Wall Street on Parade ^ | 2/12/14 | Pam Martens – Russ Martens
The nonstop crime news swirling around JPMorgan Chase for a solid 18 months has started to feel a little spooky – they do lots of crime but never any time; and with each closed case, a trail of unanswered questions remains in the public’s mind.
Just last month, JPMorgan Chase acknowledged that it facilitated the largest Ponzi scheme in history, looking the other way as Bernie Madoff brazenly turned his business bank account at JPMorgan Chase into an unprecedented money laundering operation that would have set off bells, whistles and sirens at any other bank.
The U.S. Justice Department allowed JPMorgan to pay $1.7 billion and sign a deferred prosecution agreement, meaning no one goes to jail at JPMorgan — again. The largest question that no one can or will answer is how the compliance, legal and anti-money laundering personnel at JPMorgan ignored for years hundreds of transfers and billions of dollars in round trip maneuvers between Madoff and the account of Norman Levy. Even one such maneuver should set off an investigation. (Levy is now deceased and the Trustee for Madoff’s victims has settled with his estate.)
Then there was the report done by the U.S. Senate’s Permanent Subcommittee on Investigations of the London Whale episode which left the public in the dark about just what JPMorgan was doing with stock trading in its Chief Investment Office in London, redacting all information in the 300-page report that related to that topic.
Wall Street On Parade has been filing Freedom of Information Act (FOIA) requests with the Federal government in these matters, and despite the pledge from our President to set a new era of transparency, thus far we have had few answers coming our way.
One reason that JPMorgan may have such a spooky feel is that it has aligned itself in no small way with real-life spooks, the CIA kind.
Just when the public was numbing itself to the endless stream of financial malfeasance which cost JPMorgan over $30 billion in fines and settlements in just the past 13 months, we learned on January 28 of this year that a happy, healthy 39-year old technology Vice President, Gabriel Magee, was found dead on a 9th level rooftop of the bank’s 33-story European headquarters building in the Canary Wharf section of London.
The way the news of this tragic and sudden death was stage-managed by highly skilled but invisible hands, turning a demonstrably suspicious incident into a cut-and-dried suicide leap from the rooftop (devoid of eyewitnesses or motivation) had all the hallmarks of a sophisticated covert operation or coverup.
The London Evening Standard newspaper reported the same day that “A man plunged to his death from a Canary Wharf tower in front of thousands of horrified commuters today.” Who gave that completely fabricated story to the press? Commuters on the street had no view of the body because it was 9 floors up on a rooftop – a rooftop that is accessible from a stairwell inside the building, not just via a fall from the roof. Adding to the suspicions, Magee had emailed his girlfriend the evening before telling her he was finishing up and would be home shortly.
If JPMorgan’s CEO, Jamie Dimon, needed a little crisis management help from operatives, he has no shortage of people to call upon. Thomas Higgins was, until a few months ago, a Managing Director and Global Head of Operational Control for JPMorgan. (A BusinessWeek profile shows Higgins still employed at JPMorgan while the New York Post reported that he left late last year.) What is not in question is that Higgins was previously the Senior Officer and Station Chief in the CIA’s National Clandestine Service, a component of which is the National Resources Division. (Higgins’ bio is printed in past brochures of the CIA Officers Memorial Foundation, where Higgins is listed with his JPMorgan job title, former CIA job title, and as a member of the Foundation’s Board of Directors for 2013.)
According to Jeff Stein, writing in Newsweek on November 14, the National Resources Division (NR) is the “biggest little CIA shop you’ve never heard of.” One good reason you’ve never heard of it until now is that the New York Times was asked not to name it in 2001. James Risen writes in a New York Times piece: [the CIA’s] “New York station was behind the false front of another federal organization, which intelligence officials requested that The Times not identify. The station was, among other things, a base of operations to spy on and recruit foreign diplomats stationed at the United Nations, while debriefing selected American business executives and others willing to talk to the C.I.A. after returning from overseas.”
