Hedge Fund Exec Dies In Atlantic City Escalator Fall

2009_09_piershop.jpg A NJ man fell to his death from an escalator at Atlantic City's Pier at Caesars shopping center. According to the Press of Atlantic City, the victim, James Vellanti, was "chief operating officer for the hedge fund JNF Asset Management LLC in New York." The police are investigating the incident, which is the second fatal fall there in 13 months (last year, a 25-year-old man was sitting on the moving escalator's handrail and fell to his death).

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I'm gathering he was doing something unsafe, like sitting on the handrail, that caused him to fall from an escalator.

I'm constantly amazed at how many "smart" people do ridiculously stupid things.

yeah escalators could also be fatal when you are drunk...

Possibly, but escalators are very dangerous and prone to malfunction. One of the leading elevator manufacturers stopped installing new escalators sometime ago because of the potential liability associated with them. Now, they only service existing installations.

What of the last two years would make you assume that a hedge fund manager was in the slightest smart?

I guess it's possible for it to stop abruptly when you don't exactly have your footing and fall forward in a slant. What a terrible way to go.

And I'm afraid to even step out onto balconies! (My fear is that I will temporarily lose my mind and jump.) Just one moment's extreme foolishness is all it takes.

He should have hedged the risks and taken the stairs.

was he sitting on the rail? and, was he holding onto the rail?
if not, were any other people on the escalator injured? since it is, you know, Atlantic City.

Railings are JUST what they say. They are for holding on. It is ridiculous to lose your life just to ride down the railings when the rails are for hand holding. What a shame. If the 2nd man was being responsible, I feel terrible for him. Hopefully we could all learn something from this.

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