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Chairman Of China's Largest Copper Producer Commits Suicide By Jumping From Hotel

Tyler Durden's picture




 

While news of high-ranking financial executive suicides in the west have become week to week news, the troubling trend has spread to Asia. A string of Chinese officials have killed themselves in recent months, with speculation linking many to a crackdown on graft. However, as SCMP reports, this weekend saw the head of China's largest copper producer 'fell to this death' from a hotel owned by his company with a state-run newspaper claiming the 52-year-old committed suicide (due to work pressures) following corruption allegations. The timing of Wei Jianghong, chairman of state-owned Tongling Nonferrous Metals Group, suicide appears catalyzed by the growing anxiety over the widespread implications of China's rehypothecation commodity-finance scandal. That leaves one question - what did he know that markets remain ignorant of for now?

Profile: Mr. Jianghong Wei serves as Chairman and Chief Executive Officer of Tongling Nonferrous Metals Group Co., Ltd

Mr. Wei serves as the Chairman of the Board of Tongling Nonferrous Metals Group Holdings Co., Ltd. He served as a General Manager of Tongling Nonferrous Metals Group Holdings Co., Ltd. Mr. Wei worked for Tongling Nonferrous Metals (Group) Corporation as Deputy Manager, Director of the Economics and Trade Department, and Party Secretary from May 1998 to January 2003; Deputy Secretary of the Party Committee, and Deputy Manager from January 2003 to April 2003; General Manager and Deputy Secretary of the Party Committee from April 2003 to April 2007; and Chairman of the Board, General Manager. He has been Deputy Secretary of the Party Committee of Tongling Nonferrous since April 2007. He serves as the Chairman of Tongling Jinvi Copper Corp. Mr. Wei has a Master of Business degree and is a senior engineer (mining).

 

As The South China Morning Post reports,

The head of a US$2 billion Chinese copper producer fell to his death from a building, the firm announced on Wednesday, with a state-run newspaper claiming he committed suicide following corruption allegations.

 

The chairman of state-owned Tongling Nonferrous Metals Group, Wei Jianghong, died on Tuesday after falling off a building, the company said in a statement.

 

A string of officials have killed themselves in recent months, with speculation linking some to a crackdown on graft launched by President Xi Jinping after he took office last year.

 

State-run media said Wei jumped from a hotel owned by the company in Tongling, the city in the eastern province of Anhui where it has its headquarters.

 

The China Business News quoted a source as saying the incident might involve corruption since disciplinary authorities had initiated an investigation involving Tongling.

It seems when the graft stops and the rehypothecation miracle ends... companies get in trouble...

Tongling’s profits have declined in recent years due to the sluggish world economy and slower domestic demand, reports said.

 

Its net profit for last year slumped 38 per cent year-on-year to 573 million yuan (HK$721 million), according to an exchange filing.

 

Shares of Tongling, listed on the Shenzhen stock exchange, were down more than four per cent on Wednesday afternoon after the announcement, but its market capitalisation was still 12.7 billion yuan.

 

Tongling said authorities were investigating the incident and the board had appointed vice-chairman Yang Jun as acting chairman. It added company operations were normal.

This is not the first executive related to this industry to commit suicide...

In April the deputy chief of the government agency that fields grievances from citizens, Xu Ye’an, killed himself in his Beijing office although the details surrounding his death remain unclear.

 

State media also reported that Li Wufeng, deputy director of the government information department, “fell to death”, also in April.

Which makes us wonder - if the Qingdao probe and commodity-finance scandal is a storm-in-a-teacup as so many would like it to be, then why are the most senior executives of the biggest firm involved committing suicide?

Who's next?

 

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Wed, 06/25/2014 - 12:43 | 4893856 gh0atrider
gh0atrider's picture

And another piece of the global ponzi begins to unwind...

Got Bitcoin?

Wed, 06/25/2014 - 12:44 | 4893868 pelican
pelican's picture

You ashooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooole.  Splat

 

 

Wed, 06/25/2014 - 12:45 | 4893872 THX 1178
THX 1178's picture

What's he know that we don't (yet)?

Wed, 06/25/2014 - 12:50 | 4893892 hedgeless_horseman
hedgeless_horseman's picture

 

 

How does one say defenestration in Mandarin?

