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Nothing links exec death and inquiries: Freddie Mac

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Freddie Mac acting CFO dead

Wed, Apr 22 2009
David Kellermann, acting chief financial officer of mortgage giant Freddie Mac, is pictured in this undated photograph, released on April 22, 2009. REUTERS/Freddie Mac/Handout

David Kellermann, acting chief financial officer of mortgage giant Freddie Mac, is pictured in this undated photograph, released on April 22, 2009.

Credit: Reuters/Freddie Mac/Handout

WASHINGTON | Wed Apr 22, 2009 12:21pm EDT

WASHINGTON (Reuters) - The death of a top financial executive at mortgage finance giant Freddie Mac was not linked to federal investigations into the company's business, a spokesman said on Tuesday.

"Freddie Mac knows of no connections between this terrible personal tragedy and the ongoing regulatory inquiries discussed in our SEC filings," said David Palombi, the executive communications officer for the mortgage finance company.

In March, Freddie Mac said that it was cooperating with the Securities and Exchange Commission in an investigation and that employees have been interviewed by investigators.

(Reporting by Patrick Rucker; Editing by Chizu Nomiyama)

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