Monday, January 26, 2009
James Quinn, Telegraph.co.uk,
James Quinn, Telegraph.co.uk,
Ex-Lehman chief Dick Fuld sells mansion to wife for $100
Former Lehman Brothers chairman and chief executive Dick Fuld has sold his $13m Florida estate to his wife for just $100, in a controversial move likely to anger former workers and investors who suffered as a result of the bank's spectacular collapse last year.
Florida real estate records show that Mr Fuld, who led the bank for 14 years until it collapsed in mid-September, transferred ownership of the couple's 3.3-acre seaside home in the state's Jupiter Island to his wife Kathleen on November 10.
The couple jointly bought the house for $13.75m in March 2004, but transferred it to his wife less than two months after Lehman's collapse.
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Posted by Editor on 01/26/09 at 06:20 PM •
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