Yu No Flu Now Goo

Wed, 06/25/2014 - 12:54 | 4893928 DoChenRollingBearing
DoChenRollingBearing's picture

There is lots & lots of corruption in China.  And the punishment is very harsh (if the perp is not an insider or the regulators need a fall-guy).  There may be lots more of this to come.

I wonder when gold frauds start there...?

Wed, 06/25/2014 - 13:08 | 4894020 Xibalba
Xibalba's picture

What?  No Nailgun?

Wed, 06/25/2014 - 13:25 | 4894042 BaBaBouy
BaBaBouy's picture

"What's he know that we don't (yet)?"

Tonnes Of Paper, Butt The Physical COPPER Is GONE, GONE...

Wed, 06/25/2014 - 13:31 | 4894132 Divided States ...
Divided States of America's picture

At least this guy had the conscience that he did something wrong and punished himself for it, whether it was the easy way out or not.....I am waiting for the days when the likes of Icahn, Fink, Ackman, Tepper, Bernanke, Rubin, Summers, Yellen, Greenspan do the same thing....spot the similarities??

Wed, 06/25/2014 - 13:54 | 4894251 freewolf7
freewolf7's picture

It's about taking charge, taking control of your destiny, and just going ahead and starting that next life, replete with all the lessons you learned from this one. Our leaders could learn a thing or two from these wise men of the East. Might as well jump, go ahead and jump.

Wed, 06/25/2014 - 13:55 | 4894268 DaddyO
DaddyO's picture

In another thread, Yen Cross said it could be raining bankers. Who'd a thunk it would be chinese executives?

So much for my theory of oiling the nail guns and posting them on eBay for the banking elite.

Go long High Rise Ledges!

DaddyO

Wed, 06/25/2014 - 13:59 | 4894289 Chief KnocAHoma
Chief KnocAHoma's picture

Rook... rup in re sky... is a plane... is a bird... Rho shit... is a rucking falling slope.

Wed, 06/25/2014 - 14:30 | 4894461 Pooper Popper
Pooper Popper's picture

Chief,

 

Hahahahahaha,-thats funny

Ora noe!

Wed, 06/25/2014 - 15:08 | 4894618 Manthong
Manthong's picture

The good thing is that the guy seemed to have a conscience.

The bad thing is it seems like he did have the courage to address the system that got him into a very bad predicament.

My sympathies to his family no matter how well he left them.

Wed, 06/25/2014 - 15:31 | 4894736 RaceToTheBottom
RaceToTheBottom's picture

Conscience or no conscience, same to me.  

To me the only difference is whether the Bankster jumpers have those little plastic ties around their hands and legs.  That might be a US requirement

Wed, 06/25/2014 - 17:20 | 4895271 Manthong
Manthong's picture

Undertand.

..pretty hard to fllap when that consticted.

Wed, 06/25/2014 - 20:02 | 4895839 Keyser
Keyser's picture

I take it you assume he jumped... 

 

Wed, 06/25/2014 - 17:11 | 4895235 August
August's picture

And if this your first time out on the ledge, you have to jump.

Wed, 06/25/2014 - 13:54 | 4894260 ebworthen
ebworthen's picture

Nah.  The Wu's got together with the Wang's to eliminate the Wei.

Dead men tell no tales, and they now have a "fall guy" (pun intended).

Wed, 06/25/2014 - 14:05 | 4894318 Chief KnocAHoma
Chief KnocAHoma's picture

His hard drive crashed and he lost his emails. This was the honorable thing to do.

Wed, 06/25/2014 - 14:16 | 4894395 Freddie
Freddie's picture

I guess the building was

Fuk Too Hi

Wed, 06/25/2014 - 14:54 | 4894585 TheFourthStooge-ing
TheFourthStooge-ing's picture

Long Wei Daon

Wed, 06/25/2014 - 15:02 | 4894614 Son of Loki
Son of Loki's picture

He'd rather jump to his death then reveal the Big Fish behind him feeding him the bribes I suspect. He evidently missed that day in class when they taught the "Lois Lerner Methods of Losing Info."

Wed, 06/25/2014 - 18:09 | 4895438 Freddie
Freddie's picture

My guess is these guys in China are probably thrown off the building by thugs.  Alternatively, they are given the choice of killing themselves or having their families killed by the Triads or others.   Sad stuff.   The USA is just a corrupt joke.

Wed, 06/25/2014 - 14:39 | 4894518 Flagit
Flagit's picture

Kurds and Wei.

