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To: angcat

Cops: Exec kills wife, leaps to his death

N.J. woman found dead at home; husband jumped off Del. Memorial Bridge

By DAVID GAMBACORTA
Philadelphia Daily News

gambacd@phillynews.com 215-854-5994

WALTER BUCZYNSKI appeared to have it all - a loving family, lucrative mortgage business and a sprawling house on a cul de sac.

Then it all slipped away.

Over the past few years, the federal government filed several tax liens against Buczynski, an executive vice president at Fieldstone Mortgage Co.

By 2006, he owed more than $656,000 in back taxes.

Fieldstone went bankrupt last November in light of the subprime lending collapse and laid off most of its employees.

Earlier this week, the company requested in court to pay $1.1 million in bonuses to the few remaining staffers and executives, including Buczynski.

But Buczynski didn't stick around for the payout.

Instead, he wrote a horrifying conclusion to a modern tale of corporate excess and failure.

Police said Buczynski, 59, murdered his wife, Marci, 37, in their Marlton, N.J., home yesterday and then jumped to his death off the Delaware Memorial Bridge.

Authorities have yet to determine exactly how Buczynski killed his wife, who was found by police in her bedroom.

Investigators were searching the Delaware River for Buczynski's body last night.

The couple left behind two sons, ages 14 and 8, authorities said. Neither was at home, on Atlanta Drive near Topeka Court, when their mother was killed.

Burlington County Prosecutor Robert D. Bernardi said in a statement last night that Evesham Township police received a phone call at noon yesterday from an unidentified man asking them to "check on the well-being" of Marci Buczynski.

Investigators believe the call was made by Walter Buczynski, who was seen about 20 minutes later getting out of a blue Acura SUV on the Delaware Memorial Bridge and then taking a fatal plunge.

The Delaware River and Bay Authority Police Department is in charge of trying to recover Buczynski's body.

Buczynski's neighbors were stunned and refused to comment at length.

"All I can say is that it's a tragic situation for our neighborhood," said one man, who declined to be identified.

Buczynski joined Fieldstone in 2000, five years after the company was started. He had plenty of industry experience.

He had previously served as a senior vice president at GE Capital Mortgage Services Inc., and as an executive vice president at Secondary for Margaretten & Co., now known as Chase Manhattan Mortgage Corp., according to Fieldstone's Web site.

Fieldstone specialized in providing residential "non-conforming" mortgage loans to people with poor credit histories.

By 2006, the company, based in Columbia, Md., was a total success, with more than $5.5 billion in assets and more than 1,000 employees.

Buczynski, according to Internet records, made more than $583,000 a year.

But rising interest rates and mortgage delinquencies caused the subprime mortgage-lending industry collapse last fall, and by November, Fieldstone executives agreed to file for bankruptcy.

The company laid off almost all of its employees, and claimed to have a staff of less than 20 people earlier this week, according to published reports.

Fieldstone filed papers in U.S. Bankruptcy Court in Maryland on Thursday requesting to pay $1.1 million in bonuses to its remaining staffers, including Buczynski, who stood to receive $99,999, according to reports.

Fieldstone president Michael Sonnefeld could not be reached for comment. *


18 posted on 01/19/2008 7:21:13 AM PST by csvset
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To: csvset
Over the past few years, the federal government filed several tax liens against Buczynski, an executive vice president at Fieldstone Mortgage Co. By 2006, he owed more than $656,000 in back taxes.

In other words:

"This murder-suicide was sponsored by the Internal Revenue Service, www.irs.gov".

37 posted on 01/19/2008 8:36:07 AM PST by The Electrician ("Government is the only enterprise in the world which expands in size when its failures increase.")
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To: csvset

By 2006, he owed more than $656,000 in back taxes....

if he did not pay...corslime & the lib/dems would have come after him!!!!


41 posted on 01/19/2008 9:30:07 AM PST by nyyankeefan
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