The couple have closed on the sale of their 6,square-foot co-op at Park Avenue, albeit for quite a bit less than they were hoping to make on the sale. The lucky buyer? Now he's unloaded his former co-op at 2 Fifth Avenue. Goldman Sachs has been accused in recent weeks of plotting to make a fortune from the collapse of the American economy and then plotting with Washington insiders to hand the banking industry a massive bailout.
Lehman Brothers's Dick Fuld trying to sell $27m Idaho mansion he hid for years
kathy-fuld — Gawker
By Alexandra Klausner For Dailymail. The disgraced former Lehman Brothers CEO Rochard 'Dick Fuld is trying to sell the acre property in Idaho he hid in for years after he presided over the largest bankruptcy in American history. Richard 'Dick' Fuld, 69, has apparently been trying to sell his multimillion-dollar Sun Valley home for a year but is struggling to find a buyer. Fuld's property consists of mostly undeveloped land, a house, and a private road and bridge. Fuld owns other patches of land in the area making a total of 97 acres. The posh private community of Sun Valley is a popular getaway for celebrities like Bruce Willis and wealthy individuals like Steve Jobs' widow Laurene Powell. Fuld also owns other properties in Greenwich, Connecticut and Jupiter, Florida.
Mystery: Why Did Dick Sell His House To His Wife?
But in this case, the transaction is likely to raise eyebrows for reasons other than the price. The seller, according to county records, was Richard S. Fuld Jr. The buyer was his wife, Kathleen. The motivation is unclear, but Mr.
Dick Fuld took home so much money in the years before his firm spiralled into bankruptcy that he couldn't even calculate how much. But now, the former Lehman Brothers boss is counting every penny and, as he prepares for an onslaught of lawsuits against him, he finds himself at the centre of a financial mystery. The five-bedroom property, nestled on 3. As details of the transfer emerged yesterday, Wall Streeters and lawyers speculated that the couple could be trying to shield as many of their assets as possible from lawsuits, including bankruptcy proceedings.