Why would a banker sell their $14m home to their spouse for $100?
Previous Lehman employer accused of attempting
Dick Fuld took house therefore much profit many years before their firm spiralled into bankruptcy which he could not also calculate 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.
Within 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.