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Rothschild 666 NWO Mafia Murder Team - Illuminati Hit Teams Kill Over 30 Bankers –
Economic Collapse Is Close -
(derivative 666 short selling >fiat$1000 trillion in super red
khazarian gypsy fraud poncy schemes) -
Sunday, April 27, 2014 9:40

http://beforeitsnews.com/banksters/2014/04/illuminati-hit-teams-kill-over-30-bankers-economic-collapse-is-close-2434532.html

JPMorgan Chase Bets $10.4 Billion on the Early Death of Work
By Pam Martens and Russ Martens: March 24, 2014

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101161719

Families of young JPMorgan Chase workers
who have experienced tragic deaths
over the past four months, have been kept in the dark
on many details,

including the fact that the bank most likely held a life insurance policy
on their loved one –
payable to itself. Banks in the U.S., as well as other corporations,
are allowed to make multi-billion dollar wagers that their profits
from life insurance policies on employees will outstrip the cost of
paying premiums and other fees.
Early deaths help those wagers pay off.

According to the December 31, 2013 financial filing known as the
Call Report that JPMorgan made with Federal regulators, it has
tied up $10.4 billion in illiquid,
long term bets on the death
of a large segment of its employees.

The program is known among regulators as Bank Owned Life Insurance
or BOLI.
Federal regulators specifically exempted BOLI in passing the
final version of the Volcker Rule in December of last year which
disallowed most proprietary trading or betting for the house.
Regulators stated in the rule that “Rather, these accounts permit
the banking entity to effectively hedge and cover costs of
providing benefits to employees through insurance policies
related to key employees.”
We have italicized the word “key” because regulators know very
well from financial filings that the country’s mega banks are
not just insuring key employees but a broad-base of their
employees.

Just four of the largest U.S. banks, JPMorgan Chase,
Bank of America, Wells Fargo and Citigroup hold over $53 billion
in investments in BOLI according to 2013 year-end Call Reports.

Death benefits from life insurance is purchased at a multiple to
the amount of the investments, meaning that $53 billion is easily
enough to buy $1 million life insurance policies on 159,000
employees, and potentially a great deal more.

Industry experts estimate that the total face amount of life
insurance held by all in the U.S. on their employees now
exceeds half a trillion dollars.

When the General Accountability Office (GAO)
looked into the matter for Congress in 2003 and 2004, it found
the insidious practice of continuing the life insurance even
after the employee had left the company –
nullifying any ability to consider him or her a “key” to
the business.
The GAO wrote: “Unless prohibited by state law, businesses
can retain ownership of these policies regardless of whether
the employment relationship has ended.”

The GAO found that multiple companies held life insurance
policies on the same individual.

Continued...
http://wallstreetonparade.com/2014/03/document-jpmorgan-chase-bets-10-4-billion-on-the-early-death-of-workers/

Highly Suspicious 12 Banker Suicides Linked to JP Morgan
Investigation for Forex Manipulation.
Continuing Investigation (Video)

http://beforeitsnews.com/alternative/2014/02/highly-suspicious-12-banker-suicides-linked-to-jp-morgan-investigation-for-forex-manipulation-continuing-investigation-video-2903812.html

Read more at
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97730858
God Bless