Search Results for: suicide

By Pam Martens and Russ Martens: September 28, 2016 On September 22, 2016 eight Senate Democrats, including Elizabeth Warren, Bernie Sanders, Jeff Merkley and Sherrod Brown, wrote to the Department of Labor requesting an investigation of the banking behemoth, Wells Fargo, to determine if it violated labor laws. The letter came amidst the public outcry over news that Wells Fargo’s employees had opened as many as 2 million customer accounts without authorization in order to meet stringent sales quotas for cross-selling products. The Senators wrote in the letter: “…dozens of former and current Wells Fargo employees have come forward to describe the lengths they went to in order to meet the bank’s aggressive sales quotas. When quotas weren’t met, employees faced threats of termination; mandated hours of unpaid overtime; harassment; and other forms of retaliation. For years Wells Fargo employees have described a management culture characterized by ‘mental abuse,’ being … Continue reading →

By Pam Martens: April 14, 2015 At approximately 1:07 p.m. on Saturday afternoon, April 11, during the annual Cherry Blossom Festival celebrating springtime in the Nation’s Capitol, a 22-year old man took his own life with a gun on the Capitol grounds with a protest sign taped to his hand. According to the Washington Post, the sign read: “Tax the one percent.” Yesterday, the Metropolitan Police Department released the young man’s name. He was Leo P. Thornton of Lincolnwood, Illinois. Based on what is currently known, the young man had traveled to Washington, D.C. for the express purpose of making a political statement with his sign and then ending his young life. The Chicago Tribune reported that “Thornton’s parents filed a missing persons report on the morning of April 11 after he never came home from work on April 10, Lincolnwood Deputy Police Chief John Walsh said.” Those are the … Continue reading →

By Pam Martens and Russ Martens: February 9, 2015 For the second time in seven months, an employee of JPMorgan Chase is alleged to have brutally murdered his wife and then taken his own life. According to Bergen County, New Jersey Prosecutor John Molinelli and police reports, 27-year old Michael A. Tabacchi and his wife, Iran Pars Tabacchi (who also went by the name Denise) were discovered dead on Friday evening, February 7, in their home in Closter, New Jersey. Their infant son was in the home and unharmed. He is under the care of the paternal grandparents. A text message from the home had been sent to the father of Michael Tabacchi asking him to come to the home, according to media reports. The father found the couple. County Prosecutor Molinelli seems to have made short work of his investigation, tweeting yesterday: “Autopsy on Closter couple shows wife died … Continue reading →

By Russ Martens and Pam Martens: July 14, 2014 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 … Continue reading →

By Russ Martens and Pam Martens: March 11, 2014 Questions continue to mount over why a rash of suspicious deaths among executives in the financial services industry are occurring now when the worst of the crisis, layoffs, bankruptcies and bailouts occurred over five years ago – or at least Federal officials keep assuring us that the worst is over. The underlying concern is that we still cannot get a clear assessment of global financial risks because of what we can’t see: the interconnectedness of global banking; offshore banking; off balance sheet vehicles; and regulatory arbitrage where U.S. financial institutions move high risk operations to foreign locales with light-touch regulators. It now emerges that there are significant financial ties between JPMorgan Chase, which experienced three suspicious deaths of employees in their 30s in January and February of this year, and two Swiss insurers where a suspicious executive death occurred in August … Continue reading →