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Post by gabbyhayes on Feb 13, 2015 19:16:29 GMT -5
Looks like they're ridding themselves of the riff raft…..
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Post by imSINGLEruRICH on Feb 15, 2015 7:21:12 GMT -5
Articles In This Thread WILL JOUNALISTS START DROPPING LIKE BANKERS? (views: 449) food4thought -- Friday, 13-Feb-2015 09:27:39 Ned Colt, NBC News Journalist, Dies in Boston at 58 Of Massive Stroke... (views: 294) Watchman -- Friday, 13-Feb-2015 09:37:02 Link - Full Article on MURDER BY HEART ATTACK (views: 102) Infoeditor -- Friday, 13-Feb-2015 15:17:31 BOB SIMON DIES IN CAR ACCIDENT (views: 279) food4thought -- Friday, 13-Feb-2015 09:43:07 TROUBLING DETAILS IN BOB SIMON ACCIDENT (views: 366) food4thought -- Friday, 13-Feb-2015 14:55:47 BOB HAGER: A FAILED ATTEMPT? (views: 203) food4thought -- Friday, 13-Feb-2015 13:37:14 ARE TPTB TRYING TO INSTILL FEAR IN JOURNALISTS . . . (views: 120) food4thought -- Friday, 13-Feb-2015 13:40:27 Bank Homes
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Post by JoeRockss on Feb 23, 2015 16:35:01 GMT -5
Banker 61 #2119652 hanssolong Feb 18 15:19 youtu.be/Gsey6E6HhCk Dead Banker 61 "Froze To Death" Are You Serious? Another Dead Banker?
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Post by 3bid on Feb 23, 2015 18:13:29 GMT -5
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Post by sittingtight on Feb 25, 2015 1:03:44 GMT -5
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Post by imSINGLEruRICH on May 14, 2015 9:03:12 GMT -5
Missing CEO, Wells Fargo executive among the dead in Amtrak crashWells Fargo has also confirmed that one of their executives has been confirmed as one of the seven people who died in an Amtrak train derailment on Tuesday night. The VP has been identified as Abid Gilani. "It is with great sadness that Wells Fargo confirms that Abid Gilani, a valued member of our Commercial Real Estate division, has passed away. Our hearts go out to all those impacted by this tragedy," the company said in a statement.6abc.com/news/missing-ceo-wells-fargo-exec-among-dead-in-amtrak-crash/719973/
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Post by 3bid on May 14, 2015 14:48:45 GMT -5
An Employee Dies, and the Company Collects the Insurance
By David Gelles
Employees at The Orange County Register received an unsettling email from corporate headquarters this year. The owner of the newspaper, Freedom Communications, was writing to request workers’ consent to take out life insurance policies on them.
But the beneficiary of each policy would not be the survivors or estate of the insured employee, but the Freedom Communications pension plan. Reporters and editors resisted, uncomfortable with the notion that the company might profit from their deaths.
After an intensive lobbying campaign by Freedom Communications management, a modified plan was ultimately put in place. Yet Register employees were left shaken.
The episode at The Register reflects a common but little-known practice in corporate America: Companies are taking out life insurance policies on their employees, and collecting the benefits when they die.
Because so-called company-owned life insurance offers employers generous tax breaks, the market is enormous; hundreds of corporations have taken out policies on thousands of employees. Banks are especially fond of the practice. JPMorgan Chase and Wells Fargo hold billions of dollars of life insurance on their books, and count it as a measure of their ability to withstand financial shocks.
But critics say it is immoral for companies to profit from the death of employees, while employees themselves do not directly benefit. And despite a law enacted in 2006 that sought to curb the practice — companies now are restricted to insuring only the highest-paid 35 percent of employees, who must give their consent — it remains a growing, opaque and legal source of corporate profit.
“Companies are holding this humongous amount of coverage on the lives of human beings,” said Michael D. Myers, a lawyer in Houston who has brought class-action lawsuits against several companies with such policies.
