10-07-2008, 08:39 PM
<b>US meltdown: Indian American kills family, self</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Shocked at having turned into a pauper from a millionaire overnight by the plunging American stock markets, an unemployed Indian origin businessman took the extreme step of shooting and killing his wife, three children and mother-in-law, before taking his own life in Los Angeles.
Karthik Rajaram (45), who once made more than $1.2 million in a London-based venture fund, was found dead in his Porter Ranch home here along with his wife Subasri (39), mother-in-law (70) and three sons Krishna (19), Ganesha (12) and Arjuna (7).
Authorities believe Rajaram, an MBA, killed his family and himself after seeing his finances wiped out by the stock market collapse, Los Angeles Times reported on Tuesday.
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Karthik Rajaram (45), who once made more than $1.2 million in a London-based venture fund, was found dead in his Porter Ranch home here along with his wife Subasri (39), mother-in-law (70) and three sons Krishna (19), Ganesha (12) and Arjuna (7).
Authorities believe Rajaram, an MBA, killed his family and himself after seeing his finances wiped out by the stock market collapse, Los Angeles Times reported on Tuesday.
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