Whoops, wrong thread.

Wed, 06/25/2014 - 13:29 | 4894123 NoDebt
NoDebt's picture

<---- I got the nail gun right here.  I take it with me everywhere.  Never know when you're gonna need it.

Wed, 06/25/2014 - 13:11 | 4894041 Frank N. Beans
Frank N. Beans's picture

you said fall-guy.  ha ha

Wed, 06/25/2014 - 13:24 | 4894101 DoChenRollingBearing
DoChenRollingBearing's picture

Geez, I missed that.  Inadvertent joke.

Bearings are clueless.

Wed, 06/25/2014 - 14:44 | 4894527 MeMongo
MeMongo's picture

DoChen

HAHAHAHA....You said "fall- guy"

edit; ooops been said done that-my bad- still funny though

Wed, 06/25/2014 - 12:55 | 4893934 Four chan
Four chan's picture

what a great word, thanks.

de·fen·es·tra·tion d??fen??str?SH?n/ noun   
  1. 1. formalhumorous the action of throwing someone or something out of a window. "death by defenestration has a venerable history"
  2. 2. informal the action of dismissing someone from a position of power or authority. "that victory resulted in Churchill's own defenestration by the war-weary British electorate"

 

Wed, 06/25/2014 - 13:00 | 4893971 ConManipulation
ConManipulation's picture

Finestra is Italian for "window"...

Never knew this word before though, either...

Wed, 06/25/2014 - 13:25 | 4894107 Herd Redirectio...
Herd Redirection Committee's picture

Fenster, german for window.

Venster, Dutch/Afrikaans for window (pronounced the same as the German).

Fenetre, French for window.

 

Wed, 06/25/2014 - 15:18 | 4894677 jon dough
jon dough's picture

Painted Black Rectangle On Side Of Building must be Chinese for window

 

http://www.dailymail.co.uk/news/article-2474999/Dont-expect-room-view-Bu...

Wed, 06/25/2014 - 13:01 | 4893975 The Proletariat
The Proletariat's picture

Falling or being thrown out of a window typically does not result in death....it is the landing that kills.

Wed, 06/25/2014 - 13:07 | 4894021 Latina Lover
Latina Lover's picture

I'll start to pay attention when the Fed Reserve Banksters practise swan diving without a safety net.

Wed, 06/25/2014 - 13:19 | 4894075 Eyeroller
Eyeroller's picture

Black swan diving...

Wed, 06/25/2014 - 13:11 | 4894048 666
666's picture

It gives new meaning to the word "gardyloo."

Wed, 06/25/2014 - 15:59 | 4894899 Phuk u
Phuk u's picture

Four, you have to admire the English for something.

 

Wed, 06/25/2014 - 12:50 | 4893897 Mr Pink
Mr Pink's picture

Any chance the Clintons, Bushes and Obamas own a huge copper mine and a windowless high rise hotel with narrow ledges?

Wed, 06/25/2014 - 12:52 | 4893914 Canadian Dirtlump
Canadian Dirtlump's picture

They have pics of the execs of most of the mines high on their drug of choice fucking their particular object of lust so they don't need to own them.

 

THey probably more likely have warehouses full of actual metal precious and otherwise while everyone else plays the paper shuffle game.

Wed, 06/25/2014 - 13:03 | 4893966 Hongcha
Hongcha's picture

He authorized padding the output inventory books.  He was in cahoots and got cornered and took the honorable way out.

You notice this is rehypoth copper.  Why don't they use Au or even Ag as collateral ?

Because there is not enough of it in the PRC.  Because the paper price has been driven down so long, Au and Ag bullion have become progressively harder to get in size.

What will happen is the gold-clad coinage will become even more rampant in China until there are jiade coins flooding the markets.  Chinese buyers will go West because the .999 bullion will drop out of sight in the PRC (bad money drives out good) and become impossible to obtain.

We will see buyers with cash arriving on our shores and they will buy out the Main Street coin shops and weekend coin shows in one fell swoop, spending 100's of thousands in cash at a time and walking out with entire inventories.

They will be (relatively) small-fry bagmen with only a few million to spend.

Prepare accordingly.

All jmvho.

Wed, 06/25/2014 - 13:05 | 4893998 DoChenRollingBearing
DoChenRollingBearing's picture

Hongcha

A very interesting scenario.  + 1

 

If we start hearing stories of this in California (first stop for many from China), then that may be the "Last Call" for physical gold!

