The strange rash of deaths among key individuals connected with major banking concerns continues—and JPMorgan is front-and-center, once again.
As reported in WallStreetOnParade.com:
Since December of last year, JPMorgan Chase has been experiencing tragic, sudden deaths of workers on a scale which sets it alarmingly apart from other Wall Street mega banks. Adding to the concern generated by the deaths is the recent revelation that JPMorgan has an estimated $180 billion of life insurance in force on its current and former workers.
Making worldwide news last week was the violent deaths of JPMorgan technology executive Julian Knott and his wife, Alita, ages 45 and 47, respectively, in Jefferson Township, New Jersey. However, two other recent, sudden deaths of technology workers at JPMorgan have gone unreported by the media.
The bodies of the Knott couple, who have a teenage daughter and two teenage sons, were discovered by police on July 6, 2014 at approximately 1:12 a.m. According to a press release issued by the Morris County Prosecutor’s office, Jefferson Township Police Officers Tim Hecht and Dave Wroblewski responded to the Knott home located in the Lake Hopatcong section following a “report of two unconscious adults.”
Who made the call to police and whether the children were home at the time has not been announced by the police or the prosecutor’s office. After a preliminary investigation, the police announced on July 8 that they believe Julian Knott shot his wife repeatedly and then took his own life with the same gun.
You would certainly expect such behavior among the traders—who can lose tens or hundreds of millions, even billions, with bad trading in treacherous markets, but it’s interesting how many of these deaths are connected to the IT departments. With the rise of “high-frequency computer trading” (not trading using computers, but algorithms designed to trade without the need for human intervention) the computer guys know where a lot of the “bodies are buried” in banking today, and they seem to be adding their own bodies to the story, literally.
Or are they?
Making something look like a suicide has long been a tool of the rich and powerful, and just like stories of failing hard drives that—oops—get recycled before criminal investigators can get their hands on them, these are a bit too convenient and repetitive for many of us to accept that that’s all there is to the story.