Fall off A.C. escalator kills Hedge fund CEO

September 28, 2009 12:56:35 PM PDT
Atlantic City police are investigating how a hedge fund executive fell to his death from an escalator. James Vellanti is the second man in two years to plunge from an escalator at The Pier Shops at Caesars.

Police were called to the mall, which is connected to the casino by a sky bridge, at 12:01 a.m. Sunday. Police estimate he fell 30 to 40 feet.

The 42-year-old Vellanti lived in Clinton and was chief operating officer for the hedge fund JNF Asset Management LLC in New York.

Frank Gilbert Jr. fell about 40 feet after witnesses said the 25-year-old sat on the escalator's handrail on Aug. 9, 2008. He died of head injuries.

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Information from: The Press of Atlantic City, http://www.pressofatlanticcity.com


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