Wed, 06/25/2014 - 15:38 | 4894763 RichardENixon
RichardENixon's picture

Those "Cash for Gold" ads seem to have disappeared from the TV. Maybe this is the next phase.  Edit: I accidentally up arrowed my own post and it took. After being here for over 4 years I never realized that was possible. Not that I would do it again of course.

Wed, 06/25/2014 - 22:47 | 4896466 bilbert
bilbert's picture

Of course not - you are not a crook!

Same thing has happened in my area - all the "Cash for Gold" joints are now e-cig/vape businesses.

It seems that all the Gold held by folks selling off their inherited jewellery, is long gone.

Of course, if a SECOND recession (/sarc) should occur, that may change, same thing if Gold should be repriced to reality.

 

Wed, 06/25/2014 - 12:58 | 4893956 Luckhasit
Luckhasit's picture

No such luck.  Since the Clintons were able to ghost over 100 people, I don't think there is a building high enough unless its the Tower of Babel.

As for Bush, we know what he did.

Wed, 06/25/2014 - 17:32 | 4895335 ceilidh_trail
ceilidh_trail's picture

arkancide.com

Wed, 06/25/2014 - 12:50 | 4893898 Canadian Dirtlump
Canadian Dirtlump's picture

So I guess one would think that in this case, you probably have somebody doing the satanic swan dive because of this whole rehypothecation square dance. Why? because the chinese government wouldn't think twice about pulling an execution bus up to this guy's office and executing him.

 

This would be in contrast to the concept of the western bankers perhaps being "suicided" because lord knows they won't be held accountable here.

 

Interesting food for thought.

Wed, 06/25/2014 - 12:54 | 4893929 camaro68ss
camaro68ss's picture

Sum ting Wong mudafuka?

Wed, 06/25/2014 - 13:35 | 4894152 Pumpkin
Pumpkin's picture

He knows how much you have to steal from a rich man before he decides to kill you.

Wed, 06/25/2014 - 14:32 | 4894468 Flagit
Flagit's picture

 

What's he know that we don't (yet)?

 

That Gravity Kills.

Hey Hey Hey I'm guilty and you're guilty too

Wed, 06/25/2014 - 12:52 | 4893907 Da Yooper
Da Yooper's picture

Ya know

 

It's not the fall that kills ya

 

It's that sudden stop

Wed, 06/25/2014 - 14:50 | 4894572 Groundhog Day
Groundhog Day's picture

looks like 14 others are going to get suicided

Wed, 06/25/2014 - 12:55 | 4893933 DoChenRollingBearing
DoChenRollingBearing's picture

gh0atrider

Yes.

Wed, 06/25/2014 - 12:59 | 4893964 The Endless Pump
The Endless Pump's picture

Finally the west exports something back to Asia.

Wed, 06/25/2014 - 14:43 | 4894540 Berspankme
Berspankme's picture

Lois Lerner are you watching? #dothehonorablething

Wed, 06/25/2014 - 14:48 | 4894564 BandGap
BandGap's picture

Have to have a fall guy for these things.

Or a nail gun guy. Pick.

Wed, 06/25/2014 - 18:12 | 4895450 Buck Johnson
Buck Johnson's picture

It looks like it's about to implode doesn't it.

 

Wed, 06/25/2014 - 12:43 | 4893858 alien-IQ
alien-IQ's picture

This is a trend that I would really love to see catch on in the US among CEO's. You know, to give the people a reason to celebrate...and for the children. Always for the children.

Wed, 06/25/2014 - 12:54 | 4893931 _disengage_
_disengage_'s picture

If a few % of people would disengage the economy on all non-essential functions, even share buybacks wouldn't be able to hide the lies anymore.

Strikes and violence are tactics the "system" wants you to use, because they are understood and can be broken easily. By not spending (general boycott basically) our hard earned capital on crap, the game ends real fast. Any intervention to force us into the market would expose (even more) the naked emporer.

Wed, 06/25/2014 - 13:29 | 4894125 Herd Redirectio...
Herd Redirection Committee's picture

Yep.  Start w/ specific boycotts, like fast food, Wal Mart, Israeli-produced goods, then work your way up to not using a TBTF bank.  Hold dollars, but not ONLY dollars.

