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Freddie Mac CFO David Kellerman commits suicide
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Freddie Mac chief financial officer David Kellerman (inset) was found dead in his home today. (April 22, 2009)
Freddie Mac chief financial officer David Kellerman — who became a celebrity when his company's risky real estate loans helped to fuel the mortgage crisis — was found dead in his home this morning. Police said he committed suicide.
Police didn't disclose the specific cause of death, according to the Associated Press, but they did say they found him in the basement of his $900,000 suburban Virginia home, where he lived with his wife and 5-year-old daughter.
Neighbors say he had lost a lot of weight and seemed to be stressed out. Federal prosecutors were investigating his company's business practices. Kellerman himself was not targeted in the investigation, but he was in line to get bonuses totaling $850,000 over the next year, according to the AP report.
Lawmakers have criticized Freddie Mac for giving big bonuses to executives after getting more than $45 billion in bail-out money from taxpayers. Freddie Mac and sister company Fannie Mae plan to pay more than $210 million in bonuses in 2009 and 2010.
[ Photo: Getty Images | Inset: AP ]
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