James Vellanti

James Vellanti

James Vellanti, the chief operating officer for JNF Asset Management LLC in New York, fell from the third floor to the first floor. Police are investigating the fall, which is the second in two years at the mall. In August 2008, Frank Gilbert Jr. plunged to his death from the escalator. The Pier Shops is connected to Caesars Atlantic City, a hotel and casino, by a sky bridge. Atlantic City police said James Vellanti, 40, fell from the third to the first floor. Vellanti lived in Clinton, Hunterdon County and was Chief Operating Officer for the hedge fund JNF Asset Management, LLC in New York. His LinkedIn profile says he went to West Chester University in the 1980s.

A hedge fund executive died early Sunday morning after falling three floors from an escalator at The Pier Shops at Caesars, according to police. This is the second incident at The Pier. In August, Frank Gilbert, of Galloway Township, plunged about 40 feet and died of head injuries. Witness said Gilbert, 25, sat on the moving handrail and fell backward, according to Press of Atlantic City.