Wed, 06/25/2014 - 13:57 | 4894279 Chump
Chump's picture

I cut out the TBTFs first, personally.  Admittedly, it was easier for me than probably most because my firm's annual revenues are well under a quarter million.  Doesn't even register with BB&T, but it means a lot to me to not have a zombie bank handling my accounts.

Wally World?  Lol...I don't even go there for ammo anymore.  Takes too long to recover from the trip.

Wed, 06/25/2014 - 14:21 | 4894420 Chief KnocAHoma
Chief KnocAHoma's picture

Israeli produced goods? You mean dollars, banks, minorhas, slutty girls? Please be more specific.

Wed, 06/25/2014 - 18:35 | 4895540 logicalman
logicalman's picture

Let's see...

No car

No cell phone

No credit card

no TV

no debt

Credit union account - not bank

Cook from scratch 95% of the time.

Grow food

Brew beer

Am I disengaged?

Wed, 06/25/2014 - 14:46 | 4894551 Goldilocks
Goldilocks's picture

The Hunger Games: Mockingjay Official Trailer HD
http://www.youtube.com/watch?v=8e2xY0pMz70 (2:03)

The Hunger Games Catching Fire Deleted Scenes from the DVD
http://www.youtube.com/watch?v=HeB1lOICTu4 (4:33)

Wed, 06/25/2014 - 14:45 | 4894250 Chump
Chump's picture

You'd have to actually prosecute people for corruption for it to catch on here.  China isn't any more or less corrupt than the US overall (in my opinion of course, and I stand to be corrected by anyone with more experience).  It's just that the penalties for not knowing the right people are a tad bit more harsh (e.g. death).

Were we to actually start prosecuting silly things like fraud and theft, we might see the added benefit of criminals offing themselves in this manner before wasting public monies on a trial.  A win-win of sorts.

Wed, 06/25/2014 - 14:26 | 4894444 MidwestJester
MidwestJester's picture

If I had one wish this holiday season...

Wed, 06/25/2014 - 12:45 | 4893873 SmilinJoeFizzion
SmilinJoeFizzion's picture

He gone

Wed, 06/25/2014 - 12:51 | 4893877 ENTP
ENTP's picture

For those who don't know, China deals with massive financial coruption by strapping the guilty to a gurney and pumping them full of a lethal cocktail.  It appears the Chairman chose a slightly different means of arriving at the same fate.

China knows how to slaughter its piggies, I'm sure it will eventually be another thing the US will import after the Fed explodes the economy.

Wed, 06/25/2014 - 13:11 | 4894024 29.5 hours
29.5 hours's picture

 

"China deals with massive financial coruption by strapping the guilty to a gurney and pumping them full of a lethal cocktail"

That is a new product called "Justice®". 

I wish we could import that product from China but there appears to be some sort of tariff wall in the way.

 

 

Wed, 06/25/2014 - 13:10 | 4894037 TheReplacement
TheReplacement's picture

That is a blatant lie.  They shoot them in the back of the head.  Bullets are cheaper.

Wed, 06/25/2014 - 12:46 | 4893878 John McCloy
John McCloy's picture

WI Tu Hi?

Wed, 06/25/2014 - 13:03 | 4893988 ParkAveFlasher
ParkAveFlasher's picture

No Yu Tu Lo. 

Wed, 06/25/2014 - 13:20 | 4894083 Squid Viscous
Squid Viscous's picture

Bang Ding Ow!

Wed, 06/25/2014 - 14:04 | 4894312 ParkAveFlasher
ParkAveFlasher's picture

Han No Flap

Wed, 06/25/2014 - 14:24 | 4894441 DoChenRollingBearing
DoChenRollingBearing's picture

Ow Mai Bawz!

Wed, 06/25/2014 - 16:10 | 4894973 Phuk u
Phuk u's picture

Lon Wei Dan

Wed, 06/25/2014 - 12:46 | 4893880 Amish Hacker
Amish Hacker's picture

Looks like it's time to go long nailguns and sidewalk cleaning products.

Wed, 06/25/2014 - 13:07 | 4894014 TVP
TVP's picture

At least no one raises any supicions, when you kill yourself with a nailgun.  

 ...sum ting wong

Wed, 06/25/2014 - 13:23 | 4894099 Mesquite
Mesquite's picture

He couldn't wait for the 'organ van'...

Wed, 06/25/2014 - 23:06 | 4896522 StychoKiller
Wed, 06/25/2014 - 12:46 | 4893883 youngman
youngman's picture

What is a copper producer doing owning a hotel??????  sounds like a stretch of an investment to me...

