NORFOLK, Va. (AP) -- Police on Wednesday searched for a fired stockbroker accused of returning to the brokerage and killing the manager who dismissed him.
Joseph Ludlam, 36, reportedly was fired a month ago from First Union Securities because of discrepancies in his accounts and aggressive trading practices. Police say he returned to the brokerage Tuesday morning and killed Timothy K. O'Shaughnessy, 40.
The search for Ludlam focused on southeastern Virginia because a witness saw him in Portsmouth as late as Tuesday afternoon. "We don't have anything to indicate that he left the area," said Larry Hill, a spokesman for Norfolk police.
Police warned that Ludlam was armed and should be considered dangerous.
Ludlam arrived at the office at about 8:30 a.m., encountered several employees and confronted O'Shaughnessy, witnesses told police. He told at least one other person in the office, "You'd better get out of here," shot his former boss, then fled, police said.
Ludlam ran to a nearby parking garage and fled in O'Shaughnessy's 1998 green Honda Accord, police said. The car was still missing Wednesday.
Ludlam, a 1986 graduate of the Naval Academy and a Gulf War veteran, was discharged from the Navy as a lieutenant in March 1996, according to military records.
In September, Ludlam was arrested and charged with failure to appear in court on a misdemeanor charge.
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