AFTER A LONG HIATUS, ANOTHER SUSPICIOUS BANKER DEATH…
You may recall that many months ago there was a spate of bankers dying under suspicious circumstances, while jogging, or "falling" (or being pushed) in front of trains, falling onto piked fences, jumping off of roofs, being shot in their cars, and so on. That pattern of strange deaths followed a spate of similar unusual deaths of so-called "homeopathic" doctors, which followed, years before that, a kill-off of biologists and geneticists, and if we want to go all the way back to the Reagan era, a spate of mysterious and suspicious deaths of high energy physicists.
Mr. S.D. noticed this article by Pam Martens, however, and passed it along, and yes, there's been another odd banker death:
JPMorgan Managing Director Dies Suddenly; Has Links to Other JPM Deaths
The interesting thing about this death (and the article covering the story) is that it puts us in a better position to speculate about what may be going on. The death itself concerns Mr. Douglas Arthur Carucci. And like many of the other suspicious banker deaths, he was involved in the information systems end of the banking business:
A 2015 bio that Carucci provided for a talk he was giving at the Indian Institute of Technology in Bombay, India, described his career as follows:
“Head of CEM Electronic Trading Technology at JP Morgan Chase, covering FX [foreign exchange], Commodities, and Emerging Markets. Mr. Carucci is responsible for a global team of engineers developing low latency trading technology. He began his career on Wall Street developing options trading systems while in high school and in the AMEX options pits while attending college. He spent 10 years building proprietary trading systems for FX and Interest Rates derivatives on Wall Street. Mr. Carucci served as Managing Director and Partner at Citadel Investment Group in Chicago for 10 years where he led the architecture and development of analytics and risk management systems across all business lines. He launched Citadel’s European Options Market Making and High Frequency trading business in London. He joined Sun Trading LLC in 2009 as head of Volatility Trading and lead the firm’s Quantitative Research group. Mr. Carucci received his degree in Finance from Baruch, City University of New York.”
While there has been nearly a complete news blackout on Carucci’s death, he shared common links to two other high profile deaths of JPMorgan Chase computer executives which were widely covered by global media outlets. Carucci knew a great deal about JPMorgan Chase’s technology infrastructure – putting him in a rarefied category at the bank – and he had previously worked in London. Both of those traits were also present in Julian Knott and Gabriel McGee – men whom it is likely that Carucci knew and/or interacted with prior to their own “tragic” deaths. (Italicized emphases added)
I have blogged, and talked, about my suspicions about the flash crashes, and other strange market behavior, and my chief concerns about algorithmic trading have boiled down to two points: (1) with volume and speed of trading that computerized trading makes possible, markets are no longer genuinely reflective of actual human trading, and this in turn affects the pricing mechanisms and risk assessments that humans use to calculate and weigh their investment alternatives; it badly skews the information; and (2) such computer algorithmic trading makes it possible to execute massive trades in a short amount of time, making lots of money for those able to execute such trades, massively increasingly liquidity in the system for the few able to do so. I will now share another high octane speculation I've had about the flash crashes, and that I've never shared before: what if they were tests to see how far algorithmic trading systems could go or be pressed before the automatic safeguards kicked in and trades were voided? Put differently, how far could markets be manipulated before such manipulation became "visible" to the human technocrats designing the architecture?
This brings us back to the italicized points emphasized in the quotation from the article above, for note what we have:
1) Someone involved in designing algorithmic trading systems for options;
2) Someone involved in designing proprietary algorithmic trading systems for FX, or foreign exchange, i.e., currency exchange, speculation, and trading;
3) Someone involved in designing algorithmic trading systems for interest rate derivatives(!);
4) Someone involved in designing computer systems to analyze and assess risk "across all business lines," i.e., systems applicable to the entire spectrum of trading, from commodities, foreign exchange, equities, securities, and so on;
5) Someone who had been employed both in London and New York and who knew "a great deal about JP Morgan Chase's technology infrastructure."