Wed, 06/25/2014 - 13:07 | 4894013 DoChenRollingBearing
DoChenRollingBearing's picture

Diversification!  Money laundering!  Many reasons...

Wed, 06/25/2014 - 14:07 | 4894271 HardlyZero
HardlyZero's picture

The whole point is the commodity companies own the banks (since they have "collateral")...so can run everything over there.

Expect many future broad outcomes that occur over all Chinese industries, like a massive crash or RESET.

Might impact Asia, Australia, Brazil...

Wed, 06/25/2014 - 14:19 | 4894412 DoChenRollingBearing
DoChenRollingBearing's picture

... Peru...

+ 1

Wed, 06/25/2014 - 15:10 | 4894654 NoTTD
NoTTD's picture

Wiring.

Wed, 06/25/2014 - 12:49 | 4893894 Kprime
Kprime's picture

It feels soooo goood on the way up.  He didn't stick around to say how it felt on the way down.  We may never know.

Wed, 06/25/2014 - 12:50 | 4893901 DaveyJones
DaveyJones's picture

"wealth falls on some men as copper down a drain" - Seneca 

Wed, 06/25/2014 - 12:51 | 4893904 mtndds
mtndds's picture

jump fucker, jump!!

Wed, 06/25/2014 - 12:51 | 4893910 RiskyBidness
RiskyBidness's picture

All he had to do was BTFD and everything would have been fine!!

Wed, 06/25/2014 - 12:52 | 4893912 RiskyBidness
RiskyBidness's picture

All he had to do was BTFD and everything would have been fine!!

Wed, 06/25/2014 - 13:19 | 4894082 Eyeroller
Eyeroller's picture

Maybe he knew that soon that would no longer work...

Wed, 06/25/2014 - 12:52 | 4893913 ZeroFreedom
ZeroFreedom's picture

Is that not cheating the nail gun. 

Wed, 06/25/2014 - 13:14 | 4894058 Crawdaddy
Crawdaddy's picture

ask not for whom the nailgun tolls

Wed, 06/25/2014 - 12:53 | 4893916 The Limerick King
The Limerick King's picture

 

 

This limerick goes out to Jianghong

The angels are singing his song

His fall from a roof

Is concealing the twoof

He apparently did Sum Ting Wong

 

Wed, 06/25/2014 - 12:56 | 4893945 Luckhasit
Luckhasit's picture

Ah.  Good to have you back chief.

Wed, 06/25/2014 - 16:12 | 4894989 Phuk u
Phuk u's picture

Dim sum ting wong

Wed, 06/25/2014 - 12:53 | 4893917 kowalli
kowalli's picture

It's popular in China and Russia=)

Wed, 06/25/2014 - 12:53 | 4893919 Conax
Conax's picture

Did he really jump or was he given a free flying lesson?

 The guy had to be fairly rich and could have just absconded to the less traveled regions of the far east with some hookers and blow.  I know I would rather party away a mil or two than splatter on a sidewalk.

Wed, 06/25/2014 - 12:57 | 4893953 DoChenRollingBearing
DoChenRollingBearing's picture

Hmm, good observation.  Maybe he was just too greedy.  Excess greed does that to some people, no matter how much they have, they just want moar...

Wed, 06/25/2014 - 14:35 | 4894491 Almost Solvent
Almost Solvent's picture

If he did jump on his own it was because he is a true family guy.

 

If you run off from China to escape punishment, you better bring your whole clan with you because the ones left behind will pay the price on your behalf.

 

 

Wed, 06/25/2014 - 14:10 | 4894352 Ludwig Von
Ludwig Von's picture

Chines love to gamble, with everything, also their lives. 

Wed, 06/25/2014 - 12:54 | 4893925 starman
starman's picture

Can someone get Yellen up the top of the  Empire state building? See what happens.

Wed, 06/25/2014 - 16:14 | 4895006 Phuk u
Phuk u's picture

About 6.8 on the Richter ?

Wed, 06/25/2014 - 12:54 | 4893932 paint it red ca...
paint it red call it hell's picture

Odd, it seems the Suicide by Gravity contagion has not yet run its course.

 

There is still hope however, Suicide by Nail Gun is still yet an aberration having not developed into an epidemic.

