FHFA Official Arrested For Threatening To Kill Former Acting Director

Posted by Patrick Barnard on May 07, 2014 No Comments
Categories : Required Reading

Richard Hornsby, the chief operating officer of the Federal Housing Finance Agency (FHFA), has reportedly been arrested for threatening to kill Edward J. DeMarco, former acting director for the FHFA.

According to a report in the Wall Street Journal, citing an April 29 police report, Hornsby had made threats against DeMarco for a period of several weeks. The threats were reportedly related to administrative reviews of Hornsby's job performance.

The conflict reportedly escalated on April 28 when Hornsby threatened to shoot DeMarco and then kill himself.

DeMarco, who retired from the agency on April 30, was taken to a secure location while Hornsby was arrested, according to the report.

Hornsby was released under the condition that he has no contact with DeMarco. He has reportedly been placed on administrative leave.

Melvin L. Watt replaced DeMarco in January, however, DeMarco continued to serve in a consultative capacity during the transition.

Hornsby started at the agency in 2011 after working 26 years at the Federal Reserve Bank of San Francisco. It was DeMarco who hired Hornsby.

For more, check out the Wall Street Journal report.

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