Police probing death of Freddie Mac official
SEC and Justice Department probing firm for accounting violations
WASHINGTON - David Kellermann, the acting chief financial officer of mortgage giant Freddie Mac, was found dead at his home Wednesday morning in what police said was an apparent suicide.
Mary Ann Jennings, director of public information for the Fairfax County, Va., Police Department, said Kellermann was found dead in his Reston, Va., home. The 41-year-old Kellermann has been Freddie Mac’s chief financial officer since September.
Jennings said that a crime scene crew and homicide detectives were investigating the death, but that there didn’t appear to be any sign of foul play.
The Securities and Exchange Commission and the Justice Department have been questioning Freddie Mac officials about possible accounting violations and other matters in recent months, according to news reports.
McLean-based Freddie Mac has been criticized heavily for reckless business practices that some argue contributed to the housing and financial crisis. Freddie Mac is a government-controlled company that owns or guarantees about 13 million home loans. CEO David Moffett resigned last month.
Freddie Mac and sibling company Fannie Mae, which together own or back more than half of the home mortgages in the country, have been hobbled by skyrocketing loan defaults and have received about $60 billion in combined federal aid.
Kellermann was named acting chief financial officer in September 2008, after the resignation of Anthony “Buddy” Piszel, who stepped down after the September 2008 government takeover. The chief financial officer is responsible for the company’s financial controls, financial reporting and oversight of the company’s budget and financial planning.
Before taking that job, Kellermann served as senior vice president, corporate controller and principal accounting officer. He was with Freddie Mac for more than 16 years.
SEC and Justice Department probing firm for accounting violations
WASHINGTON - David Kellermann, the acting chief financial officer of mortgage giant Freddie Mac, was found dead at his home Wednesday morning in what police said was an apparent suicide.
Mary Ann Jennings, director of public information for the Fairfax County, Va., Police Department, said Kellermann was found dead in his Reston, Va., home. The 41-year-old Kellermann has been Freddie Mac’s chief financial officer since September.
Jennings said that a crime scene crew and homicide detectives were investigating the death, but that there didn’t appear to be any sign of foul play.
The Securities and Exchange Commission and the Justice Department have been questioning Freddie Mac officials about possible accounting violations and other matters in recent months, according to news reports.
McLean-based Freddie Mac has been criticized heavily for reckless business practices that some argue contributed to the housing and financial crisis. Freddie Mac is a government-controlled company that owns or guarantees about 13 million home loans. CEO David Moffett resigned last month.
Freddie Mac and sibling company Fannie Mae, which together own or back more than half of the home mortgages in the country, have been hobbled by skyrocketing loan defaults and have received about $60 billion in combined federal aid.
Kellermann was named acting chief financial officer in September 2008, after the resignation of Anthony “Buddy” Piszel, who stepped down after the September 2008 government takeover. The chief financial officer is responsible for the company’s financial controls, financial reporting and oversight of the company’s budget and financial planning.
Before taking that job, Kellermann served as senior vice president, corporate controller and principal accounting officer. He was with Freddie Mac for more than 16 years.
SOB aint committed no suicide....Not a damn person gives a crap about Fannie or Freddie. He could have a sign on his door saying "I stole millions" and people would think it meant he was running for office....
My 1st thought is ofcourse that he has signed some very big checks to some very puny democrats but.nobody cares about that either, Hell that couldnt be it or he would be in the Cabinet. So that leaves the 2 VERY high maintenance Blondes they showed going into his house this morning.....Thats where i'd look 1st ....if i was investigating...
My 1st thought is ofcourse that he has signed some very big checks to some very puny democrats but.nobody cares about that either, Hell that couldnt be it or he would be in the Cabinet. So that leaves the 2 VERY high maintenance Blondes they showed going into his house this morning.....Thats where i'd look 1st ....if i was investigating...
Back...yea good one. Like i dont lose enough at .10/.25 tables as it is....
Had a big horse pick u missed the other day...Ran at Lone Star...6 furlongs , went off about 2pm. DRF says they think he finished before sundown but they cant be sure cus the track closed 30 mins before dark and their guy had to leave....Maybe the next 1 ill send ya in a PM so u dont miss it..
Had a big horse pick u missed the other day...Ran at Lone Star...6 furlongs , went off about 2pm. DRF says they think he finished before sundown but they cant be sure cus the track closed 30 mins before dark and their guy had to leave....Maybe the next 1 ill send ya in a PM so u dont miss it..
I dont get the publics reaction at all. A peon in the whole scam kills himself and the public cheers. This is all AFTER they elected ALL the people who actually did the deed itself to the highest office in the land...The people who actually STOLE ALL YOUR MONEY YOU NOW HAVE PUT IN CHARGE OF THE REST OF IT.......and u cheer when of their employees dies.....I am 1 confused SOB.
I think they would all change their minds if they watched this....very hard to sit thru as its very long but it tells exactly whats happened to your money, who stole it and what they have planned for the rest of it.....He told he was saving you from 4 more years of GWB. He was lying....your getting 8....
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I think they would all change their minds if they watched this....very hard to sit thru as its very long but it tells exactly whats happened to your money, who stole it and what they have planned for the rest of it.....He told he was saving you from 4 more years of GWB. He was lying....your getting 8....
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