Companies and banks say earnings from the insurance policies are used to cover long-term health care, deferred compensation and pension obligations.
“Life insurance is one of the ways of strengthening the long-term health of the pension plan and ensuring its ability to pay benefits,” Freedom Communications’ chief executive, Aaron Kushner, said in an interview.
And because such life insurance policies receive generous tax breaks — investment returns on the policies are tax-free, as are the death benefits eventually received — they are ideal investment vehicles for companies looking to set aside money to pay for pension plans. Companies argue that if they had to finance such obligations with investments taxed at a normal rate, they would incur losses and would not be able to offer the benefits to employees.
But in many cases, companies and banks can use the tax-free gains for whatever they choose. “If you want to take that money and go build a new bank branch, fine,” said Joseph E. Yesutis, a partner at the law firm Alston & Bird who specializes in banking regulation. “Companies don’t promise regulators they will use it for any specific purpose.”
Hundreds of billions of dollars of such policies are in place, providing companies with a steady stream of income as current and former employees die, even decades after they have retired or left the company.
Aon Hewitt estimates that in new policies worth at least $1 billion are being put in place annually, and that about one-third of the 1,000 largest companies in the country have such policies. Industry analysts estimate that as much as 20 percent of all new life insurance is taken out by companies on their employees.
But determining the exact size of the market for corporate- and bank-owned life insurance is impossible. With the exception of banks, companies do not have to report their insurance holdings.
“There is no reliable reporting of the use of who’s buying life insurance, of what they’re buying it for,” said Steven N. Weisbart, chief economist of the Insurance Information Institute.
Banks have to report their holdings because regulators want to know how much cash they could access if they had to redeem the policies in a pinch before the death of the insured employee.
That figure, known as the “cash surrender value” — or the amount they could withdraw immediately — provides a glimpse of just how big such policies can be.
Bank of America’s policies have a cash surrender value of at least $17.6 billion. If Wells Fargo had to redeem its policies tomorrow, it would reap at least $12.7 billion. JPMorgan Chase would collect at least $5 billion, according to filings with the Federal Financial Institutions Examination Council.
Because banks could collect the cash from insurance companies quickly, if needed, life insurance holdings are considered Tier 1 Capital, a basic measure of a bank’s strength. Many banks have 10 to 25 percent of their Tier 1 Capital invested in life insurance policies, according to Goldstein Financial Group, a broker dealer.
Insurance industry experts say that most big banks have delayed new life insurance purchases, in part because of limits on how much insurance they can hold. Yet the value of existing policies continues to grow, with the gains from invested capital outpacing the benefits paid out as employees die.
Corporate- and bank-owned life insurance grew out of so-called key person insurance policies that protected companies against the economic consequences related to the death of top executives. The New York Times Company has taken out life insurance policies on some top employees.
But absent meaningful regulation around the practice, it grew unchecked, and soon companies were taking out policies on many poorly paid employees like janitors, then reaping millions in profit when they died.
A string of class-action lawsuits, some filed by Mr. Myers, went after companies abusing the practice. Several companies, including Walmart, settled the suits, paying millions to low-ranking employees who had been covered. The I.R.S. took companies including Winn-Dixie and Camelot Music to court for using policies as tax avoidance schemes.
Critics began calling the policies “dead peasant” insurance, an allusion to Nikolai Gogol’s novel “Dead Souls,” in which a con man buys up dead serfs to use them as collateral in a business deal.
Despite the criticism, companies and banks continued to use the policies to chase returns. In the years before the financial crisis, life insurers for banks including Wachovia and Fifth Third Bancorp invested their premiums in a hedge fund run by Citigroup.
As the value of the fund rose, the profits were recorded on the companies’ balance sheets, raising earnings. But when the hedge fund collapsed during the market panic, so did the value of the policies, leading the banks to take substantial write-downs.
Efforts have been made to better regulate the practice. The 2006 Pension Protection Act included a set of best practices for companies taking out life insurance on employees.
“The government has taken great strides to clean it up,” said J. Todd Chambley, who runs the executive benefits practice at Aon Hewitt.
