CEO Of Liechtenstein Bank Frick Murdered In Broad Daylight

Tyler Durden's picture




 

Over the weekend the world was gripped by the drama surrounding the mysterious murder-homicide of the former CEO of Dutch bank ABN Amro and members of his family, and whether there is more foul play than meets the eye. However, that is nothing compared to what just happened in the tiny, and all too quiet Principality of Lichtenstein, where moments ago the CEO of local financial institution Bank Frick & Co. AG, Juergen Frick, was shot dead in the underground garage of the bank located in the city of Balzers.


 

Based on preliminary reports, the murder is the result of a disgruntled fund manager, Juergen Germann, who had previously been embroiled in a "bitter dispute" with the government and the bank. Bloomberg has more:

A 48-year-old man was shot dead in the underground garage of a financial institution in Balzers at 7:30 a.m. local time, the principality’s police said on its website. The suspect, Juergen Hermann, fled the scene in a Smart car with Liechtenstein number plates, according to police. Neither the victim nor the institution were identified in the statement.

 

The deceased was Juergen Frick, CEO of Bank Frick & Co. AG, Switzerland’s Radio 1 said in an e-mailed statement, citing employees of the bank. Calls to Bank Frick were answered by a voice-mail message saying the company is closed because of “a death.” It gave no further details.

 

Hermann is a fund manager who has been embroiled in a dispute with the Liechtenstein government and Bank Frick for many years, Switzerland’s Radio 1 said.

 

The Liechtenstein government and the country’s Financial Market Authority “illegally destroyed my investment company Hermann Finance and its funds, depriving me of my livelihood,” according to a website registered under the name Juergen Hermann of Hermann Finance AG.

 

He has filed lawsuits seeking recovery of 200 million Swiss francs ($225 million) from the government and 33 million francs from Bank Frick, according to the website. The lender “illegally enriched itself,” among other alleged crimes, it said.

 

A representative of Hermann’s lawyer declined to comment when reached by telephone. A call to Hermann Finance’s office was answered by an employee of a law firm who said his company isn’t related to Hermann Finance.

The narrative against the "publicly hostile" alleged shooter has already been flushed out.

Hermann has been “publicly hostile” to the country’s Financial Market Authority and some of its employees, forcing it to take security measures in consultation with the police, FMA spokesman Beat Krieger said in an e-mail today.

 

The escape vehicle was later found in the village of Ruggell, 25 kilometers (16 miles) north of Balzers, police said.

 

“The area is being searched by police with dogs and helicopters,” the 120-member police force said. Zurich police are helping to document the crime scene, spokesman Mario Cortesi said.

Here is the update form the local police station:

On Monday morning, it came in Balzers a homicide, the suspect is currently volatile.

 

Against 07.30 clock in an underground garage of a financial institution is a homicide in which a 48-year-old man was shot occurred. When volatile suspects are Jürgen Hermann from the Moors. He is armed and dangerous, according to police reports, the investigation of the National Police is in full swing.

 

Notes on a possible whereabouts of the suspects are requested immediately to the police landing +423 / 236 71 11. Upon encountering the suspect, it is important to exercise extreme caution.

Below is the profile of the murdered CEO, still on the bank's website:

As CEO Jürgen Frick is closely involved in all business activities of the bank with a special focus lying on client advisory, financing and financial product development. As well he supervises all real estate development projects of the Bank.

 

Jürgen is also Chairman of the Board at Crystal Fund Management AG, a subsidiary of Bank Frick & Co.

 

As for the bank itself:

Bank Frick is active in modern wealth management and provides a range of advisory services. As well it specializes in fund development and fund administration.

 

Our Bank entertains close ties to an efficient network of fiduciaries, insurers, tax experts, investment funds and law firms around the world.

 

We are completely independent. Our advice and our services cater exclusively to the individual needs and requirements of our clients.

 

Combinvest Establishment serves as holding for all bank shares. Family Frick is the majority stake holder.

 

After a successful career in international banking and fiduciary services, Kuno Frick senior founded in December 1998 Bank Frick & Co. AG. Due to his wide experience and excellent connections, Bank Frick proved an immediate success.

 

Since then, the bank’s assets under management have risen steadily. New business segments are continuously being added to the bank’s service portfolio, while existing ones are constantly being refined.

 

In autumn 2011, Bank Frick’s international presence was significantly enhanced with the opening of Bank Frick UK Branch in Mayfair, London.

Up until now it was mostly banker suicides. With the first open bank CEO murder, one wonders if there will be a change in the pattern.

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Mon, 04/07/2014 - 10:07 | 4631992 MillionDollarBoner_
MillionDollarBoner_'s picture

Frick In Hell!!!

I know...but it was just there...I had to do it ;o)

Am I a bad person ?:O(

Mon, 04/07/2014 - 10:09 | 4632003 Federizzle
Federizzle's picture

All in all, he was just another Frick in the Wall... 

Mon, 04/07/2014 - 10:11 | 4632015 MillionDollarBoner_
MillionDollarBoner_'s picture

And Juergen Hermann...that's a made up name, surely? Like Biggus Dickus or Incontinentia Buttux?

