Gustavo Arnal Death Video – He jumped From 18th Floor of Jenga Building

Bed Bath & Beyond CFO who leapt to his death accused of ‘pump and dump’ to inflate company’s stock value. Bed Bath & Beyond CFO Gustavo Arnal and GameStop Chair Ryan Cohen named in class-action suit alleging ‘pump and dump scheme’

The executive vice president and chief financial officer of Bed Bath & Beyond who plunged to his death from the 18th floor of a New York City skyscraper on Friday was the subject of a class-action lawsuit alleging that he and majority shareholder, GameStop Chairman Ryan Cohen, had artificially inflated the company’s value in a “pump and dump” scheme.

Gustavo Arnal, 52, and Cohen, are listed as defendants in the class-action lawsuit filed last month in the United States District Court for the District of Columbia.

Gustavo Arnal Death Video

Bed Bath & Beyond executive jumped to his death from high-rise apartment balcony, source tells CNN.

bed bath death

A man who jumped to his death from a high-rise apartment in Manhattan has been identified by the New York City Police Department as Gustavo Arnal. A law enforcement source told CNN Arnal is the chief financial officer of Bed Bath & Beyond. They said he died after jumping from the 18th floor balcony of his high-rise apartment.

The NYPD said in a statement Sunday that Arnal, 52, was found unconscious and unresponsive outside his luxury 57-story skyscraper in the neighborhood of Tribeca around 12:30 p.m. Friday. Police said the man “appeared to suffer from injuries indicative from a fall from an elevated position.” EMS responded and pronounced the man dead, police said.

Gustavo Arnal Jegna Building Jumping Video

The law enforcement source told CNN Sunday that Arnal’s wife witnessed him jump. The source said while no suicide note was found, no criminality is suspected.

The NYPD said the New York City Medical Examiner’s Office will determine the cause of death and the investigation remains ongoing. CNN has reached out to the medical examiner’s office but did not receive an immediate response.

Cohen purchased a large stake in BBBY, including call options, on more than 1.6 million BBBY shares with a strike price between $60 and $80 in what, according to the lawsuit, was a “classic attempt to spark a gamma squeeze, in exchange for Gustavo’s assurance that Insiders would not flood … the market with the stock.”

BBBY stock climbed from $4.38 per share on July 1, 2022, to $30 per share on Aug. 17, 2022. Between March and August, Cohen, Gustavo, and J.P. Morgan Securities LLC — another defendant in the lawsuit — discussed their plan of hyping the stock and exiting their positions of BBBY shares at some point, according to the lawsuit.

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