Florida TSP Adviser Found Dead

A Florida-based investment adviser who helped federal law enforcement officials manage their TSP accounts was found dead earlier this week of an apparent self-inflicted gunshot wound, according to a report in the Jacksonville Times-Union.

Wayne McLeod, who ran F&S Asset Management Group, Inc., told investors in a June 18 email that he was shutting down the FEBG fund, which catered to federal employees and promised impressive returns. McLeod pitched his services to employees at agencies including the Drug Enforcement Administration and FBI.

According to the Times-Union, the SEC was investigating McLeod. "For those who are receiving current income via the interest payments for the month of June and beyond, those payments have been suspended and nothing further will be sent. You should expect to be contacted in the coming days or weeks by the regulators charged with this termination/task," the father of six wrote in the email to investors.