Why Would a Banker Sell his $14m House to his Wife for $100?

Why Would a Banker Sell his $14m House to his Wife for $100?

Previous Lehman employer accused of attempting to cover up assets from creditors

Dick Fuld, the previous CEO regarding the bankrupt Lehman Brothers (GETTY)

NY – Dick Fuld took house therefore money that is much many years before their company spiralled into bankruptcy which he could not also determine simply how much. But now, the former Lehman Brothers employer is counting every cent and, as he makes for the onslaught of legal actions against him, he discovers himself during the centre of the monetary secret.

Into the months after Lehman collapsed around him, triggering the worst economic panic because the Great Depression and causing him your own $1bn (?718m) loss on their stake within the firm, Mr Fuld transferred ownership of the $14m mansion in Florida to their spouse, Kathleen. Continuar lendo Why Would a Banker Sell his $14m House to his Wife for $100?