations; something that might mitigate his guilt before the Almighty, and allow him to be remembered on earth as not quite a sociopathic liar. Because if he didn't, than this is a shame of the worst order, deserving to be rubbed out and spat upon with contempt.
The real horror is that guys like Talley make it ever more difficult for honest men to function in the business world. They destroy the reputation of the entire profession by associating it in the public mind with freewheeling graft and thievery. With each crime they commit, the social fabric wears a little more threadbare, the ordinary and necessary business of getting on with life grows a little more difficult and joyless, council darkens, plans and talk wax paranoid, and the best people hold ever more aloof from the whole enterprise, leaving it to the dregs. This tragedy occured in electoral politics long ago.
I can only applaud the final justice of God as He withdrew from Talley for the last time the grace which had been so steadily and lovingly offered, so steadfastly and furiously resisted, and allowed the hissing demons to pour forth their accusations, rage, and scorn upon his undefended mind. How they laughed and howled with cold-blooded delight when they tempted him to pick up the nail gun, how they beat his soul into that condition of impenitent despair which opened for it the maw of hell. "Join us Talley," they rattled as hopelessness slithered around his heart like a viper. "Join us, we've been waiting for you."
Girl friend, prostitute or dancer fetish, drug or gambling habit?
Drugs or gambling, yes. Women, unless it was over an extended period of time of many years, won't get to you $2M very easily unless you're just crazy bad with money.
There was a research chemist in my town who blew through his life savings on high-priced hookers in a few years. Yeh, it would take a while.
Tyler You nailed it
It's very clear that Linda took the fucking money and nailed it when she framed her hubby.
That banksterette had better watch out for a spectacular electric hair curler accident.
I would wager they are going to find alot more than 2 mill gone walkies.
And this looks like a Cartel job (they occassionally do free lance atrocities besides the drugs trade) judging by the rather savage method of delivery.
Suicide....yeah, okay....sure.....
Surprised no one asked, was there a prenuptial agreement ?
Some small time hardass probably had a couple hundred grand in escrow and was going to close on his pad when the agency was closed due to insufficient funds or State investigation. Hardass is pissed and pays the guy a visit since the hardass knows there will not be true justice from the system. People usually do not see this money again in these situations. A couple title agencies had problems like this in my area. Hardass probably was a bar, nightclub or restaurant owner who started out as a drug dealing thug and worked himself into "respectability".
I am guessing he offered "document preparation" for banksters illegally foreclosing on homes. Yeah, just a guess.
This guy was a small time scammer who got caught up in the bigs.
Who killed him? There is no way they sweep this under the rug, right? Nail guns himself over what?
And...it's gone!
When resources are limited, MATERIALITY is paramount.
It doesn't matter one iota if a few million dollars are missing. Not when you have a third of trillion dollars missing in Afghanistan.
Not when an airplane is under development like the F35 and has been for a decade, AND is 1500,000,000 over budget.
Not when Joe Cassano is sitting in his palace in London surrounded by 16 yr old Nubian slaves, a waterfall of Cristal cascading over the titties of Eurasian Models, fed Scuppernongs by Norwegian Amazons.
"L.B. 'member that schmuck in Denver who's been helpin' us wash titles out there? I got a call the other day from one of our associates-- the local pigs are gettin' ready to punce on 'im. Seems he was dippin' his fingers into the till. Today the guy calls me sez he needs some cash to tidy up some messes. Sez it's in our best interest to co-operate..."
----
"Sure, sure, I know a couple 'a guys. I'll get this thing nailed shut for ya...if ya know what I mean...Have a good one L.B. Nice doin' business with ya'."
There was a con man named Billie Sol Estes in Peocs Texas whose heyday was in the 1950's and 1960's. An agricultural field agent found out he was playing games with cotton field allotments and stuff. Mr. Marshall was found dead, shot with his own bold action rifle IIRC 5 to 9 times. The local sheriff forced a verdict of suicide even thought the local undertaker said there was no way that was possible. Anyway the rumor mill said he was offed to prevent and investigation that would lead to LBJ.
Like a lot of you I don't think this was over just 2 million. Look for a politician somewhere in the wood pile.
Mrs. Talley, when asked about the passing of her husband, replied "he nailed it."
I see what you did there +1 LOL
At least she got here nails done...
Im a framer and there is no way this guy did that
"Nail Gun Suicide" -- classic.
I'm sure there's even an Obamacare ICD-9 diagnostic code for that now. They have an ICD-9 code for "burns" from catching your feet on fire while water-skiing. Nail Gun Suicide is a walk in the park.
I was non-plussed about the banker suicides until "V" indicated these were the whistleblowers co-operating with investigations that were being offed. These were guys who were willing to point fingers.
Awesome.
Looks like they nailed it. Hehe.
Guess the hired killers took their instructions of "Nail Talley" too literally.
Suspect the wife. It had to be a hit. It could not be suicide.
$2 million?
That's the cost of one weekend at the Ritz for AIG execs "business meeting."
Why not just head for the hills, or get out of the country? Take a week off and disappear. The world is a big place with lots of options other than nailing yourself in the head. I don't buy it for a suicide, more likely homicide by his partner in crime.
Yeah butt, he is swimming with the fishes now.
Whole new meaning to remodeling the family home huh?
A banker that owns a nail gun? Come on!