CEO Rich Fuld sells 13 mil. dollar estate to wife for 100 bucks to avoid creditors...

Mari333

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Tue Jan-27-09 04:06 AM
Original message

CEO Rich Fuld sells 13 mil. dollar estate to wife for 100 bucks to avoid creditors...

Edited on Tue Jan-27-09 04:08 AM by Mari333

'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 Richard Fuld and his wife Kathleen in 2004 for $13.75 million. In November, less than two months after Lehman Brothers collapsed intro bankruptcy, Fuld transferred the home to his wife for $100.
(ABC News)

The move is garnering attention for what might be Fuld's attempt to avoid creditors as he could face civil lawsuits in the future. '

http://abcnews.go.com/Blotter/story?id=6735513&page=1

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hobbit709

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Tue Jan-27-09 06:04 AM
Response to Original message

1. There's a cure for that

The aristocracy may need to be shortened.

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