UK Landlord Forum / Life

Richard Fuld, the former chief executive of Lehman Brothers, sold his $13.3 million (£9.6 million) Florida mansion to his wife in November for $100, according to real estate records.

Mr Fuld, who is widely blamed for the collapse of Lehman Brothers in September last year, bought the house with his wife, Kathleen, in March 2004 for $13.75 million.

On November 10, the 62-year-old banker transferred the seaside mansion into Mrs Fuld's name in return for $100.

Mr Fuld is expected to face civil lawsuits from shareholders furious that he allowed Lehman to fall into bankruptcy rather than be sold months earlier.

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Ha, that's it, protect your assets! If that were me, i'd probably do the same.