Love discovered the body of Jeffrey Knight on May 16 in a hunting lodge about 25 miles away from his home in St. Simon's Island, Ga., the magazine reports in its June 7 edition.
Knight died of a gunshot wound to the head, Camden County Sheriff's spokesman William Terrell said.
Love, No. 1 on the PGA Tour money list this year, could not be reached for comment. He is expected to play this week in the FBR Capital Open in Potomac, Md.
Knight was married to the sister of Love's wife. He worked as an operations manager for the Love household, handling travel plans, paying bills and taking care of day-to-day matters. He was not involved with Love's golf-course design business.
It's the second family tragedy for Love. He was 24 when his father, popular teaching pro Davis Love Jr., died in a 1988 plane crash.
'Right now, Davis' main goal is to take care of the family,' his agent, Mac Barnhardt, told Golfweek.
FBI special agent Tony Alig said irregularities in Love's accounts prompted several banks to file reports of suspicious activities. The FBI began investigating in December, and Alig first questioned Knight in early May.
'He was very cooperative,' Alig told the magazine. 'He did admit, to put it in layman's terms, stealing money from Mr. Love.'
Love was not aware of that until May 12, the day after he returned from the Wachovia Championship in North Carolina.
The magazine said Knight was taking the money from an account that had been established when Love built a new home on his estate in St. Simon's Island. The house was built in 2000, but the account remained open.
Golfweek said Knight spent the money on the Camden County fishing lodge, home renovations, and a significant amount preparing for a Y2K disaster.
According to an obituary in The Brunswick (Ga.) News, Knight was a Gulf War veteran who served as a military special operations intelligence analyst.
'In discussions with me, he said Y2K influenced him,' Alig said, adding that Knight stockpiled food, fuel, tools and solar-heating equipment.
Alig last interviewed him May 15. Knight went to the hospital later that day for sleep apnea, checked out early and did not return home.
Love, who spent a lot of time hunting and fishing with his brother-in-law, went to the lodge when he found out Knight was missing. He called 911 upon finding the body.
Alig described Love as 'emotional, but in control of himself.'
Barnhardt said Love was prepared to move forward. Love had been gearing his game to the U.S. Open, which will be played next week outside Chicago at Olympia Fields.
'Davis is one tough dude,' Barnhardt said.
Copyright 2003 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.