Stein gets much of that out in the open in his piece for Newsweek, citing sources who say that “its intimate relations with top U.S. corporate executives willing to have their companies fronting for the CIA invites trouble at home and abroad.” Stein goes on to say that NR operatives “cultivate their own sources on Wall Street, especially looking for help keeping track of foreign money sloshing around in the global financial system, while recruiting companies to provide cover for CIA operations abroad. And once they’ve seen how the other 1 percent lives, CIA operatives, some say, are tempted to go over to the other side.”
We now know that it was not only the Securities and Exchange Commission, the U.S. Treasury Department’s FinCEN, and bank examiners from the Comptroller of the Currency who missed the Madoff fraud, it was top snoops at the CIA in the very city where Madoff was headquartered.
Stein gives us even less reason to feel confident about this situation, writing that the NR “knows some titans of finance are not above being romanced. Most love hanging out with the agency’s top spies — James Bond and all that — and being solicited for their views on everything from the street’s latest tricks to their meetings with, say, China’s finance minister. JPMorgan Chase’s Jamie Dimon and Goldman Sach’s Lloyd Blankfein, one former CIA executive recalls, loved to get visitors from Langley. And the CIA loves them back, not just for their patriotic cooperation with the spy agency, sources say, but for the influence they have on Capitol Hill, where the intelligence budgets are hashed out.”
Higgins is not the only former CIA operative to work at JPMorgan. According to a LinkedIn profile, Bud Cato, a Regional Security Manager for JPMorgan Chase, worked for the CIA in foreign clandestine operations from 1982 to 1995; then went to work for The Coca-Cola Company until 2001; then back to the CIA as an Operations Officer in Afghanistan, Iraq and other Middle East countries until he joined JPMorgan in 2011.
In addition to Higgins and Cato, JPMorgan has a large roster of former Secret Service, former FBI and former law enforcement personnel employed in security jobs. And, as we have reported repeatedly, it still shares a space with the NYPD in a massive surveillance operation in lower Manhattan which has been dubbed the Lower Manhattan Security Coordination Center.
JPMorgan and Jamie Dimon have received a great deal of press attention for the whopping $4.6 million that JPMorgan donated to the New York City Police Foundation. Leonard Levitt, of NYPD Confidential, wrote in 2011 that New York City Police Commissioner Ray Kelly “has amended his financial disclosure forms after this column revealed last October that the Police Foundation had paid his dues and meals at the Harvard Club for the past eight years. Kelly now acknowledges he spent $30,000 at the Harvard Club between 2006 and 2009, according to the Daily News.”
JPMorgan is also listed as one of the largest donors to a nonprofit Foundation that provides college tuition assistance to the children of fallen CIA operatives, the CIA Officers Memorial Foundation. The Foundation also notes in a November 2013 publication, the Compass, that it has enjoyed the fundraising support of Maurice (Hank) Greenberg. According to the publication, Greenberg “sponsored a fundraiser on our behalf. His guest list included the who’s who of the financial services industry in New York, and they gave generously.”
Hank Greenberg is the former Chairman and CEO of AIG which collapsed into the arms of the U.S. taxpayer, requiring a $182 billion bailout. In 2006, AIG paid $1.64 billion to settle federal and state probes into fraudulent activities. In 2010, the company settled a shareholders’ lawsuit for $725 million that accused it of accounting fraud and stock price manipulation. In 2009, Greenberg settled SEC fraud charges against him related to AIG for $15 million.
Before the death of Gabriel Magee, the public had lost trust in the Justice Department and Wall Street regulators to bring these financial firms to justice for an unending spree of fleecing the public. Now there is a young man’s unexplained death at JPMorgan. This is no longer about money. This is about a heartbroken family that will never be the same again; who can never find peace or closure until credible and documented facts are put before them by independent, credible law enforcement.
The London Coroner’s office will hold a formal inquest into the death of Gabriel Magee on May 15. Wall Street On Parade has asked that the inquest be available on a live webcast as well as an archived webcast so that the American public can observe for itself if this matter has been given the kind of serious investigation it deserves. We ask other media outlets who were initially misled about the facts in this case to do the same. Wall Street on Parade ^
By Pam Martens: February 9, 2014
(Left) JPMorgan’s European Headquarters at 25 Bank Street, in the Canary Wharf Section of London
London Police have confirmed that an official investigation is underway into the death of a 39-year old JPMorgan Vice President whose body was found on the 9th floor rooftop of a JPMorgan building in Canary Wharf two weeks ago.
