Comment: Total silence in the mainstream media of course...
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Wall St. On Parade
Kenneth Bellando, age 28, was found outside his East Side apartment building on March 12 in what the New York Post is calling “an apparent suicide” despite an ongoing police investigation into the matter.
The building from which Bellando allegedly jumped was only six stories – by no means ensuring that death would result – providing the police with an additional reason to investigate for foul play.
The young Bellando, who had previously worked for JPMorgan Chase himself, was the brother of John Bellando, who was named in the Senate Permanent Subcommittee on Investigations’ report on how JPMorgan had hid losses and lied to regulators in the London Whale derivatives trading debacle that resulted in losses of at least $6.2 billion. Congressional outrage was heightened by the fact that JPMorgan was gambling in London in high risk and illiquid derivatives using deposits from its FDIC insured bank, not with its own capital.
At the time of the London Whale investigation in the U.S. Senate, John Bellando’s job title was “Associate” at JPMorgan. In September of last year, the same month that JPMorgan settled the London Whale matter with four sets of regulators for $920 million, John Bellando was promoted to Vice President, according to his LinkedIn profile. He is still doing much of the same work he did during the buildup of the London Whale derivative positions, which includes: developing and presenting “key risk analytic reports for senior treasury management, business partners, various risk committees and regulators…”
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Wall St. On Parade
Kenneth Bellando, age 28, was found outside his East Side apartment building on March 12 in what the New York Post is calling “an apparent suicide” despite an ongoing police investigation into the matter.
The building from which Bellando allegedly jumped was only six stories – by no means ensuring that death would result – providing the police with an additional reason to investigate for foul play.
The young Bellando, who had previously worked for JPMorgan Chase himself, was the brother of John Bellando, who was named in the Senate Permanent Subcommittee on Investigations’ report on how JPMorgan had hid losses and lied to regulators in the London Whale derivatives trading debacle that resulted in losses of at least $6.2 billion. Congressional outrage was heightened by the fact that JPMorgan was gambling in London in high risk and illiquid derivatives using deposits from its FDIC insured bank, not with its own capital.
At the time of the London Whale investigation in the U.S. Senate, John Bellando’s job title was “Associate” at JPMorgan. In September of last year, the same month that JPMorgan settled the London Whale matter with four sets of regulators for $920 million, John Bellando was promoted to Vice President, according to his LinkedIn profile. He is still doing much of the same work he did during the buildup of the London Whale derivative positions, which includes: developing and presenting “key risk analytic reports for senior treasury management, business partners, various risk committees and regulators…”
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