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The chickens are coming home...?
Investors in a Jacksonville-based advisory firm, whose clients included high-ranking federal law enforcement officials, received a hint of trouble last Friday in an e-mail from the company’s CEO.
Wayne McLeod told clients he was terminating the “FEBG Fund,” a private investment tool that had been marketed as an investment vehicle with spectacular returns.
Interest payments for the month of June had “been suspended” and “nothing further [would] be sent,” wrote McLeod, CEO of the Federal Employee Benefits Group. He went on to inform his clients that he was praying that they would forgive him at some point in the future.
Four days later, McLeod, 48, was found dead in a Mandarin park, apparently of a self-inflicted gunshot wound, the Jacksonville Sheriff’s Office said.
Married and the father of six children, he owned homes in Amelia Island and Saint Johns, a 38-foot yacht and left behind many unanswered questions.
Continued here.
Wayne McLeod told clients he was terminating the “FEBG Fund,” a private investment tool that had been marketed as an investment vehicle with spectacular returns.
Interest payments for the month of June had “been suspended” and “nothing further [would] be sent,” wrote McLeod, CEO of the Federal Employee Benefits Group. He went on to inform his clients that he was praying that they would forgive him at some point in the future.
Four days later, McLeod, 48, was found dead in a Mandarin park, apparently of a self-inflicted gunshot wound, the Jacksonville Sheriff’s Office said.
Married and the father of six children, he owned homes in Amelia Island and Saint Johns, a 38-foot yacht and left behind many unanswered questions.
Continued here.
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