Huffington Post: Disgraced Wall Street kingpins living large 5 years after crisis

Lehman Brothers Holdings Inc. former Chief Executive Richard S. Fuld heckled by protesters as he leaves Capitol Hill after testifying before the House Oversight and Government Reform Committee on the collapse of Lehman Brothers. (AP Photo/Susan Walsh/2008) (Source: Huffington Post)

“Take Richard Fuld. Five years after Lehman Brothers Holdings Inc., the 158-year-old company he ran, collapsed under the weight of bad investments and sent a tidal wave of panic through the global financial system, Fuld is living comfortably.

“He has a mansion in Greenwich, Conn., a 40-plus-acre ranch in Sun Valley, Idaho, as well as a five-bedroom home [265 South Beach Road on Jupiter Island… He transferred ownership of the $10.6 million beachfront home, with a pool and  tennis court, to his wife in November 2008, a common strategy for protecting  assets from legal judgments.”

For the complete story: http://www.huffingtonpost.com/2013/09/10/wall-street-executives_n_3894722.html

 

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