Tags: Deutsche Bank | suicide | mystery | LIBOR

NY Post: Banker Suicides Leave Many Unanswered Questions

NY Post: Banker Suicides Leave Many Unanswered Questions
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By    |   Monday, 13 June 2016 10:46 AM

At least 40 bankers killed themselves in the two-year period after a major financial scandal that implicated trading desks worldwide, and three of those suicides are enshrouded with mystery.

“In each case, the victim had a connection to a burgeoning global banking scandal, leaving more questions than answers as to the circumstances surrounding their deaths,” according to the New York Post. “But all three men worked for, or did business with, Deutsche Bank.”

European and U.S. regulators in 2013 began to probe what would become known as the Libor scandal, in which London bankers conspired to rig the London Interbank Offered Rate, which determines the interest banks charged on mortgages. The scandal would cost international banks including Deutsche Bank about $20 billion in fines.

David Rossi, a 51-year-old communications director at an bank Italian Monte dei Paschi di Siena that did business with Deutsche Bank, was found dead in an alleyway beneath his third-floor office window in the 14th-century palazzo that served as the bank’s headquarters.

Security video shows that he wasn’t killed instantly, but lay on the ground moving as two men walked over to him and didn’t help him before leaving the scene. The death was ruled a suicide after an alleged suicide note was found, but his wife questioned its veracity.

William Broeksmit, 58, a Deutsche Bank exec was found hanging from a dog leash tied to a door at his London home in January 2014. A Deutsche Bank colleague was called and arrived minutes later, and began going through the bank papers and read the suicide notes.

“Yes, he killed himself,” stepson Val Broeksmit told the NY Post. “But there’s a question: could it be suicide by extortion, could it be suicide by pressure or saying if you don’t do this, we’re going to do this? There’s a couple suspicions I have.”

Two years ago, Calogero “Charles” Gambino, 41, a married father of two kids and an in-house lawyer for Deutsche Bank, was found by his wife hanging from an upstairs balcony of his Brooklyn home. There was no reported note and his tight-knit family has refused to speak about his death.

“Gambino’s death was ruled a suicide. In his case and in the cases of both Rossi and Broeksmit, probers never looked for, nor discovered, common threads,” the NY Post reported. “It appears that one or more of the scandals that enveloped Deutsche Bank and/or Monte Paschi since the financial crisis had crossed each of their desks.”

Late last year, Italian authorities exhumed Rossi’s body and reopened an investigation. A ruling on whether Rossi killed himself or was murdered is expected later this month, the newspaper reported.

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StreetTalk
At least 40 bankers killed themselves in the two-year period after a major financial scandal that implicated trading desks worldwide, and three of those suicides are enshrouded with mystery.
Deutsche Bank, suicide, mystery, LIBOR
443
2016-46-13
Monday, 13 June 2016 10:46 AM
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