Wed, 06/25/2014 - 13:10 | 4894036 TVP
TVP's picture

The THIRD nailgun comment yet, and it still hasn't gotten old.  

Wed, 06/25/2014 - 12:55 | 4893935 Top Gear
Top Gear's picture

Jump! ~Van Halen

Wed, 06/25/2014 - 12:55 | 4893938 SmilinJoeFizzion
SmilinJoeFizzion's picture

The CHinese judge gave him a 9.5 for the dismount but unfortunately he didn't stick the landing. The landing stuck him

Wed, 06/25/2014 - 12:56 | 4893942 Meat Hammer
Meat Hammer's picture

Rook out berow!

Wed, 06/25/2014 - 12:58 | 4893959 Fix It Again Timmy
Fix It Again Timmy's picture

Wei U Jump.....

Wed, 06/25/2014 - 13:02 | 4893978 I Write Code
I Write Code's picture

"You'll have to come in and get me copper!"

Wed, 06/25/2014 - 13:59 | 4894288 HardlyZero
HardlyZero's picture

He dropped a penny and was reaching over to pick it up and did not realize how high up he was.

Wed, 06/25/2014 - 13:03 | 4893982 tuttisaluti
tuttisaluti's picture

If we have death penalty for murders, what should we have for people who bring the whole us to it's knees?

Wed, 06/25/2014 - 13:21 | 4894086 Jethro
Jethro's picture

I propose that their genetic contribution (children, grandchildren), perish with them.

Wed, 06/25/2014 - 15:15 | 4894673 Flagit
Flagit's picture

The Lincoln Memorial

Wed, 06/25/2014 - 13:05 | 4893999 screw face
screw face's picture

WHAT no nail guns over there!

Wed, 06/25/2014 - 13:05 | 4894003 vote_libertaria...
vote_libertarian_party's picture

But was his splat....BETTER THAN EXPECTED!!!

Wed, 06/25/2014 - 13:06 | 4894006 robertocarlos
robertocarlos's picture

Hope he fries.

Wed, 06/25/2014 - 13:09 | 4894034 Catullus
Catullus's picture

Did he scream Wwwweeeeeiiii all the way down?

Wed, 06/25/2014 - 13:09 | 4894035 toadold
toadold's picture

They wouldn't use a nail gun when it would be cheaper just to hire a couple of guys to whack the nails in with hammers.  If you use the right length of nails and pound them into the skull it is something like a lobotamy only worse; loss of eyesight, hearing, ability to speak, and etc.   The guy would proabably be happy to jump before he died.   

Wed, 06/25/2014 - 13:14 | 4894057 AdmTirpitz
AdmTirpitz's picture

Its so easy to jump when you get a little push first

Wed, 06/25/2014 - 13:15 | 4894062 Smiley
Smiley's picture

Bullish; mops and degreaser.

Wed, 06/25/2014 - 13:16 | 4894063 orangegeek
orangegeek's picture

funny - guess he won't be doing any talking now

Wed, 06/25/2014 - 13:31 | 4894069 Blazed
Blazed's picture

Me so sowwy, uh me so sowwy, me so sowwy, me not live long time.

Wed, 06/25/2014 - 13:19 | 4894076 davidalan1
davidalan1's picture

How Long is a Chinaman -

Wed, 06/25/2014 - 18:41 | 4895567 logicalman
logicalman's picture

How Hi is a Chinaman.

A real oldy.....

Hong Kong phone book has so many Wings and so many Wongs, you might wing the wong number.

Serously, no disrespect, if you can't laugh at yourself you should do what this guy did.

 

Wed, 06/25/2014 - 13:20 | 4894081 SmittyinLA
SmittyinLA's picture

maybe the missing copper was never produced rather than produced and disappeard, bullish inflation 

They probably lied about energy consumption too, because if you never refined the copper, you never consumed the energy needed to refine the copper, so either the energy was redirected or it was added to another layer of fraud, my guess is fraud. 

This would also explain how CNOOC can overpay for oil assets globally, they lie. 

Great strategy if you can keep it going, massive fraud losses cause inflation if they print to fix. then asset purchases can be paid off with fiat.

Wed, 06/25/2014 - 13:20 | 4894087 Eyeroller
Eyeroller's picture

Shades of 1929.

Wed, 06/25/2014 - 14:00 | 4894295 HardlyZero
HardlyZero's picture

Bingo RESET.

