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CU System
Broker for liquidated CU a suicide
NEW LONDON, Conn. (8/4/08)--A broker who handled investments for a credit union in Connecticut that was liquidated last week committed suicide, according to local news media. Edwin F. Rachleff, 82, a broker for A.G. Edwards, handled the investments of New London Security FCU, based in New London, Conn. (theday.com July 30) Authorities did not tie his death with the credit union's situation. Rachleff, apparently despondent about failing eyesight, jumped from an apartment building. The National Credit Union Administration reported July 28 it had liquidated the $12 million asset credit union after determining it was insolvent.


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