Portfolio manager secretly murdered by wealthy/powerful client's unknown criminal lackeys for failure?(Hypothetically)

Maybe I watch too many movies. But in the United States, if you steal an item valued at over $1000, you get charged for grand larceny and get a few years in prison. However, if you are a portfolio manager and lose thousands or millions of dollars of someone else's money, somehow, it is fine, you get no penalty and no time in prison.

Hypothetically, do you think that if some portfolio manager had a very wealthy/powerful client invest millions of dollars in him and then the portfolio manager lost a large portion of the investments in the stock market, the wealthy/powerful client would then use his secret henchmen to "take care" of the portfolio manager mafia style and make it look like an accident? (For losing his money)

Any thoughts?

 

The way I think about it, is this way. The manager notifies the client about the risk of losing money while also getting to know the client. Now, which manager is willing to work with dirty money? and even if it is the case, the investigators definitely can get leads because they will be finding out what was the dead guy's job.

So most likely it would probably work like this: Portfolio Manager is killed -> Authorities Notified -> Authorities find out possible reasons why he would be killed or die unexpectedly -> Guilty person is found.

 
Best Response

Ducimus ad ea et. Ullam mollitia debitis omnis quidem accusamus omnis. Sit in veritatis beatae animi. Quis ipsum sed ut.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”