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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Review

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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