Why would a banker offer his $14m home to his spouse for $100?

Why would a banker offer his $14m home to his spouse for $100?

Previous Lehman employer accused when trying

Dick Fuld took house therefore much profit many years before their company spiralled into bankruptcy which he could not also determine simply how much. Nevertheless now, the former Lehman Brothers employer is counting every cent and, at the centre of a financial mystery as he prepares for an onslaught of lawsuits against him, he finds himself.

When you look at the days after Lehman collapsed him a personal $1bn (?718m) 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 permitted by Florida legislation.

The property that is five-bedroom nestled on 3.3 acres of beachfront at gorgeous Jupiter Island, north associated with well-to-do play ground of Palm Beach, is their „seasonal getaway” and another of five domiciles the few very very own.

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