Mon, 04/07/2014 - 10:16 | 4632032 Pladizow
Pladizow's picture

Once is happenstance, twice is coincidence, but three times is enemy action.” – Ian Flemming, Creator of James Bond

So what is it called when it has happened 13 times?

Mon, 04/07/2014 - 10:18 | 4632045 MillionDollarBoner_
MillionDollarBoner_'s picture

...a bad run of luck...?

Mon, 04/07/2014 - 10:22 | 4632057 BaBaBouy
BaBaBouy's picture

BANKSTERS ... R.I.P.

Mon, 04/07/2014 - 10:24 | 4632070 Pladizow
Pladizow's picture

Nope, I got it - Its called a Bankers Dozen!

Mon, 04/07/2014 - 10:27 | 4632085 BaBaBouy
BaBaBouy's picture

SHIT... There Will Be No Bankers left???

How Will We Survive ?????

Hint: Atomic # 79...

Mon, 04/07/2014 - 10:27 | 4632095 SilverIsKing
SilverIsKing's picture

"Investigators are questioning why the underground garage was not declared a gun free zone."

Mon, 04/07/2014 - 10:30 | 4632110 BaBaBouy
BaBaBouy's picture

PTBD...

"Post Traumatic Banking Disorder"

Mon, 04/07/2014 - 10:31 | 4632116 Manthong
Manthong's picture

“a Bankers Dozen”

Somebody please put in an order for a pallet load.

Mon, 04/07/2014 - 10:37 | 4632140 spastic_colon
spastic_colon's picture

"Juergen Hermann, fled the scene in a Smart car with Liechtenstein number plates"

 

"The police were able to quickly apprehend Mr. Hermann after a short chase on their bicycles"

Mon, 04/07/2014 - 10:48 | 4632193 Divided States ...
Divided States of America's picture

Nothing changes till this happens to a Dimon or a Blankfiend. They may finally stop the pillaging only when their own safety is in danger.

Mon, 04/07/2014 - 10:54 | 4632221 Latina Lover
Latina Lover's picture

Whoever is ridding the world of banksters,  thank you.

Mon, 04/07/2014 - 11:02 | 4632248 12ToothAssassin
12ToothAssassin's picture

Balzers.

Mon, 04/07/2014 - 11:25 | 4632368 eclectic syncretist
eclectic syncretist's picture

Maybe the shooter just didn't read Bill Black's book beforehand?

http://www.amazon.com/The-Best-Way-Rob-Bank/dp/0292721390

Mon, 04/07/2014 - 11:28 | 4632392 saveandsound
saveandsound's picture

There is a movie about that... http://www.imdb.com/title/tt2368553/

Mon, 04/07/2014 - 13:00 | 4632709 J S Bach
J S Bach's picture

The lieutenants are droppin' like flies.  Something big's going to break soon.

Mon, 04/07/2014 - 15:47 | 4633276 BellyBrain
BellyBrain's picture

Notice that it is only the smaller underlings that are getting offed?  This isn't the actions of some secret "good guy" group, it is the parasites making sure that anyone who they don't have total control over is removed from the game board.

Mon, 04/07/2014 - 16:17 | 4633371 12ToothAssassin
12ToothAssassin's picture

Ow my Balzers!

Mon, 04/07/2014 - 17:12 | 4633550 espirit
espirit's picture

Papalcy demands gold or blood.

Mon, 04/07/2014 - 13:00 | 4632712 Xibalba
Xibalba's picture

Great flick.. might watch it again tonight.  

Tue, 04/08/2014 - 02:07 | 4634847 CheapBastard
CheapBastard's picture

I liked the surprise ending.

Tue, 04/08/2014 - 02:16 | 4634855 Tall Tom
Tall Tom's picture

The movie is just "Hopeium" produced by the Hollywood Propaganda media.

 

Your level of participation is up to you....in complicity or non-compliance.

 

Choose wisely.

Mon, 04/07/2014 - 13:00 | 4632714 Xibalba
Xibalba's picture

popcorn

Mon, 04/07/2014 - 14:28 | 4633034 Son of Loki
Son of Loki's picture

"The allegedly used shitgum was found at the scene of the alleged crime by the alleged gum man."

Mon, 04/07/2014 - 17:09 | 4633543 Squid-puppets a...
Squid-puppets a-go-go's picture

I personally believe the murderer was a manager of their Human Resources department

Today's HR culture is very keen to ensure employees know how strict they are about maintaining political correctness 

Mon, 04/07/2014 - 19:14 | 4633952 BTFDemocracy
BTFDemocracy's picture

"with a special focus lying on client advisory" ... they said it.

Mon, 04/07/2014 - 21:01 | 4634278 The Big Ching-aso
The Big Ching-aso's picture

Well at least Frack appears to be safe and sound.

Mon, 04/07/2014 - 11:25 | 4632370 SilverIsKing
SilverIsKing's picture
"CEO Of Liechtenstein Bank Frick Murdered In Broad Daylight"

Broad daylight in an underground garage?

