Another banker dead. JP Morgan banker & wife found dead in apparent "murder suicide"

[Ichingcarpenter]

Another banker dead. JP Morgan banker & wife found dead in apparent "murder suicide" . He stabbed himself in chest



A JPMorgan associate and his wife were found dead in an apparent murder-suicide inside their New Jersey home



A JPMorgan Chase associate and his wife were found dead in an apparent murder-suicide in Closter, New Jersey on Friday evening.

According to the Bergen County prosecutor John Molinelli, Michael Tabacchi, 27, allegedly killed his wife, Iran Pars Tabacchi, 41, who also went by "Denise."

"Autopsy on Closter couple shows wife died from strangulation and single stab wound to chest. Husband died from self inflicted stab chest," Molinelli Tweeted.

The Bergen County Record reports that Michael Tabacchi's father discovered the bodies when he came to the house after receiving a text message from his son. (It's unclear what the text said.)

The couple were pronounced dead at Englewood Hospital.

The couple's 15-month old baby was found unharmed inside the home at 595 High Street. According to Molinelli's Twitter account, the baby "is fine."

The baby is in the care of the paternal grandparents, according to The Bergen County Record.

Tabacchi worked for JPMorgan Chase's global custody business, some social media pages tied to him show. Denise worked as an administrative assistant at Joseph M. Sanzari Children's Hospital, according to her Facebook page.



Read more: http://uk.businessinsider.com/michael-and-denise-tabacchi-dead-2015-2?r=US#ixzz3REgP14B4



A custodian bank, or simply custodian, is a specialized financial institution responsible for safeguarding a firm's or individual's financial assets


The role of a custodian in such a case would be to:
hold in safekeeping assets/securities such as stocks, bonds, commodities such as precious metals and currency (cash), domestic and foreign
arrange settlement of any purchases and sales and deliveries in/out of such securities and currency
collect information on and income from such assets (dividends in the case of stocks/equities and coupons (interest payments) in the case of bonds) and administer related tax withholding documents and foreign tax reclamation
administer voluntary and involuntary corporate actions on securities held such as stock dividends, stock splits, business combinations (mergers), tender offers, bond calls, etc.
provide information on the securities and their issuers such as annual general meetings and related proxies
maintain currency/cash bank accounts, effect deposits and withdrawals and manage other cash transactions
perform foreign exchange transactions
often perform additional services for particular clients such as mutual funds; examples include fund accounting, administration, legal, compliance and tax support services
Using US definitions, a person who owns street name securities and who is not a member of an exchange, holds the securities through a registration chain which involves one or more custodians. This is due to the perceived impracticality of registering traded securities in the name of each individual holder; instead, the custodian or custodians are registered as the holders and hold the securities in a fiduciary arrangement for the ultimate security holders. However, the ultimate security holders are still the legal owners of the securities. They are not merely beneficiaries of the custodian as a trustee. The custodian does not become at any point the owner of the securities, but is only a part of the registration chain linking the owners to the securities. Global securities safekeeping practices vary substantially with markets such as the UK, Australia and South Africa encouraging designated securities accounts in order to permit shareholder identification by companies.


http://en.wikipedia.org/wiki/Custodian_bank

[Egnever]

1. I would think stabbing yourself in the chest

Would be pretty hard to do.

[Ichingcarpenter]

2. At least it wasn't a nail gun

were the guy shot himself 7 times in the chest

[NJCher]

3. can't even imagine that

???


Cher

[Hekate]

4. Aim upward toward the heart? Probably less difficult than seppukku...

... if you have an idea what you're doing.

Still grisly. What is it with these *holes who want to kill their wives/girlfriends, too? At least this one didn't harm their baby, though that is a horrible legacy to leave for one's child to discover.

[Ichingcarpenter]

5. A custodian bank scandal going on right now

Not JP Morgan but we know they don't do shit like this...


The figures are breathtaking. Le Monde is publishing the first part of an investigation that is spectacular and unprecedented in size. A team of journalists in Paris, Washington, Geneva and 46 other countries has uncovered the hidden workings of a giant tax evasion scheme conducted with the knowledge, and indeed the encouragement, of the world’s second largest bank, HSBC, via its Swiss subsidiary, HSBC Private Bank.


Le Monde has been investigating the HSBC affair since the outset, and in early 2014 came into possession of international banking data for the period 2005-07 that provided evidence of fraud on a gigantic scale. We shared this information with some 60 other news outlets around the world, coordinated by the ICIJ, the International Consortium of Investigative Journalists. The publication of these figures is likely to prove embarrassing for a good number of celebrities, including the French comedian Gad Elmaleh, King Mohamed VI of Morocco and the American actor John Malkovich, but it will shake the international financial industry to the core.
Lire aussi : « SwissLeaks » : Sa Majesté Mohammed VI, client numéro 5090190103 chez HSBC
The investigators allege that between 9 November 2006 and 31 March 2007 180.6 billion euros passed through accounts held by over 100,000 clients and 20,000 offshore companies with HSBC in Geneva. This is the period covered by digital files stolen from HSBC Private Bank by one of its former staffers, Hervé Falciani.


