Thanks to The Feral Irishman for the tip on this one today.
Kenneth Bellando was a 28 year old banker who is the latest in the string of suicides that have been piling up this year. He worked for Levy Capital since January of this year. That's only 2 months. He previously worked as an investment analyst over at JP Morgan. His father, John Bellando and his brother, also named John, is a top chief investment officer at JP Morgan and works on risk exposure valuations.
In 2012, John Bellando, Jr's. emails were cited during testimony at the Senate Finance Committee's inquiry into the banks losses during the London Whale trade scandal. If you aren't aware of the London Whale fiasco, I will try to explain the gist of it here.
The London Whale Scandal happened in 2012 when JP Morgan traders bet huge sums of money on complex financial instruments and then covered up their losses when trades went wrong. One of the highest paid bankers in London at that time was Bruno Iksil. He was responsible for losing the bank 1.2 billion (euro) through bets of derivative credit default swaps. Bruno agreed to testify against his colleagues and it is believed he was granted immunity by American prosecutors.
JP Morgan agreed to pay 920 million (USD) in fines to US and British regulators and even publicly admitted to wrongdoing in this fiasco. That is very rare for them to do and I am certain it came with no shortage of pride being kicked in the teeth. The total amount of losses came to 6.2 billion. That's not chump change, even to a big bank.
Two other traders who worked with Bruno Iksil in London, Javier Martin-Artajo and Julien Grout, were criminally charged by US prosecutors for their role in the scandal. They were accused of attempting to hide the ever mounting losses. Even though Bruno himself played a huge role in this debacle, because he chose to sing like a canary, he was not charged.
John Bellando, the brother of suicidal banker, Kenneth Bellando, had his emails used as testimony against JP Morgan. I will dig into this more later but for the time being, nothing seems right or plausible about these suicides. There are too many irregularities concerning all of these bankers. Here is a rundown of the ones who have committed suicide this year.
Medal of Freedom for Killing 4 Million Americans
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What moonbats take control of, they debase. Consider what they have done to
the news media and academia. Consider what Joe Biden has done to the
Presiden...
3 hours ago
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