Joseph P Farrell – 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: Continue reading
Greg Hunter – Helen Davis Chaitman was the lead attorney representing the victims of the $65 billion Bernie Madoff scam. Madoff had help form JP Morgan Chase Bank, and what she found out was stunning. Chaitman explains, “JP Morgan Chase was the subject of a criminal complaint . . . it was charged with a criminal violation of the Bank Secrecy Act, which is a felony violation. JP Morgan Chase disgorged a small percentage of the profits it made on the Madoff relationship, and the government called it quits. Nobody was fired. Nobody disgorged bonuses, they just went on doing other crimes.”