Here’s the news article:
The acting chief financial officer of Freddie Mac was found dead in his home Wednesday morning of an apparent suicide, Fairfax, Va., police have confirmed.
Kellermann, a 16-year veteran of the mortgage loan guarantor, was discovered by his wife, who found him in the basement. The two have a young daughter.
Kellermann, 41, was named acting chief financial officer in September 2008 and was a member of the company’s leadership team reporting directly to CEO David M. Moffett, who resigned last month.
FOX Business Network confirmed that investigators from the Securities and Exchange Commission and Justice Department have been questioning officials of Freddie Mac about possible accounting violations and other matters in recent months.
An SEC official told FOX Business Network that Kellermann had been involved in the company’s accounting for many years but would not speculate on any connection between the investigation and Kellerman’s death.
Doug Duvall, a spokesman for Freddie Mac, told FOX News that the company “knows of no connection between this personal tragedy and the ongoing regulatory inquiries discussed in our recent SEC filings.”
“Kellermann was a behind-the-scenes guy who never showed up on anyone’s radar until he was appointed (acting) CFO last September. He had a reputation of being a straight shooter with high ethical standards,” said Guy Cecala, publisher of Inside Mortgage Finance, a mortgage trade publication that covers Freddie Mac.
“David was a man of great talents. … His extraordinary work ethic and integrity inspired all who worked with him. But he will be most remembered for his affability, his personal warmth, his sense of humor and his quick wit. David was a friend to many in the Freddie Mac family, and we mourn his passing,” Koskinen said.
According to his biographical information, as acting chief financial officer, Kellermann “is responsible for the company’s financial controls, financial reporting, tax, capital oversight and compliance with the requirements” of congressional legislation known as the Sarbanes-Oxley Act of 2002. That law was a response to financial scandals like Enron and was intended to make corporate boards more accountable.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets by guaranteeing loans to what is now 3 million home-buyers. It has been in the center of the mortgage meltdown along with Fannie Mae, requiring $60 billion in federal funding to secure bad loans. The government took over the two government-sponsored enterprises in hopes of preventing further fallout.
Kellermann joined Freddie Mac in 1992, worked for several years in the company’s securities sales and trading unit, and has served in a variety of positions, including as a vice president for strategy execution and integration and the Investments and Capital Markets division controller.
What a coward. Taking his life so justice couldn’t be served on him…and then justice served in him by a gigantic racist fellow that steals his breakfast muffins everyday. Even though Kellerman probably wouldn’t have gone to the “do you in the butt” prison, I still would love to see some of his freedoms taken away for what he did to the hard working American people. Instead, he hung himself…which is an injustice in itself.
Since this is a food blog let’s speak on a food topic relative to this post. What would your last meal be if you knew you were to commit suicide in a few hours?
I’d eat a home cooked meal that was a joint venture from my mama and my grandmama. A tin foil pan full of lumpia would have to be present. Also, one of my favorite Filipino dish called Dinuguan. If my mama and grandmama weren’t around then I’d eat a Big Mac and a Squeeze It.
What’s your last meal look like?