The news reports at the time of the incident of Gabriel (Gabe) Magee’s “non suspicious” death by “suicide” resulting from his reported leap from the 33rd level rooftop of JPMorgan’s European headquarters building in London have turned out to be every bit as reliable as CEO Jamie Dimon’s initial response to press reports on the London Whale trading scandal in 2012 as a “tempest in a teapot.”
An intense investigation is now underway into the details of exactly how Magee died and why his death was so quickly labeled “non suspicious.” An upcoming Coroner’s inquest will reveal the details of that investigation.
It’s becoming clear that when JPMorgan tells us “nothing to see here, move along,” that’s the precise time we need to bring in the blood hounds and law enforcement with the guts to get past this global behemoth’s army of lawyers who have a penchant for taking over investigations and producing their own milquetoast reports of what happened.
Jamie Dimon’s so-called “tempest in a teapot” in the London Whale matter morphed into $6.2 billion in bank depositor losses, $1 billion in fines to JPMorgan, 300 pages of scandalous details by the U.S. Senate’s Permanent Subcommittee on Investigations that called into question JPMorgan’s risk controls and the integrity of upper management, and, finally, resulted in criminal charges against two of the men involved. The criminal cases have yet to go to trial.
According to numerous sources close to the investigation of Gabriel Magee’s death, almost nothing thus far reported about his death has been accurate. This appears to stem from an initial poorly worded press release issued by the Metropolitan Police in London which may have been a result of bad communications between it and JPMorgan or something more deliberate on someone’s part.
The Metropolitan Police have provided me with their original press release. It reads:
“Police were called at approximately 08.02 hrs on Tuesday 28 January to reports of a man having fallen from a building at 25 Bank Street, E14 and landing on a ninth floor roof. London Ambulance Service and London Air Ambulance attended. The man was pronounced dead at the scene a short while later. The deceased is believed to be aged 39. We believe we know the identity of the deceased but await formal identification. Next of kin have been informed. No arrests have been made and the death is being treated as non-suspicious.”
That press release resulted in CNBC running with this headline: “Death Plunge at JP Morgan Tower Not Suspicious, Police Say.” Dozens of other media followed with similar reporting.
The Independent newspaper in London flatly stated that Magee “died after falling from the roof.” The London Evening Standard tweeted: “Bankers watch JP Morgan IT exec fall to his death from roof of London HQ,” which linked to their article which declared in its opening sentence that “A man plunged to his death from a Canary Wharf tower in front of thousands of horrified commuters today.”
At this moment in time, police have yet to produce a single witness who saw Magee jump from the rooftop of this building, let alone “thousands of horrified commuters.” (Exactly why would thousands of horrified commuters be standing in front of 25 Bank Street at 8:02 a.m. with their necks tilted up toward the roof? Magee did not land on the sidewalk; his body was found on a rooftop 9 floors above street level.) Both the Independent and London Evening Standard newspapers are majority owned by Alexander Lebedev, a Russian and former KGB agent.
No one in the media seemed to notice that Iain Dey, Deputy Business Editor of the Sunday Times in London, flatly disputed the notion that a plunge from the rooftop had been observed by anyone when he reported that: “Gabriel Magee’s body lay for several hours before it was found at 8am last Tuesday.”
The only facts in this case which are currently reliable are that fellow workers looking from their windows in the building noticed a body lying on the 9th level rooftop, which juts out from the main 33-story building, at around 8:02 a.m. on Tuesday, January 28, and called the police. There is no concrete proof at this moment in time that Magee fell, jumped or was ever on the 33-story rooftop, which is a highly secured area of the building unobtainable by employees other than top security and maintenance personnel. According to design documents that have been publicly filed, the rooftop functions as a highly sophisticated cooling plant with large, bulky machinery taking up the majority of the space on the side of the building from which Magee would have had to jump in order to land on the 9th level rooftop.
