Freddie Mac CFO Hangs Himself
The body of the Chief Financial Officer of government-owned mortgage behemoth Freddie Mac was found hanging in the basement of his Virginia home in an apparent suicide, police are saying.
David Kellermann, 41, was a sixteen-year veteran of Freddie Mac.
He became CFO last September when the government assumed control of the agency.
Prior to becoming CFO, Kellermann was corporate controller and principal accounting officer – meaning it is highly likely that he had a bird’s eye view of all the Enron accounting that was taking place at the agency.
Securities reports show that Kellermann was slated to receive a $850,000 bonus this year.
Police said there was no evidence of foul play, and that Kellermann’s body was discovered by his wife.
Update – Freddie Mac is delaying a note sale scheduled for today as a result of Kellermann’s death.