Apr 22, 2009

Freddie Mac CFO dead in apparent suicide

The body of David Kellermann, acting chief financial officer at mortgage-finance giant Freddie Mac, was found in the basement of his Virginia home, ABC News reports. Police say there were no signs of foul play and the cause of death was still under investigation:

From ABC News:
According to securities reports filed in March, Kellermann was to receive an $850,000 bonus.

In filings with the Securities and Exchange Commission in March, Freddie Mac said it had entered into a pact with Kellermann and two other executives to protect them from liabilities and expenses in connection to any threatened or pending lawsuits. The agreement, which kicked in retroactively from the time of the government takeover, would not protect the officials from willful criminal misconduct.

1 comment:

Nomad said...

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