An executive at Bed Bath & Beyond who jumped 18 stories to his death at the so-called “Jenga” tower in New York City where he lived on Friday, Sept. 2 was facing a $1.2 billion insider trading lawsuit, according to a new report.
Gustavo Arnal, age 52, was the company’s executive vice president and chief financial officer.
Arnal was among several defendants named in a complaint alleging a “pump-and-dump” stock fraud scheme, the Daily Mail first reported.
Bed Bath & Beyond, the lead defendant, allegedly made a “materially false and misleading statement” in a Securities and Exchange Commission (SEC) filing on Thursday, Aug. 18, the report said.
Two days earlier, Arnal sold 55,013 shares of BBB stock worth over $1 million, according to calculations by Reuters. https://dailyvoice.com/new-york/pelham/news/bed-bath-beyond-exec-faced-12b-insider-trading-lawsuit-when-he-jumped-to-his-death-report/842651/
The other two defendants named in the lawsuit are prominent $BBBY shareholder Ryan Cohen [Chairman of GameStop] — who is facing scrutiny over trades he recently made — and the retailer’s oft-used banker JP Morgan.
“It’s not the fall that kills you; it’s the sudden stop at the end.”
Douglas Adams, The Hitchhiker’s Guide to the Galaxy
● During WW2 Nicholas Alkemade fell from from his burning Lancaster bomber at over 18,000 ft. He sustained a broken ankle as he hit snow covered pine branches before impact. https://en.wikipedia.org/wiki/Nicholas_Alkemade
● Alan Eugene Magee survived a 22,000-foot fall from his damaged B-17 Flying Fortress during the war. He fell over four miles before crashing through the glass roof of the St. Nazaire railroad station. https://en.wikipedia.org/wiki/Alan_Magee
● Ivan Mikhailovich Chisov was forced to bail out of a Soviet Air Force Ilyushin Il-4 bomber in 1942 and survived a fall of approximately 23,000 feet. https://en.wikipedia.org/wiki/Ivan_Chisov
● Vesna Vulović holds the Guinness world record for surviving the highest fall without a parachute: 33,330 ft (6.31 mi). She was the sole survivor of an aircraft she served on as a flight attendant that was blown up by a parcel bomb. https://en.wikipedia.org/wiki/Vesna_Vulovi%C4%87
Eideard 
An executive at Bed Bath & Beyond who jumped 18 stories to his death at the so-called “Jenga” tower in New York City where he lived on Friday, Sept. 2 was facing a $1.2 billion insider trading lawsuit, according to a new report.
Gustavo Arnal, age 52, was the company’s executive vice president and chief financial officer.
Arnal was among several defendants named in a complaint alleging a “pump-and-dump” stock fraud scheme, the Daily Mail first reported.
Bed Bath & Beyond, the lead defendant, allegedly made a “materially false and misleading statement” in a Securities and Exchange Commission (SEC) filing on Thursday, Aug. 18, the report said.
Two days earlier, Arnal sold 55,013 shares of BBB stock worth over $1 million, according to calculations by Reuters. https://dailyvoice.com/new-york/pelham/news/bed-bath-beyond-exec-faced-12b-insider-trading-lawsuit-when-he-jumped-to-his-death-report/842651/
The other two defendants named in the lawsuit are prominent $BBBY shareholder Ryan Cohen [Chairman of GameStop] — who is facing scrutiny over trades he recently made — and the retailer’s oft-used banker JP Morgan.
“It’s not the fall that kills you; it’s the sudden stop at the end.”
Douglas Adams, The Hitchhiker’s Guide to the Galaxy
● During WW2 Nicholas Alkemade fell from from his burning Lancaster bomber at over 18,000 ft. He sustained a broken ankle as he hit snow covered pine branches before impact. https://en.wikipedia.org/wiki/Nicholas_Alkemade
● Alan Eugene Magee survived a 22,000-foot fall from his damaged B-17 Flying Fortress during the war. He fell over four miles before crashing through the glass roof of the St. Nazaire railroad station. https://en.wikipedia.org/wiki/Alan_Magee
● Ivan Mikhailovich Chisov was forced to bail out of a Soviet Air Force Ilyushin Il-4 bomber in 1942 and survived a fall of approximately 23,000 feet. https://en.wikipedia.org/wiki/Ivan_Chisov
● Vesna Vulović holds the Guinness world record for surviving the highest fall without a parachute: 33,330 ft (6.31 mi). She was the sole survivor of an aircraft she served on as a flight attendant that was blown up by a parcel bomb. https://en.wikipedia.org/wiki/Vesna_Vulovi%C4%87
Named by Life magazine as the “The Most Beautiful Suicide” – Evelyn McHale leapt to her death from the Empire State Building, 1947 https://rarehistoricalphotos.com/beautiful-suicide-evelyn-mchale-leapt-death-empire-state-building-1947/
I remember this one…hearing about it on the radio. We didn’t own a TV set, yet, in 1947.