Yet Another Banker Jumps…


Dr. Joseph P. Farrell Ph.D.
April 4, 2017

The sad list of bankers taking walks off of rooftops continues to grow, this time with the death of Charles W. Murphy. Many people shared this story this week (and a big thank you to them all), and at first glance, there’s “nothing unusual” in the story:

Partner At Paulson & Company Jumps To His Death In Midtown Manhattan

Toward the end of this article, it is suggested that Mr. Murphy may have been experiencing financial difficulties, hinting that this may have been a motivation for his death, as he was also apparently being treated for depression:

It appears that at least part of Murphy’s troubles have been financial: a parking attendant at a nearby garage told the New York Post that Murphy’s wife, Annabella , crashed their Honda Odyssey last summer but could not afford to fix it. ‘She didn’t even have enough money to pay for the damage,’ the attendant said.

Murphy’s first wife, former Heather Kerzner, got married to hotel billionaire Sol Kerzner after the pair split. They were married for 11 years before their marriage ended in divorce.

According to the Daily News, Murphy was being treated for depression before his suicide.

But then comes the admission of a connection to the collapse of convicted financial fraudster Bernie Madoff, and, incidentally a connection to Morgan Stanley:

Murphy is now the fourth person connected to Madoff to commit suicide in the years following the Ponzi scheme scandal.  French aristocrat Rene Thierry Magon De La Villehuchet was found dead in 2008 just after the news broke. His AIA Group lost $1.5 billion. Ex-U.S. Army major William Foxton, 65, killed himself in 2009. A year later, Madoff’s son Mark was found dead after he hanged himself in his New York apartment.

Murphy was previously a research analyst at Morgan Stanley, and was cohead of the European financial institutions group at Credit Suisse.  He graduated from Harvard Law School and MIT Sloan School of Management according to the Mail.

Making this story even more bizarre, for some reason the unfortunate Mr. Murphy chose a venue that was not far away from his personal apartment, and one that had yet another strange connection:

The Sofitel hotel where Murphy killed himself made headlines in 2011, when French politician and head of the IMF, Dominique Strauss-Kahn, was accused of raping a maid in one of the hotel’s suites. Three months later, all charges were dismissed. In 2012, he settled a lawsuit with the maid.

In all of this I cannot stifle the thought – in spite of the best efforts to make this look like nothing more than a depression-suicide, perhaps brought about by monetary difficulties and depression, and perhaps even depression and/or feelings of guilt for being connected to Bernie Madoff – that there is much more here than meets the eye.  Yes, my “high octane speculation” motor is running in high gear. For one thing, one or maybe even two suicides connected with Madoff I can believe could be written off to feelings of guilt and depression. But four? Bluntly put, this looks to be more like “house cleaning” and “loose end tidying” than anything else.

The question is, why?

One answer is suggested by the following:


There we read the following paragraph:

On March 12, 2009, Madoff pleaded guilty to 11 federalfelonies and admitted to turning his wealth management business into a massive Ponzi scheme. The Madoff investment scandal defrauded thousands of investors of billions of dollars. Madoff said he began the Ponzi scheme in the early 1990s. However, federal investigators believe the fraud began as early as the mid-1980s[16] and may have begun as far back as the 1970s.[17] Those charged with recovering the missing money believe the investment operation may never have been legitimate.[18] The amount missing from client accounts, including fabricated gains, was almost $65 billion.[19] The Securities Investor Protection Corporation (SIPC) trustee estimated actual losses to investors of $18 billion.[18] On June 29, 2009, Madoff was sentenced to 150 years in prison, the maximum allowed.[20][21]

(Emphasis added)

Stop and ponder that for a moment: Madoff’s scheme, which stole billions of dollars from investors through fraud – may have begun in the 1970s, and perhaps even as far back as the founding of his company in the 1960s. And this raises a very important question: in all that time, no one in the federal regulatory agencies ever found anything suspicious about his activities? It was only uncovered when Madoff’s sons went to the feds and disclosed it, resulting in Madoff’s arrest the very next day? (Let that one sink in for a moment too.) There’s only three ways such an arrest would have happened without a long investigation: either (1) the sons brought absolutely convincing proof with them when they complained to federal authorities, or (2) there may have been a quiet investigation proceeding secretly, and they simply provided the final bit of evidence needed for an arrest, or (3, my own suspicion) Madoff’s operation had proceeded all those years with the connivance and blessing of some faction within the federal government, a faction dispersed throughout various agencies.

