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Finance expert shoots dead wife, three sons and mother-in-law after stock market crash
October 08, 2008
A finance expert who shot dead his wife, three sons and mother-in-law before turning the gun on himself blamed the stock market crash.
Karthik Rajaram, a former analyst with London-based PricewaterhouseCoopers, killed his family at their luxury home when he realised their wealth had been devastated by plunging shares on Wall Street.
Indian-born Rajaram, 45, left a suicide note, saying shooting them was "the honourable thing to do".
He had recently made £875,000 in the sale of an internet company he co-founded with an initial stake of £12,500.
The bodies were found at their home in Los Angeles on Monday after his wife failed to go to work.