FHFA COO Arrested for Workplace Threat
Federal Housing Finance Agency Chief Operating Officer Richard Hornsby was charged April 30 with a felony count of threatening to kidnap or injure a person, according to court documents say.
Hornsby allegedly made the violent threats against former FHFA director Edward DeMarco.
According to the Wall Street Journal, court documents show that Hornsby threatened to shoot DeMarco, as well as himself, after making increasingly violent threats for weeks. FHFA officials informed the agency’s inspector general about the threats on April 28, at which time DeMarco was “escorted to a secure location following a report of a threat,” the documents said.
For DeMarco, the threats against him came as he was planning to retire from the agency. His last day as director was April 30.
Horsnby, meanwhile, is a relative newcomer to the agency, having joined the FHFA in November 2011 after 26 years with the Federal Reserve Bank of San Francisco. According to court documents, the two butted heads over Hornsby’s performance at the agency, leading to the threats.
In addition to the felony charge, Judge Karen Howze also issued a restraining order against Hornsby, forcing him to stay away from both his workplace and from DeMarco. Hornsby was released without bail, and another hearing in the case was scheduled for Wednesday.
The new FHFA director, Mel Watt, told FHFA employees that Hornsby’s duties will be taken over by Eric Stein, a former Treasury Department official who joined the FHFA in January.
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