Such an individual would be perfectly positioned to notice the deliberate manipulation of algorithmic trading for any purpose, and would also be perfectly positioned to observe "data correlations" of market activity with, say, political news, money laundering, currency or securities speculation, commodities movements, human trafficking... you name it. Additionally, because of his expertise, he would not only know what to look for, but what kinds of evidence to gather. And to round out this picture, he would also be in a position to detect hidden or unauthorized modification of the technology infrastructure by sources unknown, from external state actors to any other group, and to track what may really have happened to all that bailout money.
As the article alludes, an early speculation on why so many bankers - especially those with connections to information technology - were dying was that banks were simply "offing" them to collect on their BOLIs, Bank-Owned Life Insurance Policies. But, when compared to the numbered inventory outlined above, such a view really pales into insignificance when compared to the information potentially available to such people, and to the possibility that they saw or suspected something massive, and massively criminal, was taking place.
Ms. Martens begins her article with a strange series of conclusions, which to my mind seem to highlight these types of possibilities:
When you are the largest bank in the United States and you’ve been compared to the Gambino crime family in a book by two trial lawyers; when you’ve pleaded guilty to three criminal felony counts brought by the United States Justice Department in the past five years; when you’ve paid over $30 billion in fines over charges of crimes against the public and investors since 2008; and when you’ve had an unprecedented string of employees leaping to their death from buildings, dropping dead at home or on the street, and two alleged murder-suicides by employees — all in just the past five years – one might think that law enforcement might show some interest – especially since this employer – JPMorgan Chase – holds tens of billions of dollars of Bank-Owned Life Insurance (BOLI) on its workers. (This death benefit, by the way, pays tax-free to the corporation, not the employee’s family.)
But when it comes to JPMorgan Chase and law enforcement, there does not seem to be a morsel of curiosity over the continuing sudden deaths of its computer technology workers – no matter how high up the corporate ladder they rank or how many floors they are alleged to fall to their death.
While BOLI policies might be involved, I cannot help but think that this, for whomever is ordering these deaths, is merely the side benefit, but not the ultimate motivations for their actions. The real motivations lie, I strongly suspect, much deeper. Like Ms. Martens, I have to wonder why no agency or journalistic effort has been made to investigate the story, and I suspect that no investigation will be done, and that, once again, it will fall to the alternative research field to do so.
See you on the flip side...
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Maybe some Salami Slicing aka Penny Shaving like Richard Pryor’s character in Superman III… Just another scheme to harvest the wealth of the many and these people either were in on it and had a change of heart or discovered it and were going to blow the whistle… Gives new meaning to E Pluribus Unum… We can’t have the plebes acquiring any life, liberty or the pursuit of happiness, now, can we? When will there be a mass awakening? The advent of television was the greatest form of mind control ever put into action. They don’t call it programming for nothing… Time for people to jump off the entrainment!
Gotta disagree bout tv. The new tv is the interwebs.
Didn’t doc post one a year or 2 back about the guttenberg press being the best n biggest (or mostus) mk project of their day? Anyone gettin bored with feelin the breakaways always being many steps ahead of us?
Or you get sandwiched in the middle where someone comes to you, pointing a gun to your head to “do” something, design something that is unethical and causes the blip that evaporates wealth from the innocent in a blink, while the greedsters swoop in and buy up the Fake Devalued Stock and turn it into gold. I imagine many smart and innocent people get tangled up in this sandbox and find there is no way out once they become a target to “use up” for evil and then will be spit out to be silenced.
There’s always the possibility of “pulling the the ladder into the treehouse,” by which I mean, once these people had built-out a system, in cooperation with the spooks, no doubt, they became nothing more, to the financial elite, than potential liabilities who could take knowledge and observations to other players.
I can only ditto Goshawks MM line.. this is how bizarre this world can be, and seems always has been.
Hitler in Argentina, that sort of thing.
Then again they can give us bizarre (think Roy Cohn, Trumps 80’s sidekick/mentor and stuffing up McCarthy’s semi-crusade against the unmentionables in Hollywood)… in order to discredit the opposition to the bleeding obviously corrupted, like governments who cannot print their own money out of air but private interests can.
follow the Gold – money – then dead bodies.
