Skip to comments.Police Found Freddie Mac CFO Dead by Hanging
Posted on 04/22/2009 7:45:06 AM PDT by xtinct
Law enforcement sources said they found David Kellermann, acting chief financial officer of mortgage company Freddie Mac, hanging in the basement of his Reston, Va., home, dead from an apparent suicide early this morning.
Virginia police say they found David Kellermann, acting chief financial officer of mortgage company Freddie Mac, hanging in the basement of his Reston home, dead from an apparent suicide early this morning. (ABC News)The death was "an active investigation" and there were "no signs of foul play," Fairfax County police officer Sabrina Ruck said.
Local police said they were called to Kellermann's home at 4:48am.
Kellermann, 41, and a 16-year veteran of Freddie Mac, had been the company's CFO since September, after a government takeover of the company after the housing crisis.
(Excerpt) Read more at abcnews.go.com ...
Time Tunnel...we’re back with “The Clintons” again...
41 Years Old
On September 24, 2008, David B. Kellermann, age 41, Senior Vice President - Corporate Controller and Principal Accounting Officer, was appointed interim Chief Financial Officer, effective immediately. Mr. Kellermann was appointed Senior Vice President - Corporate Controller and Principal Accounting Officer in March 2008. Prior to that appointment, he served as Senior Vice President, Business Area Controller, starting in October 2006, and as Vice President, Strategy Execution and Integration from February 2005 until October 2006, during which time he also assumed responsibility for the Finance Program Management Office. Before that, Mr. Kellermann held the positions of Vice President, Valuation, Risk Management and Investment Process from November 2003 to February 2005 and Vice President, Mortgage Portfolio Investment Process from May 2003 to November 2003. Mr. Kellermann also held various other positions at our company since joining us in 1992, including Portfolio Management Director-Senior from March 2002 to May 2003. On September 24, 2008, served as Freddie Mac’s Principal Accounting Officer prior to the appointment of Mr. Fox.
Anybody check the closets for skeletons?
I just read that Bloomberg reported it was an “unintended suicide”.
Dummy. You’re supposed to retire to Florida, put your assets in your wife’s name, and say “So long, suckers”.
Hmmmmmmm, is right. I wonder what he was going to disclose or, threatened to disclose.
Obuma is starting early...
Who was up at that time of night?
And so it starts........
People, come on. Somebody broke into his house, grabbed him out of his bed, dragged him down to the basement, and the wife never woke up. Get a grip.
What’s Bwahnney Fwank’s alibi?
was he the former Barney Frank love interest?
Anarchists have always said they want to lynch CEOs.
Good one. I suggest calling it Chi-icide.
Must not have been able to deal with the social humiliation of having Obama pick Fannie CEO Allison to to run the TARP Office instead of him.
An exceptionaslly young Senior VP for such a large organization. Exceptionally young.
One wonders what made him so good he was THE choice for the position.
I’m guessing he was lynched? I suppose Obama could protect him like the bankers?
The tastelessness of the Obomber administration...they didn’t even have the courtesy to take him to a lovely park setting and blowing his head off, and try to make it look like suicide...how much trouble could that have been? Say what you will, but The Clinton’s knew how to off a guy...a lovely walk in the park and BOOM...
Could be he was about to exopose Barney's (criminal) role.
Unintended suicide? What, kinky sex?
There was an illegal immigrant who hanged an indie actress and tried to make it look like suicide.
Didn’t make sense to me either.
If he wasn’t wearing clothes, it could be like the INXS death...
Wow. He must have been getting ready to squeal.
“...never let a good crisis go to waste...”
Ahhh, the sweet fruit of the obama administrations’ labors
While he was currently the CFO is has duties (worked for them for 16 years) was: senior vice president, corporate comptroller and principal accounting officer. He joined the company originally as an analyst. According to his biographical information on Freddie Macs website, as acting chief financial officer, David Kellermann “is responsible for the company’s financial controls, financial reporting, tax, capital oversight, and compliance with the requirements of Sarbanes-Oxley. He also oversees the company’s annual budgeting and financial planning processes.” Prior to his CFO position, David Kellerman’s roles were “senior vice president, corporate controller and principal accounting officer. In this position, his primary responsibility was to support the business with the production of timely, accurate, and well-controlled GAAP, fair value and segment earnings financial statements and external disclosures.”
That means he had a lot of inside info on what went on.
Um, don't mean to point out the obvious but our sitting president has even LESS experience.
Last month Freddie Mac controversially paid 92 staff $100,000 or more in return for staying with the lender while it dug its way out of financial trouble. Mr Kellermann received $850,000 as part of the scheme.
The payments incensed politicians, who were already furious over a $165 million bonus handout at AIG, the insurer that owes US taxpayers $80 billion.
Congressmen pointed to the $108 billion loss made by Freddie Mac and its partner company, Fannie Mae, last year.
His family could have been threatened if he did not cooperate..
I had a friend with unpaid debts who commmmitted suicide to protect his wife and baby from the mob
Auto-erotic asphyxiation, ya think? Well, that would fit with the government bureaucrat profile...
The police said that suicides by hanging often tie their hands behind their back.
Shhh, they’re on a roll.
Every good lefty knows that Fannie and Freddie and the Congressional Black Caucus and Barney Frank and Chris Dodd and ACORN and Obama has NOTHING to do with the mortgage mess, right?
Husband is worried all evening.
Wife goes to bed worrying about husband, encourages him to get some sleep, he says, "maybe in a little while."
Wife wakes up at 4AM and notices she's alone.
Wife gets up to check on husband, finds door to basement open.
I feel terrible for his family.
But if you are from Illinois I guess you’ve been exposed to their brand of corruption Chicago style.
Cubs gonna do it this year?
It’s also a technique used in the sex slave (prostitution) racket. Women are smuggled into the country and then blackmailed with threats against their families if they try to leave or go to the cops.
Mr. Kellermann’s wife told local police he committed suicide, local television station WUSA reported, citing sheriff’s deputies in Northern Virginia’s Fairfax County.
The police department would only say the case is under “active investigation.” Freddie Mac officials didn’t have an immediate statement. In a prepared statement, Treasury Secretary Timothy Geithner said, “On behalf of the Treasury family, we are deeply saddened by the news this morning of David Kellermann’s death. Our deepest sympathies are with his family and his colleagues at Freddie Mac during this difficult time.”
Mr. Kellermann became Freddie’s acting finance chief in September, succeeding Anthony S. Piszel amid a broader overhaul of top management. He had previously been the company’s controller and principal accounting officer.
Mr. Kellermann’s job made him responsible for financial controls and reporting at Freddie Mac, a housing-finance company backed by the federal government. He had been with the company for more than 16 years, starting as a financial analyst and auditor in 1992, according to the company’s Web site.
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, the company disclosed in March.
Are you kidding?
HOW do you “unintentionally” hang yourself???
That’s a good way to cover up a homocide.
People are justly cynical regarding anything to do with government. Sit back and enjoy the comments, some of them are witty.