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Irwin Jacobs, the flamboyant former CEO of the now-bankrupt Genmar Holdings, and his wife Alexandra were found shot Wednesday in their Minnesota home in an apparent murder/suicide, according to local media reports. Both were 77.

Orono, Minnesota police reported the bodies of the couple were discovered on a bed, along with a handgun, according to KARE-TV.

A longtime business associate, Dennis Mathisen, told the Minneapolis Star Tribune that “Irwin killed his wife and himself.” Read on.