Executive of Freddie Mac was found dead. Murder or suicide?

April 22, 2009 - 1:25pm | News |
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Executive of Freddie Mac was found dead. Murder or suicide?
David Kellerman, the acting chief financial officer of Freddie Mac, was found dead Wednesday morning at his home in Northern Virginia. A spokeswoman for the Fairfax County police announced that he took his life by hanging himself. There were no signs of foul play and neither the comment nor the note was found. Police were called to the home by Mr. Kellermann’s family at 4:48 a.m. His body was taken away by the Fairfax Coroners Office shortly before 9 a.m. By then, the large home about 20 minutes outside Washington was surrounded by several television trucks and about two dozen reporters.

Neighbors of David Kellerman are shocked. Video of The Associated Press

Mr. Kellermann, 41, was named to the position of chief financial officer of Freddie Mac in September. He was responsible for Freddie Mac’s financial reporting, capital oversight, and compliance with federal oversight requirements, and also oversaw the annual budgeting and financial planning. In recent weeks Mr. Kellermann had received a bonus of about $800,000. Such bonuses — which totaled $210 million for executives at Freddie Mac and its sibling company Fannie Mae - caused some controversy earlier this month. Mr. Kellermann was also involved in recent tense conversations with the company’s federal regulator over its public disclosures.
John A. Koskinen, the interim chief executive of Freddie Mac, extended his deepest condolences to David’s family and loved ones for this terrible personal tragedy. He added that Mr. Kellermann would be “most remembered for his affability, his personal warmth, his sense of humor and his quick wit.”



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