Why do I suspect the latter? Because the time frame suggested in the Wikipedia article about the beginning of Madoff’s “operation” the 1980s and 1970s, were the same time period(s) that others have suggested that the vast mortgage fraud pump-and-dump schemes began in federal housing programs; similarly, it was the same time period – the 1980s – that others suggest that a vast financial scheme, involving fraudulent securities and billions of dollars, was concocted by the American “intelligence ‘community'” to wage a fatal economic war on the Soviet Union, a scheme that was also connected to the financial dealings and suspicions many have raised surrounding 9/11 (and don’t forget that Deutsche Bank connection there!).

So the bottom line to my “high octane speculation of the day” is that this death is connected to all the others, for reasons we may never know. Perhaps Mr. Murphy found something and had to be “suicided”, or perhaps he found something so chilling and/or depressing that he took his own life. Or perhaps he knew something that he didn’t even realize the significance of, and was a loose end to be “cleaned up”. But whatever happened, I strongly suspect there’s a much bigger story to all these banker deaths and “suicides”  – particularly in the pattern exhibited over and over, of bankers walking off of rooftops from London to Paris to Hong Kong – than meets the eye.

See you on the flip side…

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About Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.


At The Eye Of A Looming Storm? Those Bankster Deaths & More Missing…

Dr. Joseph P. Farrell
January 28, 2017

It has been a while since we’ve talked about those mysterious bankster deaths, many of them having all the hallmarks of “bankercides (i.e., murder by suicide), and it’s been even longer since we’ve talked about all that “missing money” sloshing around in the system somewhere, an amount of money in the trillions. Well, Mr. W.D. sent the following article, and it has my high octane speculation running in high gear and overtime, but we’ll get back to that, because I want to paint in very broad strokes today. The article that he shared concerns a looming storm centered around Europe’s largest bank, Deutsche Bank, and some shenanigans that reach out to engulf Italy and, I suspect, pretty much everyone else. But as I said, we’ll get back to that. Here’s the lengthy article by Vernon Silver and Elissa Martinuzzi that appeared on Bloomberg Business Week:

How Deutsche Bank Made a $462 Million Loss Disappear

Of course, a mere $462,ooo,ooo looks like chump change to a bank as large and powerful as Deutsche Bank, but there are even vaster sums involved in this disappearing act. The story begins, according to the article, at a meeting held at Deutsche Bank’s London branch headed by Italian banker Michele Faissola:

On Dec. 1, 2008, most of the world’s banks were still panicking through the financial crisis. Lehman Brothers had collapsed. Merrill Lynch had been sold. Citigroup and others had required multibillion-dollar bailouts to survive. But not every institution appeared to be in free fall. That afternoon, at the London outpost of Deutsche Bank, the stolid-seeming, €2 trillion German powerhouse, a group of financiers met to consider a proposal from a team led by a trim, 40-year-old banker named Michele Faissola.

The scion of an Italian banking family, Faissola was the head of Deutsche’s global rates unit, a division that created and sold financial instruments tied to interest rates. He’d been studying the problems of one of Deutsche’s clients, Italy’s Banca Monte dei Paschi di Siena, which, as the crisis raged, was down €367 million ($462 million at the time) on a single investment. Losing that much money was bad; having to include it in the bank’s yearend report to the public, as required by Italian law, was arguably much worse. Monte dei Paschi was the world’s oldest bank. It had been operating since 1472, not long after the invention of the printing press, when the Black Death was still a living memory. If investors were to find out the extent of its losses in the 2008 credit crisis, the consequences would be unpredictable and grave: a run on the bank, a government takeover, or worse. At the Deutsche meeting, Faissola’s team said it had come up with a miraculous solution: a new trade that would make Paschi’s loss disappear. (Emphasis added)

The crucial point to focus on here is not only Faissola’s connection to the Banca Monte dei Paschi di Sienna, the world’s oldest bank, in continual operation since the Renaissance, but also his position as head of Deutsche Bank’s global rates unit, which, the article also notes, “created and sold financial instruments tied to interest rates,” for later on in the article, we learn that Deutsche Bank is under investigation for its role in helping to rig the LIBOR (London Inter-Bank Offered Rate), which Wikipedia notes is ” the primary benchmark, along with the Euribor, for short-term interest rates around the world.” (See Wikipedia: Wikipedia LIBOR):

This month the bank agreed to pay $7.2 billion to resolve a U.S. probe into its subprime mortgage business, admitting it misled investors. Deutsche has paid more than $9 billion in further fines and settlements related to claims of tax evasion; violating sanctions against Iran, Libya, Syria, Myanmar, and Sudan; rigging the $300 trillion Libor market; and other alleged breaches of the law.
(Emphasis added)

Having a division that creates and sells financial instruments “tied to interest rates” such as the widely used LIBOR is a handy thing to have around, particularly if one is also engaged in rigging that very London Inter-Bank Offered Rate!

