Man Kills His Family and Himself Over Market

[nam78_two]

Source: New York Times

LOS ANGELES — In a suicide note, Karthik Rajaram wrote that he had considered killing only himself because of his financial troubles, but decided to take his family with him.

Mr. Rajaram, 45, shot his wife, three sons and mother-in-law in their bedrooms over the weekend, the police said, then shot himself. The police found him on Monday on the floor of a bedroom his youngest sons shared, close to their bodies.

On Tuesday, friends and colleagues said they were stunned to learn of the killings and unaware of the family’s financial problems. The police said that in one of his two suicide notes, Mr. Rajaram said he was “broke,” having lost most of his assets in the plummeting stock market. The police said he had been planning the killings for weeks.

Mr. Rajaram in 1999 registered a private holding company, SKGL L.L.C., in Nevada to manage his family’s assets, said his lawyer, Christopher R. Grobl of Las Vegas, and renewed the company’s license last December. Mr. Grobl said he had overseen nonfinancial filings for the company and did not know its worth.

Mr. Rajaram had been unemployed for several months, the police said. In the late 1980s and early 1990s, he worked for Sony Pictures in Los Angeles. He then took a job in the Century City office of the accounting firm PricewaterhouseCoopers, said Greg Robinson, a former colleague there.

Mr. Robinson said he became friends with Mr. Rajaram and hired him in 2003 to work at Azur Partners, a management consulting firm Mr. Robinson co-founded. But Mr. Rajaram proved unreliable at work, he said, and Mr. Robinson fired him 10 months later.

“He was extremely bright and capable but emotionally unstable,” Mr. Robinson said. “We suspected that there was more going on in his life, deeper issues.”



Read more: http://www.nytimes.com/2008/10/08/us/08slay.html?ref=business

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More at the link...

[McCCain4retirment]

1. My god

[grantdevine]

2. not legitimate news n/t

[Teaser]

4. Thank you, topic cop.

[bitchkitty]

3. This is a duplicate of a story that is not "late breaking" anymore.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3530183

[nam78_two]

5. My apologies-I will alert on this thread

Thanks :hi:.

[elocs]

6. I love it when people post hours old stories as LBN.

Just because the story is new to you does not make it Late Breaking News. As it says: "Good Citizens Check for Duplicates".

[nam78_two]

9. I alerted for a lock-thanks.nt

[elocs]

10. It's not like it doesn't happen here a couple of dozen times a day. n/t

[kestrel91316]

7. Local story for us - very sad. Guess THEIR American dream didn't work out.

I'm so glad at least all the CEOs got their golden parachutes.

[JI7]

8. the oldest son was a Fulbright Scholar

the dad is an asshole . he shouldn't have killed the family.

[comtec]

11. The avalanche has started...

... it is too late for the pebbles to vote.
-Kosh

first of many I am greatly afraid.