Still, the notion of life insurance policies benefiting company balance sheets, rather than individuals, remains subject to criticism.
Responding to attacks on the Freedom Communications plan, Mr. Kushner defended himself in a letter to employees. “Life insurance is not ghoulish, nor are the people who sell it, nor are those who buy it,” he wrote. “Life insurance, by its very nature, was created to benefit the people we love and care about most.”
Correction: June 25, 2014 An article on Monday about company-owned insurance on the lives of employees referred incorrectly to the ways in which companies benefit from such policies. Money spent on premiums is taxable — not tax-free. (As the article correctly noted, investment returns on the policies and eventual death benefits are tax-free.) ..............................
comments:
Taken to the next step, will such policies encourage employers to hire older workers? After all, from an actuarial perspective, they're more likely to die sooner.
Now we know why your boss works you to death!
dealbook.nytimes.com/2014/06/22/an-employee-dies-and-the-company-collects-the-insurance/?_r=0
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Post by str8biodiesel on May 16, 2015 10:27:02 GMT -5
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Post by imSINGLEruRICH on May 30, 2015 8:43:37 GMT -5
#2148516 ezal13 20 hours ago you can't make up the last line: financial firms have been trying to do more to improve the lifestyles of their employees, 29 years old!!!!! 29-year-old investment banker died after leaping from his luxury apartment building in Manhattan's Financial District on Thursday morning. The NYPD confirmed that the incident happened about 10:40 a.m. at 1 West Street. The NYPD did not release the person's name, age, or place of employment. According to The Post, the man jumped from the 24th floor of the Ocean Luxury Residences. HOW MANY 29 YEAR OLDS LIVE IN A HIGH LUXURY MANHATTAN FINANCIAL DISTRICT WITH AN OCEAN VIEW.. financial firms have been trying to do more to improve the lifestyles of their employees, REALLY!!!!!!! finance.yahoo.com/news/report-29-old-investment-banker-135800338.htmlThe New York Post is reporting that a 29-year-old investment banker died after leaping from his luxury apartment building in Manhattan's Financial District on Thursday morning.
The NYPD confirmed that the incident happened about 10:40 a.m. at 1 West Street. The NYPD did not release the person's name, age, or place of employment. According to The Post, the man jumped from the 24th floor of the Ocean Luxury Residences. He was decapitated after hitting the guardrail by the northbound Battery Park Underpass and landed near a woman's black SUV. Witnesses told The Post that tourists snapped pictures on their cellphones of the gruesome aftermath. In the past year or so, there's been a spate of suicides among financial-services employees. As a result, financial firms have been trying to do more to improve the lifestyles of their employees, especially younger ones.
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Post by imSINGLEruRICH on Nov 11, 2015 10:23:31 GMT -5
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Post by 3bid on Jul 14, 2016 14:25:42 GMT -5
Russian banker immured in concrete, left to die in boiling sun
Published time: 14 Jul, 2016 The body of a Russian banker has been fished out from the Moscow Canal trapped in concrete. Before being dumped into the water the man apparently died a painful death in the boiling heat of the sun. A local gang is suspected to be behind the crime. The DNA test revealed that the victim was the chairman of the Kutuzovsky Bank, Oleg Novoselsky, who has been missing for over a decade, a police source told Life.ru.
The businessman was murdered by the infamous gang of Aslan Gagiev, over “a land dispute” in summer 2005, the sources added.
Back then, Novoselsky was kidnapped by the criminals who later immured him waste deep in a barrel with concrete.
He was then abandoned and spent over a week outside a country house in the boiling sun, the network reported.
“Novoselskiy died a long and painful death in a barrel that stood in the sun for a week. After that – on Aslan Gagiev’s order – the barrel was thrown into the Moskva Canal in the Dmitrovsky District (of Moscow Region), at the bottom of which it remained for about 10 years,” the police source said.
Investigators were informed of the body in the Moskva Canal by one of the detained gang members.
