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28-Year Old Former JPMorgan Banker Jumps To His Death, Latest In Series Of Recent Suicides
Zero Hedge ^ | 3/18/14 | Tyler Durden

Posted on 03/18/2014 8:18:11 AM PDT by Nachum

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.


TOPICS: News/Current Events
KEYWORDS: banker; death; foreignexchange; gold; jpmorgan; jpmorganchase; libor; riggedmarkets; suicide
The Zero Hedge post on the suicide.
1 posted on 03/18/2014 8:18:11 AM PDT by Nachum
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To: Nachum

Dead Pool updated

http://www.nachumlist.com/deadpool.htm


2 posted on 03/18/2014 8:18:41 AM PDT by Nachum (Obamacare: It's. The. Flaw.)
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To: Nachum

When I first heard that another banker had hoffed himself, the first thought that hit me was, “I wonder if he was with JPM.”


3 posted on 03/18/2014 8:21:19 AM PDT by cuban leaf
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To: Nachum

Wow someone off themselves with a nail gun. I suppose that needs to be banned or have some nail gun control.

Appears they may know something is coming down the pike. 1 suicide I will accept but not that many. I am sure they won’t be the last. I wonder what they have known.


4 posted on 03/18/2014 8:21:52 AM PDT by Patriot Babe
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To: Nachum

I am aware of this story but I haven’t been following it closely. Has anyone tried to find links between all of these people?

I was in that world for a long time. I knew one guy who went missing shortly before an IPO that would have made him millions, but I can’t recall any suicides.

Are these Vince Foster “suicides?”


5 posted on 03/18/2014 8:32:10 AM PDT by .45 Long Colt
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To: Nachum
http://www.freerepublic.com/focus/f-news/3134448/posts
6 posted on 03/18/2014 8:35:34 AM PDT by Tolerance Sucks Rocks (The PASSING LANE is for PASSING, not DAWDLING)
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To: .45 Long Colt

I’m with you... I have no clue what’s causing this...


7 posted on 03/18/2014 8:37:22 AM PDT by GOPJ ("Fighter pilot manoeuvers"? One of the Saudi’s we trained in Texas years ago?)
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To: Patriot Babe

I’m hearing there’s a huge shortage of nails these days.


8 posted on 03/18/2014 8:49:36 AM PDT by Rich21IE
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To: Nachum

Are these guys obtaining strong “suggestions” to kill themselves, do they know things we don’t such as impending Greatest Depression, or are these actually murderers shrouded as suicides?

Way too many now to be coincidences.


9 posted on 03/18/2014 8:52:47 AM PDT by madison10
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To: Nachum
This article is nothing but a spurious correlation.

Roughly 39,000 people off themselves each year in the usa. 5.5 million people are employed in the banking and insurance industries. Figure half are wankers bankers. that's 2.75 million bankers out of 320 million people in the usa or .8594%. If we apply this to the number of suicides we would expect 335 bankers to suicide every year.

10 posted on 03/18/2014 8:55:56 AM PDT by from occupied ga (Your government is your most dangerous enemy)
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To: from occupied ga

“Roughly 39,000 people off themselves each year in the usa. 5.5 million people are employed in the banking and insurance industries. Figure half are wankers bankers. that’s 2.75 million bankers out of 320 million people in the usa or .8594%. If we apply this to the number of suicides we would expect 335 bankers to suicide every year. “

Thanks for taking the time to look this stuff up. I suspected this was the case, but didn’t care enough about it to do the legwork. I’m going to repeat your analysis on zerohedge as I have an login there.


11 posted on 03/18/2014 9:45:41 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: from occupied ga

I was surprised at that number of 39,000. I was thinking it was on the order of 20,000 to 25,000 (numbers I have a vague recollection of seeing).

What’s the source of the data. I’d like to go look at them.

Thanks.


12 posted on 03/18/2014 9:53:16 AM PDT by OldPossum ("It's" is the contraction of "it" and "is"; think about ITS implications.)
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To: OldPossum

I just looked on google. Don’t remember which of the many links had the final data.


13 posted on 03/18/2014 10:01:33 AM PDT by from occupied ga (Your government is your most dangerous enemy)
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To: from occupied ga
That proves nothing. There are lies, damn lies and statistics. This is a better explanation. Start at the 2:00 minute mark.

https://www.youtube.com/watch?v=czBIBEMuRQU

14 posted on 03/18/2014 12:02:12 PM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: SVTCobra03
There are lies, damn lies and statistics.

