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Wednesday, April 22, 2009

Freddie MAC CFO Found Dead

The acting chief financial officer of Freddie Mac was found dead in his home Wednesday morning of an apparent suicide, Fairfax, Va., police have confirmed to FOX News.

Kellermann, a 16-year veteran of the mortgage loan guarantor, was reportedly discovered by his wife.

Fairfax police spokeswoman Mary Anne Jennings said police were called to the Northern Virginia home outside Washington, D.C., in the early morning hours. He was found in his basement.

Kellermann, 41, was named acting chief financial officer in September 2008 and was a member of the company's leadership team reporting directly to CEO David M. Moffett, who resigned last month.

According to his bio, as acting chief financial officer, Kellermann "is responsible for the company's financial controls, financial reporting, tax, capital oversight and compliance with the requirements" of congressional legislation known as the Sarbanes-Oxley Act of 2002. That law was a response to financial scandals like Enron and was intended to make corporate boards more accountable. - FOX News Story

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