Deal of the Decade? Lehman's Fuld Gave $13.75 Mil Estate to Wife for $100

Less than two months after the investment banking firm he led collapsed in the largest bankruptcy in U.S. history, Lehman Brothers CEO and Chairman Richard Fuld transferred his $13.75 million ocean front estate in Jupiter Island, FL to his wife for just one Benjamin Franklin bill, Florida real estate records reveal.

This home in Jupiter Island, Florida was purchased by former Lehman Brothers CEO and Chairman...
This home in Jupiter Island, ... Full Story »

Posted by Michael Bugeja
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Subjects: U.S., Business, Living
Topics: U.S. Economy, Money
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Posted by: Posted by Michael Bugeja - Jan 27, 2009 - 12:33 AM PST
Edit Lock: This story can be edited
Edited by: Kaizar Campwala - Jan 27, 2009 - 6:15 AM PST
Peter L. Combs
3.8
by Peter L. Combs - Jan. 27, 2009

Well sourced, good verifiable content. Adds another sad piece to the puzzle of the Lehman collapse and context for the abject failure of Wall Street and long term Government practices. Fuld is protecting himself, probably not breaking any laws.

When the public learns to understand the depth of disconnect between the Investment World i.e Wall Street, The Fed and elected Government officials none of this will seem at all shocking or even a surprise. Go to a Georgetown Cocktail party...they are all pals and this is just a show for us and the media.

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Michael Bugeja
4.2
by Michael Bugeja - Jan. 27, 2009

ABC News continues to investigate those who caused the economic collapse and what they have done with their millions in bonuses after parachuting on client and/or taxpayer money. In this case, Lehman Brothers CEO and Chairman Richard Fuld transferred his $13.75 million ocean front real estate in Florida to his wife to avoid creditors--though no creditors were named--in anticipation that someone somewhere in government actually might prosecute these crooks. Who will step up in the Obama administration and the Democratic Congress?

If Enron's leaders could be prosecuted, so can Lehman's. Comments under this ABC News story ask what I have been on asking on NewsTrust. Why isn't this a crime? Is it possible these CEOs can be prosecuted on conspiracy charges based on what they told Congress and then emailed each other, as this article discloses?

Waxman cited an e-mail exchange among top Lehman executives. After someone sent an e-mail suggesting that Lehman’s top management give up their bonuses, both Fuld and ... More »

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Kenneth Sibbett
4.1
by Kenneth Sibbett - Jan. 27, 2009

What a sleazy bastard. He's got four homes and every night when he goes to bed, he whines "what could I have done different" I'll tell you what you could have done. You could have looked after the investor's whose money paid for you exquisite lifestyle. People like you never die, they just rot .

And for your wife, poor thing, who could,t know what you were doing, after buying her house for 1 dollar, I hope she can sleep at night. Their's a lot of people who your husband cheated, who don't have a place to sleep.

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Norman Rogers
2.0
by Norman Rogers - Jan. 27, 2009

He hasn't done anything illegal. Given that this is a lawsuit happy nation he is obviously trying to protect his family. He may have been imprudent or stupid but this is not the same as criminal.

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