No solid evidence exists currently to suggest that the death was a suicide. In fact, there is a strong piece of evidence pointing in the opposite direction. Magee had emailed his girlfriend, Veronica, on the evening of January 27 to say that he was about to leave the office and would see her shortly. She received no further emails from him, suggesting that whatever happened to Magee happened shortly thereafter, not the next morning. According to multiple sources, Magee’s girlfriend reported his disappearance on the evening of January 27. The Metropolitan Police would provide me with no details on that investigation.
The JPMorgan building at 25 Bank Street is located in the borough of Tower Hamlets. According to drawings and plans submitted by JPMorgan to the borough after it purchased the building for £495 million in 2010, the 9th floor roof is accessible “via the stair from level 8 within the existing Level 9 plant enclosure…” In other words, it would be just as reasonable to entertain the possibility that Magee suffered his physical injuries inside the building and his body was placed on the 9th level rooftop via an internal staircase access sometime during the night of January 27.
The LinkedIn profile that Magee set up for himself online indicates that he was involved with “Technical architecture oversight for planning, development, and operation of systems for fixed income securities and interest rate derivatives.” As a key part of the computer technology group in London, Magee may have been involved in providing subpoenaed material for the London Whale investigation and the myriad other investigations that JPMorgan has been sanctioned and fined for over the last year. There are two serious open investigations into foreign exchange rigging and potential manipulation of commodities markets.
The Financial Conduct Authority (FCA) lists the man known as the London Whale, Bruno Iksil, who is cooperating with criminal prosecutors, and the two traders who have been criminally charged with hiding hundreds of millions of dollars in losses, Javier Martin-Artajo and Julien Grout, as having the same JPMorgan address, 25 Bank Street, as did Gabriel Magee.
Documents produced by the U.S. Senate’s Permanent Subcommittee on Investigations, however, show a 2012 address for JPMorgan’s Chief Investment Office in London, supposedly where the London Whale trades were originating, as 100 Wood Street, 6th Floor, London. If the London Whale traders were located at an address other than the European Headquarters for JPMorgan, it could have been to evade detection by regulators that the firm was using bank deposits in the United States, that carried FDIC insurance, to place high risk gambles in London in the derivatives market.
The Senate’s 300-page report noted that key traders involved in the London Whale matter, including Iksil, Martin-Artajo, and Grout, refused to submit to interviews by the Senate investigators. The Senate report notes that “their refusal to provide information to the Subcommittee meant that this Report had to be prepared without their direct input. The Subcommittee relied instead on their internal emails, recorded telephone conversations and instant messages, internal memoranda and presentations, and interview summaries prepared by the bank’s internal investigation, to reconstruct what happened.”
If Magee became aware that incriminating emails, instant messages, or video teleconferences were not turned over in their entirety to Senate investigators or Justice Department prosecutors, that might be reason enough for his untimely death. Yes, this is speculation. But it is along the lines that smart thinking investigators need to intensely explore to bring peace of mind and answers to Gabriel Magee’s loved ones and coworkers.
Godfather Original Song – ll Padrino
It’s an international heist perped by the 1% global bankster-gangster mafioso who have the money to pay off corrupt politicians via lobbyists/foundation – NGO’s, intelligence services w/ people on the take – CIA, MI5-6, BND, CNI, and so on. The 1% global powers and their agents have infiltrated every government agency in the globe, and control every area of our lives. What to do:
If we understand that the fundamental problem facing not only America, but the entire world, is a global corporate-financier oligarchy that has criminally consolidated their wealth by “liberalizing” their own activities while strangling ours through regulations, taxes, and laws, we should then understand why events like Beck’s “Restoring Honor” are not only fruitless, but in fact, counterproductive. We should also realize that any activity we commit ourselves to must be directed at this corporate-financier oligarchy rather than the governments they have co-opted and positioned as buffers between themselves and the
While people understand something is wrong and recognize the necessity to do “something,” figuring out what that “something” should be becomes incredibly difficult when so few understand how power really works and how to strip it away from the oligarchs that have criminally consolidated it…. Continued: http://landdestroyer.blogspot.com/2012/10/self-sufficiency-local-solution-to.html