In any case, Faissola had approached Deutsche Bank with what can only be regarded as a “scheme” to help the troubled Banca Monte dei Paschi di Sienna, and this is where it gets interesting. As the article notes, Faissola proposed a “sure-thing, moneymaking bet with Deutsche Bank and use those winnings to extinguish its 2008 trading losses” by engineering a two-step trade, with one transaction bet which would make immediate gains, and the second transaction staged over time “that was sure to lose”, and of course, Deutsche Bank would profit from fees in both trades. But as the article also observes, as Faissola was pitching his plan – the details of which we’ll get to in a moment, doubts were being raised within the bank about the plan’s structure:

Outside the room, one of Faissola’s longtime colleagues was raising questions about the deal. William Broeksmit, a managing director who specialized in risk optimization, was concerned about the winner-loser construction. A Chicago-born son of a United Church of Christ minister, Broeksmit had decades earlier been a pioneer in interest rate swaps, the financial instruments that had rewritten the possibilities—and profitability—of investment banking. But Broeksmit, 53, was also against reckless derivative deals, which is how he viewed Faissola’s proposal, according to a person familiar with his thinking. Eleven minutes after the meeting began, Broeksmit e-mailed one of its attendees with a warning about the Paschi trade and its “reputational risks.”

If the name William Broeksmit sounds familiar, it should for he’s one of those “suicided” bankers, as the article also notes, for when the whole plan exploded into public view in Italy in 2013, it was accompanied by two more of those suspicious “banker deaths”, one of whom was William Broeksmit, and the other was David Rossi, of Banca Monte dei Paschi di Sienna:

Among the casualties was David Rossi, Paschi’s communications chief. At about 9 p.m. on March 6, a bank employee noticed that Rossi was missing from his fourth-floor office. A window had been left open. Authorities found Rossi’s body in a courtyard below. Rossi, 51, wasn’t himself the subject of any inquiries, but his home had been searched two weeks earlier by police. His death was at first ruled a suicide, but the inquest has been reopened based on evidence his wife presented, including security video that shows Rossi fell out backward.

Several months after Rossi’s death, in January 2014, Broeksmit was supposed to meet his wife of almost 30 years at a cafe near their home in the South Kensington neighborhood of London. He didn’t show. When she returned home, she found his body hanging from the leash attached to a door. In a dog bed, he’d left suicide notes, including one addressed to Jain, his longtime colleague. The New York Post reported last year that the note to Jain contained an apology. A summary of Deutsche Bank’s own review of the suicide, seen by Bloomberg Businessweek, doesn’t mention the note and says the review found no direct link between Broeksmit’s death and his work at Deutsche.

Why Broeksmit? Well, perhaps because he had been given broad authority within the big German bank on its “management approval committee, where Broeksmit had influence. Top management,” the article notes, “had just handed Broeksmit broad authority to police risk across the firm…”. And there’s more, for as news began to come out publicly about the details of the scheme, the German banking regulatory authority, BaFin began an audit in January 2014, and as Bloomberg Business Week states, even though the report “has never been make public,” Bloomberg managed to obtain a copy, just how, we’re not told, but we may be sure it involved big players, perhaps in the intelligence community. The audit began on Jan 27, 2014, the day after Mr. Broeksmit “was found at his London home, hanging from a dog leash.”

As the article also notes, when Deutsche Bank moved aggressively to enter the world of investment banking, it hired Edson Mitchell from Merrill Lynch. Mitchell brought in Broeksmit, and Anshu Jain, “a prodigy at selling such risky, fee-laden products to hedge funds.” Mitchell died in a plane accident three days before Christmas in 2000.

I don’t know about you, but three banker deaths, all tied to the same bank, seems a little more than just “coincidence.”

But whether…

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About Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.