Frequently stated by those proudly ignorant who lack even a basic understanding of statistics.

15 posted on 03/19/2014 3:40:21 AM PDT by from occupied ga (Your government is your most dangerous enemy)
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To: from occupied ga

Also, people employed in the financial sector are 1.51 times more likely to commit suicide than an “average” person. CDC says about 170 per year I think? Couldn’t find the stats in a brief search.

http://www.businessinsider.com/most-suicidal-occupations-2011-10?op=1


16 posted on 03/19/2014 3:59:28 AM PDT by Drago
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To: Drago

Interesting. If its 170/yr or 335/yr looking at a dozen or so over the course of a couple of months and claiming a pattern just doesn’t hold water. It’s like listening to the anectodal “evidence” that anti-gunners invariably present at gun bill hearings. It isn’t a basis for anything.


17 posted on 03/19/2014 4:04:53 AM PDT by from occupied ga (Your government is your most dangerous enemy)
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To: from occupied ga

The correlation is not spurious. You’d have to compare the recent spate of suicides to the general historical rate of suicide among young, healthy, successful investment bankers to get a better picture.


18 posted on 03/23/2014 5:38:41 AM PDT by Renfield (Turning apples into venison since 1999!)
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To: madison10; Nachum; Patriot Babe; GOPJ

Joseph Farrell has been keeping tabs on this, and on possible links and causes:

http://gizadeathstar.com/2014/03/yet-another-banker-jumps-death-patterns-emerging/


19 posted on 03/23/2014 5:43:13 AM PDT by Renfield (Turning apples into venison since 1999!)
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To: madison10
I wondered about hypnosis too... Some form of mind control is happening...
20 posted on 03/23/2014 6:46:54 AM PDT by GOPJ (NASA: N othing A bout S pace A nymore - - FreperClearCase_guy)
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To: Renfield
You’d have to compare the recent spate of suicides to the general historical rate of suicide among young, healthy, successful investment bankers to get a better picture.

Are you familiar with the gaussian distribution? or better still the concept of a distribution function?

21 posted on 03/23/2014 7:25:02 AM PDT by from occupied ga (Your government is your most dangerous enemy)
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To: from occupied ga

Having had several graduate-level courses in statistics, yes, I am.


22 posted on 03/23/2014 4:57:33 PM PDT by Renfield (Turning apples into venison since 1999!)
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To: from occupied ga

I don’t think the number of events we’re discussing here is sufficient for a Gaussian function to apply.

Connect dots.


23 posted on 03/23/2014 5:02:35 PM PDT by Renfield (Turning apples into venison since 1999!)
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To: from occupied ga

5.5 million people are employed in the banking and insurance industries. Figure half are wankers bankers. that’s 2.75 million bankers out of 320 million people in the usa or .8594%. If we apply this to the number of suicides we would expect 335 bankers to suicide every year.

__________—

Lousy stats.

These are investment bankers, a small group within the world of banking. There does not seem to be more than 100,000 world-wide.


24 posted on 03/23/2014 5:18:04 PM PDT by Chickensoup (Leftist totalitarian fascism is on the move.)
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To: Renfield
yes, I am.

Good, but apparently you haven't thought through the implications, namely that there is a finite probability that things will clump together. Since you're familiar with statistics then you'll know that the governing distribution here is poisson and if you split the events into time related blocks, then you'll know that there is a real probability that some time blocks will have more events than others.

25 posted on 03/24/2014 3:42:15 AM PDT by from occupied ga (Your government is your most dangerous enemy)
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To: Chickensoup
a small group within the world of banking

Here. You'll need this to line your room and make your hat.

26 posted on 03/24/2014 3:46:01 AM PDT by from occupied ga (Your government is your most dangerous enemy)
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To: from occupied ga

Here. You’ll need this to line your room and make your hat.

_______________

Why? You don’t comprehend stats?


27 posted on 03/24/2014 6:49:29 AM PDT by Chickensoup (Leftist totalitarian fascism is on the move.)
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To: Chickensoup
Why? You don’t comprehend stats?

I do. You obviously don't.

28 posted on 03/24/2014 7:00:40 AM PDT by from occupied ga (Your government is your most dangerous enemy)
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