In late 2008 this French computer analyst passed on information he had stolen from his employer to the French tax authorities. The case was referred to French prosecutors in January 2009, and they have since concentrated their investigations on a small part of the “Falciani lists” – the 3,000 or so French citizens suspected of having concealed their money at HSBC PB with the bank’s collusion. The bank has de facto been placed under formal investigation as a legal entity for “illicit selling of banking and financial services” and “money laundering of the proceeds of tax evasion”.


HSBC PB is said to have concealed over €5.7 billion in tax havens for its French clients alone. The French Finance Ministry is taking only 72 individuals to court (including Nina Ricci’s heir, whose trial is to begin in Paris in the coming days), as most of the French taxpayers whose identity was revealed in the Falciani lists have since regularised their tax affairs.

En savoir plus sur http://www.lemonde.fr/economie/article/2015/02/08/swissleaks-the-backstory-of-a-worldwide-investigation_4572334_3234.html#0DrkKSZyAA6XVSJS.99

[WhiteTara]

8. seems a bit suspicious.

One stab and done? Weird.

[Ichingcarpenter]

9. Not saying its anything else but what it is but

I think the body count around 40 now keeps rising to a statistical interesting aberration.

[BumRushDaShow]

6. "Another banker dead."

This kid was 20 years old when the 2007 crash began. He was one of hundreds of thousands who work for JP Morgan. I suppose any death of an employee of a bank is now a "dead banker"?

Apparently he had only been working there for the past 5 years -

Michael Tabacchi’s LinkedIn profile says he was an JPMorgan Chase operations analyst from ‘2009 – September 2013,’ and that he started working as an associate for the company in October 2013.

http://www.tkgnews.com/new-jersey-man-who-strangled-and-stabbed-wife-to-death-then-killed-himself-with-knife-while-the-couples-young-son-was-in-the-house-was-a-jpmorgan-chase-banker/

[alcibiades_mystery]

13. Pretty much

These "another banker dead" threads are some of the silliest nonsense produced on DU.

How many employees of Children's Hospitals (worldwide, mind you, and level or job title doesn't matter) died in the last few years? It's the giant Children's Hospital conspiracy.

I especially like the Wikipedia entry on custodian banks. It's pretty much a given that the people propagating this silliness know fuck all about banking. Like a 27 year old associate has some crucial information that would get him killed! Ridiculous, as usual.

[SidDithers]

16. DU's tin-foilers are a great source of unintentional comedy...

they post the best shit.

Sid

[blkmusclmachine]

7. Wonder what juicy facts they knew?? And if you do know something, be sure to stay out of airplanes!!

Dead men tell no tales.

[Chemisse]

10. I wonder how they can be so sure it was suicide.

It seems like it would be really hard to stab yourself in the chest, both physically and psychologically.

[jwirr]

19. Stabbing may not have killed them instantly. But I am sure that bleeding to death would be the

result if left unattended.

[TBF]

11. I have lists of these somewhere in my in-box

others have sent them to me when I've posted similar stories. I swear there are over 2 dozen of these "suicides" and related "incidents" in the banking industry at large over the past few years. I think being a mobster in Chicago or New Jersey is likely safer than a big investment house at this point in time.

[polly7]

12. Very sad.

That poor baby.

[el_bryanto]

14. How many total JP Morgan bankers have killed themselves? They employ 265,388

or they did in 2014. So it'd be interesting to see if their suicide numbers are outside the norm.

Bryant

[SidDithers]

15. It's the Oligarch Rulers, killing bankers again...

Sid

[Trillo]

17. Are the suicides in the banking industry higher

than those that occur in the general public?

[Ichingcarpenter]

20. The 10 Professions With the Highest Suicide Rates

3
The suicide rate amongst financial workers in America is 1.51 times higher than average,

. In the first three months of 2014 alone, there were already 11 reported suicides amongst those in finance.

http://www.therichest.com/rich-list/the-biggest/the-10-professions-with-the-highest-suicide-rates/?view=all


48 suspicious banking deaths
August 22, 2014


list


http://www.hangthebankers.com/48-suspicious-banking-deaths/

[Trillo]

22. Curious, my gut feeling when reading the first link mentions "farmworkers"

they seemed to be somewhat of an outlier. Why wouldn't poverty be "the profession" (quoted because it's not thought of as such) with the highest suicide rate?

[jwirr]

21. We had stats on the last time one of them did this. There are only 3 groups that have higher rates

(percentages) and all of them deal with medical supplies in their offices which means they have easy access to the means. Veternarians , doctors and pharmacists.

[Trillo]

23. Lots of folks have access to various methods of death.

I don't think of killing myself, but I'm sure I have many methods at my personal disposal. I have multiple machines run by gasoline engines, carbon monoxide. I have kitchen knives, very sharp ones. I have gardening tools. Digging spikes. I have multiple chemicals, cleaning chemicals right off the top, bleach, acids, and alkalines. I have transformers and electrical outlets. I have dangerous saws. etc. The point is if I wanted to kill myself, I have many multiple methods at my disposal. I believe others have some to many of these items as well.

[Godhumor]

18. The dead bankers really needs to be relegated to creative speculation

Here is a link where I describe the title breakdown at banks:

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=6158577

By the way, operations analyst to associate is not a jump to senior management; he was a relative newbie.

Simply put, this is a classic case of people wanting a pattern so they make the facts fit a pattern.

[FBaggins]

24. Yep. It passed the nuttiness threshold...

Quite some time back.

[TheNutcracker]

25. Rich bankers don't stab themselves. Not the method of choice.