Why Dick Fuld Sold His Wife His Mansion For $100

Yep. It’s most likely every bit as shady as you thought.

From the NYT:

It is possible that he is now transferring properties because of his fears of investor lawsuits or a possible bankruptcy, lawyers in Florida said.

“This is the oldest trick in the books” said Eric S. Ruff, a lawyer with Ruff & Cohen in Gainesville, Fla. “It’s common when you hear the feet of your creditors approaching to divest yourself.”

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