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2022-

2022-09-04 e
 THE STATE OF THE DISUNION V
IN BIDEN'S AMERICA:
AVOID TALL BUILDINGS


Bed Bath & Beyond CFO commits suicide by jumping from NYC skyscraper after announcing massive store closures

CFO Gustavo Arnal plunged from the building as as the company announced last week they were instituting mass layoffs and closing 150 stores.

The chief financial officer of retail giant Bed Bath & Beyond threw himself out of the 18th floor window of the "Jenga Building" in downtown Manhattan on Friday, according to sources.

According to the New York Post, CFO Gustavo Arnal jumped from the building, which features apartment protuberances asymmetrically popping out of the facade and giving the impression the building is a half-played Jenga game.

The 52-year-old, who is also the company's executive vice president, lept to his death as the company announced last week they were instituting mass layoffs and closing 150 stores.

Arnal made over $2.9 million in 2021 which resulted from a $775,000 salary and stock awards.

According to the Daily Mail, Arnal was being sued for "allegedly inflating the Bed Bath & Beyond's stock price in a 'pump and dump' scheme."

The lawsuit was filed on August 23 and claims Arnal "agreed to regulate all insider sales" and that he misled stockholders by saying the company's financial situation was better off than it was. Causing the shares to have artificially high prices.

The lawsuit alleges he then sold over 42,000 of his own shares for $1 million on August 16, right after he personally inflated the price and directly before the massive layoff announcement and quarter drop in overall value of the company. The scheme is called "pump and dump" as insider stock holders engineer circumstances to "pump" up the value of shares and then "dump" them before they inevitable plummet in value.

Majority shareholder Ryan Cohen is also named in the lawsuit. (read more)

See also: https://thelibertydaily.com/bed-bath-beyond-cfo-jumps-from-18th-floor-of-jenga-tower-after-disastrous-financial-report/
See also: https://www.zerohedge.com/markets/bed-bath-beyond-cfo-leaps-death-tribeca-skyscraper

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