Another Suicide – Manhattan Trader Steps in Front of Speeding Train
The New York Post is reporting that Edmund (Eddie) Reilly took his own life on Tuesday Morning by stepping in front of a speeding train near the Syosset station. In doing so he potentially becomes the 11th financial industry suicide of 2014. I say “potentially” because some cases are still unresolved.
Here is an excerpt from the report:
A Manhattan trader was killed Tuesday morning by a speeding Long Island Rail Road commuter train, marking at least the seventh suicide of a financial professional this year.
Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, jumped in front of an LIRR train at 6 a.m. near the Syosset train station.
He was declared dead at the scene.
Reilly’s identity was confirmed by Salvatore Arena, an LIRR spokesperson, who said an investigation into the incident was continuing.
Passengers on the west-bound express train told MTA investigators they saw a man standing by the tracks before he jumped in front of the train, Arena said.
This is now the 11th suicide and/or suspected suicide in the financial world since the beginning of the year. Here is a list of the previous ten:
There have been a spate of suicides amongst financial services employees since the beginning of 2014. They’ve occurred in London, the U.S. and Hong Kong.
1. William Broeksmit, a 58-year-old former senior executive for Deutsche Bank AG, was found dead in at home after apparently taking his own life in South Kensington in central London, on January 26
2. Karl Slym, the 51 year old Tata Motors managing director was discovered dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27
3. Gabriel Magee, the 39-year-old JP Morgan employee, who died after plummeting from the roof of the JP Morgan European headquarters in London’s Canary Wharf on January 27
4. Mike Dueker, the 50-year-old chief economist of US bank Russell Investments was discovered dead near to the Tacoma Narrows Bridge in Washington State on January 31
5. Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead on February 4 after apparently shooting himself with a nail gun.
6. Tim Dickenson, who was a U.K.-based communications director at Swiss Re AG, died in late January, in as yet unexplained circumstances
7. Ryan Henry Crane, the 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago on February 3 at his home in Connecticut
8. Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong on February 19
9. James Stuart, the former National Bank of Commerce CEO was found dead in Scottsdale, Arizona on the morning of February 19. The cause of death has yet to be announced
10. Autumn Radtke, the CEO of First Meta, a digital currency exchange firm who was found dead on February 28 outside her Singapore apartment.
Eddie Reilly seemed to be a common stock trader and adding him to this list seems to be a stretch if you are looking to develop conspiracy theories. Though I have a hard time understanding how someone could kill himself with a nail gun in the manner that Richard Talley did, I am not sure that I buy the grand conspiracy of this.
What I believe is that the global economy is crashing and it cannot be stopped. Things will soon change for billions of people who have become accustomed to a certain quality of life. Even for the poorest people that lifestyle is about to take a change for the worse.
I don’t think we should be surprised that some financial workers and executives are killing themselves. They know what is coming and simply do not want to live a life that is perceived by them as “less than what they are accustomed to.”
Could there also be some grand conspiracy in play? Sure. I never say never.
But for a guy who was simply a trader, I doubt he had any major role. I think that life’s pressures simply got to him and part of that may have been the horrible direction in which the economy is heading. You don’t have to be a financial expert to see that coming.
And just like Reilly, a lot of people are going to be hit by a speeding train in the near future.
Please prepare yourself as best you can by stocking up. If things go as badly as some predict it could mean life or death for you and your loved ones.
What are we to make of this sudden rash of banker suicides? Does this trail of dead bankers lead somewhere? Or could it be just a coincidence that so many bankers have died in such close proximity? I will be perfectly honest and admit that I do not know what is going on. But there are some common themes that seem to link at least some of these deaths together. First of all, most of these men were in good health and in their prime working years. Secondly, most of these “suicides” seem to have come out of nowhere and were a total surprise to their families. Thirdly, three of the dead bankers worked for JP Morgan. Fourthly, several of these individuals were either involved in foreign exchange trading or the trading of derivatives in some way. So when “a foreign exchange trader” jumped to his death from the top of JP Morgan’s Hong Kong headquarters this morning, that definitely raised my eyebrows. These dead bankers are starting to pile up, and something definitely stinks about this whole thing.
Gerald Celente: Banker Suicides Prequel to Global Collapse – The onset of the great depression of the 1930’s brought a spike in banker suicides, Will Rogers noted of the time, “When Wall Street took that tail spin, you had to stand in line to get a window to jump out of, and speculators were selling space for bodies in the East River.”
Winston Churchill – the day after Black Friday – observed, “Under my very window a gentleman cast himself down fifteen stories and was dashed to pieces, causing a wild commotion and the arrival of the fire brigade,”
Nearly Eighty-five years later the phenomenon of banker suicides appears to have returned.
The week of January 20th would be the last for Swiss Re AG communications director Tim Dickenson but wouldn’t be the last in a string of deaths and suicides for International bankers.
Just days after Dickenson’s death on January 26, police found former Deutsche Bank executive Bill Broeksmit in his South Kensington London home after he’d hung himself.
The next day on January 27, JP Morgan senior manager Gabriel Magee, jumped 500 feet to his death from JP Morgan’s central London Headquarters he was a 39-year-old
A few days later on January 29, Cheif Economist for Seattle based Russel investments, Mike Dueker, was reported missing by friends, he was found later at the base of a 50 foot embankment. Police called it a suicide.
On February 4th, in a bizarre manner of death, the coroner ruled Suicide for Richard Talley, 57 who founded American Title Services in Centennial, Colorado. He had a total of eight wounds to his body and head – the method of death – a Nail Gun.
Last week on, February 17th, Dennis Li Junjie jumped to his death, shortly after lunch, from a the roof of the Asian headquarters for JP Morgan – he was only 33.
In the last eight months there have been at least 12 reported deaths of bankers perishing under questionable circumstances.
High stress banking careers are being blamed for the recent suicides. However, the answer may not be that simple.
Returning to the program, via Skype from his New York office, to give us insight into these deaths is Gerald Celente publisher of the Trends Journal.
Bitcoin firm CEO jumped from 25-story building to her death
Startling new information has come to light in the death of 28-year-old Autumn Radtke, the CEO of First Meta, a Singapore-based virtual currency exchange.
The former Silicon Valley whiz-kid jumped from a nearby 25-story apartment building about 7 a.m. last Wednesday, according to a neighbor.
Police reported that Radtke was found lying motionless outside the building and was declared dead by paramedics. Her death has now been classified as a case of unnatural death.
Initial reports had Radtke’s body being found in her apartment. Singapore officials try to downplay suicides since the city-state hit an all-time high of 487 deaths in 2012.
The Cantonment Close apartment buildings, near where the body was found, are a two-minute walk from Radtke’s apartment, according to the neighbor.
“We had a wake at her house on Friday,” said the neighbor, who wished to remain anonymous.
“She was one of those ‘up and down’ types, by all accounts. She was often on her front step until 4 to 5 a.m. talking to California most nights of the week,” the neighbor added.
Radtke joined First Meta in 2012. First Meta is an exchange for digital currencies used in games and virtual worlds, such as Linden dollars from the Second Life online world. It accepts bitcoins as payment for other virtual currencies.
As law-enforcement officials await toxicology reports, friends said they should have seen the signs of stress and realized that she was reaching out for help.
“Everything has its price,” Radtke said in commenting on an Inc. magazine essay she posted online titled “The Psychological Price of Entrepreneurship.”