25 votes

Goldman Sachs Managing Director Found Dead

Another high ranking banker death this weekend.


Nicholas Valtz, a managing director in cross-asset sales at Goldman Sachs Group Inc. (GS) in New York, was found dead yesterday by family members who went searching for him after he didn’t return from a kiteboarding outing.

Valtz, 39, was found in Napeague Harbor near the eastern end of Long Island, according to the East Hampton, New York, police. He was a “novice kiteboarder” and was found floating in the water secured to his kite, police said in a statement released yesterday. Other kite gear was found in a grassy area of the harbor, police said.

“We’re deeply saddened by this tragedy and our thoughts are with Nick’s family,” Michael DuVally, a spokesman for Manhattan-based Goldman Sachs, said in an e-mailed statement.

Valtz, who joined the firm in 2000, was promoted to managing director in 2010. As a cross-asset sales executive, he helped manage orders for trading clients and pitch them products and ideas among different types of securities. His wife, Sashi Valtz, also works at Goldman Sachs as head of global third-party research sales, according to her LinkedIn profile.


According to wikipedia, "Accidents can generate serious injuries or even be deadly. 105 accidents were reported in the Kiteboarding Safety Information Database between 2000 and September 2003, with 14 fatalities"

Note to self, kiteboarding scratched off bucket list. Reason: deadly!


Zerohedge has this as the 16th financial services executive death in recent months:

1 - William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.

2 - Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.

3 - Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.

4 - Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.

5 - Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.

6 - Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.

7 - Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.

8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.

9 - James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say whatcaused the death

10 - Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, commited suicide by jumping in front of LIRR train

11 - Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment.

12 - Jan Peter Schmittmann, 57, the former CEO of Dutch bank ABN Amro found dead at home near Amsterdam with wife and daughter.

13 - Li Jianhua, 49, the director of China's Banking Regulatory Commission died of a sudden heart attack

14 - Lydia _____, 52 - jumped to her suicide from the 14th floor of Bred-Banque Populaire in Paris

15 - Julian Knott, 45 - killed wife and self with a shotgun in Jefferson Township, New Jersey

16 - Nicholas Valtz, 39 - killed in apparent kiteboarding accident in Nepaugue Harbor, Long Island.


Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Cannibals they are...

Quite generally known is the striking phrase of that other tyrant who, gazing at the throat of his wife, a woman he dearly loved and without whom it seemed he could not live, caressed her with this charming comment: “This lovely throat would be cut at once if I but gave the order.” That is why the majority of the dictators of former days were commonly slain by their closest favorites who, observing the nature of tyranny, could not be so confident of the whim of the tyrant as they were distrustful of his power. Thus was Domitian killed by Stephen, Commodus by one of his mistresses, Antoninus by Macrinus, and practically all the others in similar violent fashion.


Something is up. This many

Something is up. This many deaths of people in high positions in a few months time is disproportionate to their overall number. How exactly many executives at the top of these financial companies exist? Like several thousand tops maybe. I am probably over-estimating it.

To climb the mountain, you must believe you can.

Famous People Die in Threes

Did you know that famous people die in threes? I didn't, until a co-worker pointed it out.

I wonder who is next after James Garner? (Is he famous?)

Frankly, until a see how many bankers normally die per year, and that this is an unusually high number, I'm not impressed with the evidence.

If you really want to freak me out, convince me that none of them have been dying.

What do you think? http://consequeries.com/

TwelveOhOne's picture

Freak out: riffin on other comments, only their EVIL selves died

They sacrificed their evil persona so that they could survive and spend their ill-gotten gains.

I love you. I'm sorry. Please forgive me. Thank you.
http://fija.org - Fully Informed Jury Association
http://jsjinc.net - Jin Shin Jyutsu (energy healing)

I've been thinking...

I'd be very surprised if all the "elite" don't have multiple identities. I remember my old man used to have 3 drivers licenses back in th3 70's. (he had residences in 3 different states and back then it that wasn't such a big deal)

But, think about it...if you have access to goverment agencies that will accommodate you, you could have several different names, ss#'s, etc so you could litterally have multiple "legal" id's. How nice would be to borrow money from your buddies at the FED under one name and then just don't pay it back? So your "guy" now has back credit or goes bankrupt...who cares? It would just be one of your used up "bad credit ID's". You could kill yourself off several times too and just create another you. I certainly wouldn't put it past the criminals who have gained control of the levers of power all over the world.

I'm thinking a lot of the crooks will be "eliminating themselves" in the months and years ahead. (of course A LOT have already "died")

If you have been looting the nation and stealing from all corners of the globe...it would make sense to "kill" that greedy SOB and then grow a beard and sail off to some island chain using one of your other personalities. You know...like Ken Lay and Bernie Madoff. Ken Lay I think lives in the British Virgin Isle's and Madoff just shows up at the federal prison in NC every once in a while to have his picture taken in the orange jumpsuit. I think he Island hops from Burmuda to the Grand Caymans. Its a great scam no?

Another One Bites the Dust

DJP333's picture

I f-kin love that song


"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different." ~CW

Me Too

It was the first thing I thought of when I read this. While I was shaking my head of course.