Previous Lehman employer accused of attempting
Dick Fuld took house therefore much profit the years before their firm spiralled into bankruptcy which he could not also determine just how much. Nevertheless now, the former Lehman Brothers employer is counting every cent and, while he makes for the onslaught of legal actions against him, he discovers himself during the centre of the monetary secret.
When you look at the days after Lehman collapsed him a personal $1bn (Ј718m) loss on his stake in the firm, Mr Fuld transferred ownership of a $14m mansion in Florida to his wife, Kathleen around him, triggering the worst financial panic since the Great Depression and causing. She paid just $100, the minimum allowed by Florida law. Continue reading Why would a banker offer their $ house that is 14m their spouse for $100?