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Ex-Lehman boss sells house to wife
Monday 26th January, 2009
It has been revealed that sacked Lehman Brothers CEO Richard Fuld sold his US$13.3 million mansion to his wife for just one hundred dollars last year.
According to real estate records, the ownership of the 3.3 acre seaside house was transferred to Kathleen Fuld last November.
The couple had jointly bought the home for US$13.75 million in March 2004.
The 62-year-old executive could possibly face civil lawsuits over the collapse of Lehman Brothers.
Mr Fuld was blamed for Lehman's collapse on September 15 after it was weighed down by bad assets leading to the largest-ever US bankruptcy.
Monday 26th January, 2009
It has been revealed that sacked Lehman Brothers CEO Richard Fuld sold his US$13.3 million mansion to his wife for just one hundred dollars last year.
According to real estate records, the ownership of the 3.3 acre seaside house was transferred to Kathleen Fuld last November.
The couple had jointly bought the home for US$13.75 million in March 2004.
The 62-year-old executive could possibly face civil lawsuits over the collapse of Lehman Brothers.
Mr Fuld was blamed for Lehman's collapse on September 15 after it was weighed down by bad assets leading to the largest-ever US bankruptcy.
