The 56-year-old father who killed his wife and daughter before turning the gun on himself in a quiet Northern Westchester neighborhood on Friday was reportedly facing multiple lawsuits and financial stress.
According to a People Magazine report, real estate executive Steven Dym was accused of embezzling money from several residential properties he managed before fatally shooting his wife, Loretta, and 18-year-old daughter, Caroline, on Friday morning in Pound Ridge.
Shortly after 11 a.m. on Friday, state police troopers teamed with the Pound Ridge Police Department to investigate a possible suicide at the Dym’s Fox Hill Road home. Upon arrival, officers reported that they had found all three bodies dead inside the residence.
It was determined that Dym killed his family with single shots to the midsection with a 12-gauge shotgun before shooting himself in the head. The Westchester County Medical Examiner’s office officially ruled his death as a suicide on Monday.
Dym had several active civil lawsuits against him, claiming that he had stolen hundreds of thousands of dollars from properties he managed, according to People. He had recently come into financial woes, having put the family’s 4,600-square-foot home, valued at more than $1.5 million, on the market.
Steven Dym was the CEO of Gabriel Management in Queens, taking over for his father, who had been president at the company for years. His wife was the vice president for global strategic memberships for Club Quarters Hotels, headquartered in Manhattan. She was also a graduate of the FBI’s Citizens Academy.
A public funeral for the family has been scheduled for 11 a.m. on Wednesday at St. Patrick’s Church in Bedford. There is no wake planned and interment will be private.
Pound Ridge Police Chief David Ryan noted that there has been a lot of speculation regarding Dym’s murder/suicide, and said the investigation into the motivation behind the act is ongoing.
“This is a devastating and tragic event for this family and this community,” he said in a statement. “We will continue to work closely with state police to make some determination as to the motive behind this tragedy.
“There has been a good deal of press generated about financial issues and previous discourse, as well as a family history in this home. We deal with facts, not unsubstantiated information.”
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