Chutzpah

Fuld’s $100 House

Looks like Dick Fuld may be hearing the pitter-patter of little feet—his creditors’ feet, that is. The former Lehman Brothers chief appears to have sold his seaside mansion in Jupiter Island, Fla., bought in 2004 for $13.75 million, to his wife, Kathy, for $100. Fuld, 62, took some $260 million between 2003 and 2007, but was left with no bonus or severance payments after Lehman went belly-up in October. Now he’s “at the center of a federal probe into whether Lehman misled investors about the firm’s declining performance,” The Washington Post’s Investigations blog reports, and some legal experts are questioning whether the sale of the mansion is an attempt to divest himself of assets ahead of possible investor lawsuits or bankruptcy proceedings.