He confirmed that he was ordered to dispose of the barrel in the water, but claimed that he was unaware of the identity of the victim, which was known only to the gang leader, Gagiev.
Aslan Gagiev was detained in Austria in January 2015 and remains under house arrest. Moscow has so far been unable to agree with Vienna his extradition to Russia.
Gagiev’s gang is suspected of over 60 murders committed in the early 2000s, almost all of which were contract killings of businessmen who refused to share their assets. Novoselsky reportedly had a land dispute with the gang.
www.rt.com/news/351077-banker-killed-concrete-gang/
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Post by imSINGLEruRICH on Aug 23, 2016 9:57:00 GMT -5
Articles In This Thread WILL JOUNALISTS START DROPPING LIKE BANKERS? (views: 449) food4thought -- Friday, 13-Feb-2015 09:27:39 Ned Colt, NBC News Journalist, Dies in Boston at 58 Of Massive Stroke... (views: 294) Watchman -- Friday, 13-Feb-2015 09:37:02 Link - Full Article on MURDER BY HEART ATTACK (views: 102) Infoeditor -- Friday, 13-Feb-2015 15:17:31 BOB SIMON DIES IN CAR ACCIDENT (views: 279) food4thought -- Friday, 13-Feb-2015 09:43:07 TROUBLING DETAILS IN BOB SIMON ACCIDENT (views: 366) food4thought -- Friday, 13-Feb-2015 14:55:47 BOB HAGER: A FAILED ATTEMPT? (views: 203) food4thought -- Friday, 13-Feb-2015 13:37:14 ARE TPTB TRYING TO INSTILL FEAR IN JOURNALISTS . . . (views: 120) food4thought -- Friday, 13-Feb-2015 13:40:27 Bank Homes Look out Attorneys & whistleblowers too.... or anyone else who dares to go against the "Crooked Grain." ..... they may have run out of Bankers......... pacmann DIAMOND JEDI MASTER Post by pacmann on Aug 5, 2016 at 7:26pmLead Attorney In Anti-Clinton DNC Fraud Case Mysteriously Found DeadCall it conspiracy theory, coincidence or just bad luck, but any time someone is in a position to bring down Hillary Clinton they wind up dead. In fact, as we noted previously, there’s a long history of Clinton-related body counts, with scores of people dying under mysterious circumstances. While Vince Foster remains the most infamous, the body count is starting to build ominously this election cycle - from the mysterious "crushing his own throat" death of a UN official to the latest death of an attorney who served the DNC with a fraud suit. WikiLeaks suggests murdered DNC staffer was source for leak Assange gets involved in growing Clinton 'body count' Published: 08/09/2016 at 1:42 PMRead more at www.wnd.com/2016/08/3-dead-spark-new-interest-in-clinton-body-count/#fAwIAxfwd7UAtKE6.99
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Post by imSINGLEruRICH on Oct 8, 2016 19:26:26 GMT -5
Articles In This Thread WILL JOUNALISTS START DROPPING LIKE BANKERS? (views: 449) food4thought -- Friday, 13-Feb-2015 09:27:39 Ned Colt, NBC News Journalist, Dies in Boston at 58 Of Massive Stroke... (views: 294) Watchman -- Friday, 13-Feb-2015 09:37:02 Link - Full Article on MURDER BY HEART ATTACK (views: 102) Infoeditor -- Friday, 13-Feb-2015 15:17:31 BOB SIMON DIES IN CAR ACCIDENT (views: 279) food4thought -- Friday, 13-Feb-2015 09:43:07 TROUBLING DETAILS IN BOB SIMON ACCIDENT (views: 366) food4thought -- Friday, 13-Feb-2015 14:55:47 BOB HAGER: A FAILED ATTEMPT? (views: 203) food4thought -- Friday, 13-Feb-2015 13:37:14 ARE TPTB TRYING TO INSTILL FEAR IN JOURNALISTS . . . (views: 120) food4thought -- Friday, 13-Feb-2015 13:40:27 Bank Homes Look out Attorneys & whistleblowers too.... or anyone else who dares to go against the "Crooked Grain." ..... they may have run out of Bankers......... pacmann DIAMOND JEDI MASTER Post by pacmann on Aug 5, 2016 at 7:26pmLead Attorney In Anti-Clinton DNC Fraud Case Mysteriously Found DeadCall it conspiracy theory, coincidence or just bad luck, but any time someone is in a position to bring down Hillary Clinton they wind up dead. In fact, as we noted previously, there’s a long history of Clinton-related body counts, with scores of people dying under mysterious