Fuld ‘sold’ mansion to wife for $100

The controversial former chief executive of Lehman Brothers transferred ownership of a $14m Florida mansion to his wife for $100 in a possible attempt to move assets beyond the reach of infuriated investors of the collapsed bank, reports The Times. Dick Fuld, who led the 158-year-old investment bank to its demise last September, sold the beach-front house to his wife, Kathleen, for $100 on Nov 10, according to Marin County real estate records. The couple had previously jointly owned the Jupiter Island property, which was valued at $13.75m when they bought it in March 2004.