Freddie Mac Chief David Kellermann Found Dead in his Premises

Police sources have confirmed the news of the death of acting CFO, David Kellermann engaged with the well known mortgage firm, Freddie Mac but now faced with troubled times ahead.

Officials have found him dead in his Fairfax residence on this Wednesday morning and suspect it to be a suicide case with no foul play. However, investigations are still on in this case before reaching any final conclusions.

According to official sources, David Kellermann was employed with Freddie Mac and associated with this company for almost 16 years. He served the company diligently while holding important positions within the company as Vice President of the company.

Kellermann managed all the financial responsibilities of the company including financial planning, annual budgeting while looking after all the financial regulations and managing issues related to tax compliance.

It is believed that Kellermann used to report to the former CEO David Moffett and held several prestigious positions in the company as Senior Vice President, Corporate Controller and also as accounting officer. Kellermann, 41, was named the CFO of the company in last September when the federal government removed some of the high-level employees of the company after taking over the company.

Apparently, Freddie Mac had suffered huge financial losses reported to be in billions along with sister concern, Fannie Mae recently, after making huge investments in various mortgage related areas. Both these firms have received a bailout package amounting to $60 billion so far from the government.

By Cassiano Travareli