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."
Read the rest of the article here.
33rd floor... Why that one? Guess he didn't pass the test?