The Washington Times - January 26, 2009, 09:49AM

Lehman Brothers chief executive Richard Fuld sold his $13 million Florida mansion to his wife for $100 in advance of possible civil suits over the financial services firm’s collapse, Reuters is reporting.

Some observers speculate that Fuld is divesting his assets in case civil suits are filed against him, while others say he might be preparing to declare bankruptcy.


“It’s the oldest trick in the book,” one Florida lawyer said.

Hey, if Fuld was hard up for cash, I would have given him $150 for the mansion.

How did I miss the bidding on that place?  Was it on eBay?  I knew I should’ve checked there more often.

You know, selling your $13 million mansion for just $100 lowers your neighbors’ property values.  Now they’ll have to sell their mansions for a lot, lot less.