Wednesday, April 22, 2009

Freddie Mac Accounting Exec: "Apparent" Suicide....

Reuters :
"RESTON, Va., April 22 (Reuters) - David Kellermann, acting chief financial officer of troubled U.S. mortgage giant Freddie Mac (FRE.P) (FRE.N), was found dead on Wednesday in his suburban Virginia home after apparently committing suicide, a local police source said.Kellermann, 41, was named Freddie Mac's acting CFO last September after the Treasury Department seized the company, and its sibling mortgage agency Fannie Mae FNM.N., as the agencies faced deep losses on a crashing U.S. housing market that was rapidly engulfing other financial institutions.A police source said that Kellermann was found hanging in the basement of his home in Reston, outside Washington.A 16-year veteran of Freddie Mac, Kellermann had played a key role in helping the firm navigate accounting scandals and answer questions from regulators and investors who put the company under intense scrutiny as the U.S. housing market ended a five-year boom in 2006."
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Updates will be posted....
More the New York Times..
More about the Police Investigation that is ongoing.

3 comments:

Mauik Panchal said...
This comment has been removed by a blog administrator.
Coffee Maker said...

Have they found out conclusively about what caused Kellermann's death? All things considered, it seems doubtful that this was a suicide

enigma4ever said...

nope...and I saw interviews with his neighbors- they were floored...

I am not buying it....
and no the final police reports have never been issued...

and it's been a good number of days...

good to see you ..
;-)