Very insightful story and high-octane speculation: mainly these deaths are an insurance scam.
You got me googling algo-trading now, never really looked into it.
From the cited article:
“Based on internet postings, Carucci’s funeral was to be held at the Riverside Memorial Chapel in New York City on Friday, March 15. We confirmed by a telephone call to the Chapel that the funeral occurred. Mainstream business media, such as Reuters, Bloomberg News, the Wall Street Journal, Financial Times, etc. have yet to report on Carucci’s death, potentially because there has been a news blackout from official sources.”
I am afraid that I would use Miles Mathis’ rule-of-thumb on this case: Did Carucci actually die, or did he go ‘underground’? (sorry.) MM would say: Show me somebody who has seen the body, close up, for examination. (And even then, be wary for ‘ops’.) Anything else might be that Carucci either wanted out (and was given a plausible ‘out’) or was unwillingly ‘removed’ but is still alive. Cremation, in this case, would be a Red Flag. (He could even be in a Witness Protection Program with deep cover.)
If this was a real death/killing, what was the trigger? What was the ‘one unforgivable thing’? The man obviously knew his stuff, so was a valuable asset. Valuable assets tend to have some leeway. Or, was he ‘promoted’ to a Deep Black level?
HA! MM got me to examine the bone structure of the sexes much closer…give it to a talented portrait artist!
With all this “gender” madness, one could go underground quite, in plain sight as the opposite gender they were known by all.
Most would never think twice about it.
I don’t disagree with Dr Farrell’s analysis about the mysterious deaths of the top level guys but about the lower level deaths, I have some personal experience.
I worked for a number of years for JPMC in a large office building and almost every day there was an ambulance out front and someone being wheeled out due to a heart attack. There were people dropping dead in their late 30s and 40s !!
The reason isn’t anything nefarious rather they pay extremely well BUT working 70 – 80 hours a week is expected especially if you are higher in the food chain. The pressure is tremendous and any failure and you are fired. They also every quarter have a RIF where the bottom performers are walked out the door.
In that environment, people literally work themselves sick. In my case my doctor told me that unless I reduced my stress, I’d be dead in 2 years (I was on 6 blood pressure medicines). I quit and took a less stressful job and am now on 2 BP medicines. I wouldn’t work again at a large bank for all the money in the World.
I wonder if these high profile banking positions require being chipped in some fashion and/or methodology?
A HAL bankster to interface with?
Are there are many things under heaven & earth than are even dreamt of in these digital platforms?
If they were chipped, it should be ever so easy to heart attack them.
Especially, if his will/virtue was stronger than their$.
In an interesting aside; there are no personnel wanting a promotion into this vacated position. Even a temporary replacement cannot be found.
An AI program has been volunteered.
Perhaps the new positions will all be automated, in some form or another, in keeping w/the inhuman nature of the globalized industry.
Soon, the AI will be looking for human volunteers to interface w/the human side of the banking business.
Much better for the PR bottom line side of the equation.
One thing I’ve noticed about Banks and Banksters..is that its almost like a priesthood..the higher and higher you climb.. the blacker and blacker that thing you used to call a soul becomes..
May I proffer my own humble HOS.. I’d say that the good banker wasnt noticing illegal/black op/human trafficking numbers popping up and he suddenly.. ‘grew a conscience’ and HADDA DIE!!
If he was involved in the implementation and deplyment of any systems regarding trading etc..he’ll have known for a long time where the money was coming from.
I’d say he was either.. offed to shut him up (weak men panic and blub when they have to answer for their crimes..loose tongues etc… Look at what happened to the other bankers.. like… Roberto Calvi https://www.theguardian.com/uk/2012/may/12/roberto-calvi-blackfriars-bridge-mafia for example…
or.. he took his own life to escape impending punishment..
(pressed reply too soon…)
Can’t get it outta muh head!