Dick Fuld, the alleged architect of Lehman Brothers demise sold his 3.3 acre Jupiter Island mansion to his wife for $100. The property was purchased in 2004 for $13.75 million.
This is yet another insult to former workers and shareholders of Lehman Brothers, as Florida laws will now prevent the home being sold from under Mr. Fuld to raise capital, should he face litigation.
Incredible.
Tuesday, January 27, 2009
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