Wed, 06/25/2014 - 17:15 | 4895249 zipit
zipit's picture

Gangnam style

Wed, 06/25/2014 - 13:41 | 4894184 Undecided
Wed, 06/25/2014 - 13:43 | 4894192 Jack Burton
Jack Burton's picture

This is what happens to humans who become totally engaged in money. Now don't get me wrong, I like money, and work hard to make alots. But, I also have a life and a family, and those two I care more about that upping my income above necessary levels. Killing oneself because your money hoarding has hit a snag? Well, all I can say is, "if money is that important, then fucking kill yourself, you should have done it long ago, we will not miss you!"

Wed, 06/25/2014 - 14:22 | 4894428 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

Who would downtick that comment?

Wed, 06/25/2014 - 15:21 | 4894689 Flagit
Flagit's picture

Wasn't me, but this was the exact moment in time that I wondered how long it will be before Google Earth catches one of these events in action.

Wed, 06/25/2014 - 14:27 | 4894446 Jack D. Ripper
Jack D. Ripper's picture

How sadly true!

Now let's all join hands and sing Kumbaya.

Wed, 06/25/2014 - 13:55 | 4894238 Oldrepublic
Oldrepublic's picture

Looks like he got a grim diagnosis from Doctor Copper!

Wed, 06/25/2014 - 14:19 | 4894281 Bennie Noakes
Bennie Noakes's picture

The truth hit the papers, the shit hit the fan, and now CEO's are hitting the pavement.

Like pennies from heaven.

No golden parachute (or even a copper one) for him. He asked for one when he signed on, but they said "No Wei!"

Wed, 06/25/2014 - 13:57 | 4894282 Goldbugger
Goldbugger's picture

Looks like he knew where the 80 TONS went and took that information with him ....

Wed, 06/25/2014 - 13:58 | 4894284 NoTTD
NoTTD's picture

Headline should say "jumping".

Wed, 06/25/2014 - 13:59 | 4894286 Agent P
Agent P's picture

He decided to jump out of copper and into short-term concrete futures....looks like he timed the market and hit the bottom perfectly!

 

(I'm going to hell)

Wed, 06/25/2014 - 14:07 | 4894328 TalkToLind
TalkToLind's picture

Let me guess:  they stored their copper bullion with the Federal Reserve?

Wed, 06/25/2014 - 14:08 | 4894338 Liquid Courage
Liquid Courage's picture

Gawd, I miss Monty Python!

Suicide Sketch:

http://www.youtube.com/watch?v=au3kHUkqEgM

 

Wed, 06/25/2014 - 16:22 | 4895039 Phuk u
Phuk u's picture

Might be lost on the Shermans LC

Wed, 06/25/2014 - 14:13 | 4894372 esum
esum's picture

committing or BEING.... 

buy copper

cash in l/c with forged docs

sell copper offshore at discount for quick turn

hypothecate phantom copper locally, perhaps multiple times

REPEAT...

new billionaire born.... with offshore bank account

escorted out window or off roof... confucius says if innocent you fly if not you die...

kinda like the recent bankster "jumpers"

.....next will be washing machine parts sold as jet engine parts

 

Wed, 06/25/2014 - 14:14 | 4894376 Yen Cross
Yen Cross's picture

     Wratch out berow >>>>>>>>>Sprat.

Wed, 06/25/2014 - 14:18 | 4894408 Colonel Klink
Colonel Klink's picture

Did he jump twice?

Wed, 06/25/2014 - 14:27 | 4894450 BobRocket
BobRocket's picture

That's a dead pool right there,

 

I've got 2 BitCoins on Wenhai Zhang in August.

Checkout Assasination Politics on the DarkNet, the real meaning of the Internet has come of age.

 

 

Wed, 06/25/2014 - 14:39 | 4894513 Almost Solvent
Almost Solvent's picture

I've got 2 turntables and a microphone.

 

Wed, 06/25/2014 - 14:29 | 4894457 PGR88
PGR88's picture

And when he didn't die, he climbed back up to the top and jumped again!

Wed, 06/25/2014 - 14:33 | 4894477 studfinder
studfinder's picture

When i think of bankers jumping off tall buildings, it pains me to think we are losing such productive members of society. 

Wed, 06/25/2014 - 14:34 | 4894483 Ban KKiller
Ban KKiller's picture

He was acting alone in all the crimes. Trust me. Meanwhile, do you need a place to store your metals?

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