Dick Fuld: Protecting the Assets That Remain!
cityfile · 01/23/09 01:20PMA tipster just alerted us to a bit of stunning Dick Fuld news: The disgraced ex-CEO of Lehman Brothers transferred ownership of his $13.75 million Jupiter Island mansion to his wife, Kathy, on November 10th. Could Fuld be worried about the flurry of lawsuits from incensed shareholders and creditors? Possibly! According to Martin County, Florida property records, the home was previously owned by the couple jointly. Until, that is, Fuld transferred it to his wife for the princely sum of $100 on November 10, less than two months after the firm went under. The evidence (and a correction) after the jump.