circumstances. While Vince Foster remains the most infamous, the body count is starting to build ominously this election cycle - from the mysterious "crushing his own throat" death of a UN official to the latest death of an attorney who served the DNC with a fraud suit. WikiLeaks suggests murdered DNC staffer was source for leak Assange gets involved in growing Clinton 'body count' Published: 08/09/2016 at 1:42 PMRead more at www.wnd.com/2016/08/3-dead-spark-new-interest-in-clinton-body-count/#fAwIAxfwd7UAtKE6.99 WikiLeaks Julian Assange Lawyer Found Dead September 4th, 2016 | by hqanonThings continue to get more odd by the day with Julian Assange. On 22nd of August, it was reported that an attempted assassination may have been stopped as a man jump the fence when Julian Assange stays, but just a few days prior to that, Assange’s lawyer was killed. The report says it was a suicide, but WikiLeaks confirms it was NOT a suicide. Here is what has been reported … From Truth Censored: According to Before It’s News, Here’s more news you don’t get in the US’ mainstream media: John Jones 48, one of Britain’s top human rights lawyers, who represented Julian Assange was killed last Monday, when he was run over by a commuter train. The death is being called a suicide. British Transport Police were called to the West Hampstead train station in North London at 7:07 AM on Monday April 18, 2016 after a man was struck by a train. He was reportedly pronounced dead at the scene and his death is not being treated as suspicious. The event occurred almost one month to the day that the first batch of Clinton emails were released by his client from WikiLeaks.
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Post by 3bid on Oct 28, 2016 11:36:55 GMT -5
Researcher Finds Link Between Bankers & Wikileaks Affiliates Murders [10/26/16] CHRISTOPHER KEMMETT
Julian Assange, founder and Editor-in-Chief of WikiLeaks, is the man responsible for the daily release of emails showing the Hillary Clinton presidential campaign to be an unprecedented machine whose tentacles and snitches reach into Wall Street, big corporations and big media. Earlier this year, WikiLeaks released emails showing that the Democratic National Committee had maliciously conspired to undermine the presidential campaign of Clinton challenger, Senator Bernie Sanders, in order to elevate Hillary Clinton to the top of the ticket.
Now it has emerged that two of the top lawyers representing Assange, John Jones in London and Michael Ratner in New York, died within less than a month of each other this year. And, Assange’s closest confidant in London and a Director of WikiLeaks, Gavin Macfadyen, died just yesterday.
Wall Street On Parade has carefully investigated the similarly unprecedented banker deaths over the past two and one half years. What is noteworthy about the banker deaths is that at the time of the deaths, Wall Street banks and their global brethren were under the largest investigations for criminal rigging of markets to occur in the past century. Even during the Senate investigations of the early 1930s when crooked business journalists touting fraudulent Wall Street stocks and crooked Wall Street bank execs manipulating stock prices were regularly revealed through subpoenaed documents, there was no similar rash of deaths or series of alleged suicides.
Now there is WikiLeaks leaking emails and documents that show that the same kind of cartel-like behavior that has corrupted Wall Street to its core has also infested the top of the Democratic Party. And, amazingly, three key members of the Assange/WikiLeaks support network have died within six months of each other this year. The statistical probability of this being a natural occurrence is slim.
www.govtslaves.info/researcher-finds-link-between-bankers-wikileaks-affiliates-murders/
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Post by bunnyb on Oct 31, 2016 9:51:57 GMT -5
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