Freddie Mac’s Acting CFO Commits Suicide

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Freddie Mac’s Acting CFO Commits Suicide

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David Kellerman, acting chief financial officer at Freddie Mac, was found dead this morning at his Vienna, Va., home, the victim of an apparent suicide, according to numerous media reports, including one by WTOP radio in Washington, D.C.  Now, the speculation begins.  Some wonder if there’s more to the story.

Upon hearing news of Kellerman’s death, the first thing to pop into my mind was the 1992 death of Vince Foster, the Clinton White House counsel who supposedly committed suicide in Fort Marcy Park.

Kellermann, 41, was named acting chief financial officer in September 2008, according to his bio on the Freddie Mac web site. As acting CFO, the 16-year veteran of the organization was a member of the company’s leadership team and reported directly to CEO David M. Moffett.  He was responsible for the company’s financial controls, financial reporting, tax, capital oversight, and compliance with the requirements of Sarbanes-Oxley. In addition, he also oversaw the company’s annual budgeting and financial planning processes.

-- Bob McCarty Writes