Mon, 04/07/2014 - 13:31 | 4632827 deKevelioc
deKevelioc's picture

Where was Simon Black at the time of the murder?

Mon, 04/07/2014 - 15:55 | 4633306 August
August's picture

>>>Where was Simon Black at the time of the murder?

Mr. Black is at his residence, Sovereign Valley Farm, Chile, currently enjoying a fine cognac and stroking his white Persian cat.

Mon, 04/07/2014 - 23:16 | 4634631 Grom Hellscream
Grom Hellscream's picture

So they've given up on the "Suicide by nailgun" thingy?

Mon, 04/07/2014 - 11:26 | 4632376 Keyser
Keyser's picture

So what is it called when it has happened 13 times?

A good start?  Let the purge continue... Every revolution needs an enemy, why not the banksters as they are the reason the world is in such a plight. 

 

 

Mon, 04/07/2014 - 12:39 | 4632644 Herd Redirectio...
Herd Redirection Committee's picture

All thats happening right now is evidence is being erased.   Or silenced, as it were.

I would prefer justice, and then punishment, rather than punishment in lieu of justice.

Mon, 04/07/2014 - 13:33 | 4632836 Papasmurf
Papasmurf's picture

Exactly.  Dead men don't talk.

Tue, 04/08/2014 - 03:22 | 4634890 Squid-puppets a...
Squid-puppets a-go-go's picture

why dont these fuckers learn to send a fareweell email with a 'do not send until...' delay - that way the police and powers cant snuff out the final message as always fucking happens

they trade stocks by hft, but when it comes to a suicide not they use a bloody quill and parchment

Mon, 04/07/2014 - 13:48 | 4632890 RaceToTheBottom
RaceToTheBottom's picture

This one is interesting, in that we know the reason and the rough duration of percolation. 

Given that older "reason" and extrapolating the amount of "new reasons" available and applying the applicable percolation timeframe, we should see an increasing amount of attacks, possibly approaching parabolic.

Mon, 04/07/2014 - 20:02 | 4634114 Tall Tom
Tall Tom's picture

Every revolution needs an enemy, why not the banksters as they are the reason the world is in such a plight. 

 

Keyser...That is NOT TRUE. That is a PARTIAL TRUTH.

 

The reason that the United Staes and, thus, the rest of the World is in such a plight is the INHERENT FRAUD AND DISHONESTY.

 

For all of those Bankers whom made those DISHONEST FRAUDLENT LOANS there were many PEOPLE whom initiated those "Liar's Loans" out of pure unadulterated GREED. They KNOWINGLY entered into those contracts without having any means to pay for those homes. They were COMPLICIT in the fraud. They were dishonest.

 

It will be fun shooting them too when it all collapses. They are as much of the enemy as the banksters.

 

Your level of participation is up to you whether it is a choice of complicity or a choice of resistance to fraud and dishonesty.

 

There are many bullets to be shared.

Mon, 04/07/2014 - 11:28 | 4632388 saveandsound
saveandsound's picture

There is a movie about that... http://www.imdb.com/title/tt2368553/

Mon, 04/07/2014 - 12:12 | 4632560 Jonas Parker
Mon, 04/07/2014 - 20:58 | 4634269 83_vf_1100_c
83_vf_1100_c's picture

"Balzers"

 

I heard that in the Inspector Gadget "Wowsers"! voice.

Tue, 04/08/2014 - 05:03 | 4634934 ilion
ilion's picture

I wonder whether he was able to take his gold Hell?

Mon, 04/07/2014 - 11:23 | 4632339 oddjob
oddjob's picture

Could be the songbirds are dying, they can't sing when dead.

Mon, 04/07/2014 - 11:27 | 4632360 Bananamerican
Bananamerican's picture

My theory:

An "Avengers" style hit squad of intelligence service members, w. grievance (national or personal) or perhaps embolded Bilderberg operatives.

It's just all too "black-ops-ish"

...or the Devil made them do it...

Is there a compilation on what kind of banker folks these were?

whistleblowers? consciencious? bastards? psychos?

Mon, 04/07/2014 - 11:34 | 4632422 XitSam
XitSam's picture

My theory: Another Joseph Stack. Expect more people to take a final action as things unwind. And not just at bankers.

Mon, 04/07/2014 - 12:41 | 4632647 Herd Redirectio...
Herd Redirection Committee's picture

I'd say 1 or 2 of the deaths have been coincidence, circumstance, bad luck, fate.  But most of them, no.  One way to keep 5 men quiet is to make an example out of 1 of them.

Mon, 04/07/2014 - 13:35 | 4632841 Papasmurf
Papasmurf's picture

Another way to keep five men quiet is to murder three men and suicide two more.  At the end, the one who made the list for the boss will die too.

Mon, 04/07/2014 - 14:47 | 4633076 BigJim
BigJim's picture

Advice to 2nd in command who's given orders like this: kill your superiors too, and then blow some whistles.

But then I guess if you follow orders, you don't give a fuck about humanity, do you? 

Mon, 04/07/2014 - 12:46 | 4632668 Wahooo
Wahooo's picture

That's what happens when the regulatory firewalls come down. No other recourse to criminality really.

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