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306 Comments
- monkeyman1140, on 01/27/2009, -3/+290You fools. Rich people don't go to jail for theft.
- chicagojack, on 01/27/2009, -7/+285Tell the b*tch I will double her investment..... $200 for the house!
- eobet, on 01/27/2009, -10/+214Absolutely disgusting. I hope someone nails him on fraud, or at least tax evasion (similar to Capone... and come to think of it, the way these huge corporations act and try to lobby/bully the government, it does feel like a new kind of mafia).
- Sagags, on 01/27/2009, -1/+195Would be great if she turned around and divorced him, then sold the house for the 14 million.
- richmomz, on 01/27/2009, -3/+127Ken Lay (CEO of Enron) was even more brazen by "dying" before he could be sentenced - which had the legal effect of instantly transferring all his assets to his family and beyond the reach of legal redemption by the investors he defrauded. (If you didn't pick up on my sarcasm, I wouldn't be surprised if Mr. Lay is currenly living comfortably on a private Carribean island somehwere right now. I also predict that Mr. Madoff is going to have an "accident" pretty soon as well).
- Nathan86, on 01/27/2009, -2/+103FTA:
According to reports, Mr Fuld was running on a treadmill in the bank's gym, on the day he announced that Lehman Brothers was bankrupt, when he was punched in the face by an irate employee.
I really hope that is true - iFrix, on 01/27/2009, -1/+58you have to bid more than 200 US$ ;)
- jhbarr, on 01/27/2009, -1/+56Best line FTA:
According to reports, Mr Fuld was running on a treadmill in the bank's gym, on the day he announced that Lehman Brothers was bankrupt, when he was punched in the face by an irate employee. - JROXZ, on 01/27/2009, -0/+54Yeah, it's nothing personal... just business...
- CoD4, on 01/27/2009, -5/+51Should've just sold the kitchen
- beachtrader, on 01/27/2009, -1/+45Fraudulent conveyance,
End discussion. - inactive, on 01/27/2009, -9/+52What a goddamn crook. Someone should put a bullet in that douche's head at the first given opportunity. The worst part is that I'm sure he feels totally justified and that his family is somehow entitled to that money.
- OMGtheEnd, on 01/27/2009, -2/+40Sad truth is that corporate america is no longer about making money through smart business decisions and good ol'fashioned hard work. It is all about who is the bigger crook.
Everyone turned a blind eye when things were doing well.... now that things are tanking all these crooks are coming to light.
Take take take.. screw everyone else. - kaelyiesta, on 01/27/2009, -0/+35They probably chose the price of $100 because that's the smallest bill they'd ever have.
- pintomp3, on 01/27/2009, -3/+37The wealthy write the laws.
- Rikkochet, on 01/27/2009, -0/+34I don't know why they buried that little nugget at the bottom of the story. For me it was the highlight.
- jnuffnuffnomnom, on 01/27/2009, -0/+34This wasn't the only house he owned- he had 14. He needs more than a punch in the face.
- inactive, on 01/27/2009, -0/+32500000000000000 Gazillion Zimbabwean $
- inactive, on 01/27/2009, -0/+31This ***** gets more surreal with each passing day.
- AmyVernon, on 01/27/2009, -4/+33I heard about this earlier today and it's amazing. I think, however, that it's totally legit in terms of how Florida law works. I recall from the days I lived down there that there were lots of shenanigans like that...
- KimmyGibbler, on 01/27/2009, -1/+29You're an idiot. He is "the man" and he's sticking it to the thousands of investors whose money he lost
- publiclurker, on 01/27/2009, -0/+28Any idea who the employee was? I'd like to buy him a drink.
- thundacatblue, on 01/27/2009, -3/+28He just destroyed the property values in his neighborhood. If I lived there I would be piiiiised.
- ericdano, on 01/27/2009, -0/+24Lehman Brothers.......isn't that the bank that the new Fed Sec Tim Geithner was overseeing in his duties in NY?
Hmmm.... - chrissku, on 01/27/2009, -3/+26Why do you think OJ Simpson ended up moving to Florida after his initial acquittal? Your assets can't be touched by courts in Florida. I think it's time to change this law. Why should we have one state out of 50 that allows this ***** to go on?
- StultusJuventus, on 01/27/2009, -0/+21Caribbean?? That's for peasants! Azores clearly...
- moulin1, on 01/27/2009, -0/+21Yes it is true
- VitriolAndAngst, on 01/27/2009, -0/+19If this had been some poor guy who robbed a bank, and someone suggested that he faked his death and ran because ONLY ONE doctor was a witness other than the family before the cremated him -- well it might get believed.
But a guy with all the money and the means,...
Yeah, I'm of the school of thought that he probably had plastic surgery in that hospital, dropped a few million on a discrete doctor, and went to enjoy his riches on a tropical island.
But anytime you accuse an evil, rich bastard of planning ANYTHING, you are labeled a conspiracy theorist. - billbugger, on 01/27/2009, -1/+20Yeah, 50 cents isn't going to cut it.
- superherofive, on 01/27/2009, -1/+20Yea... you're missing something alright.
- jitterbits, on 01/27/2009, -2/+20No, we're against the right of state to shield criminals from justice and allow the financial rape of shareholders and taxpayers.
- mleh, on 01/27/2009, -0/+16My understanding is that the employee knocked him out cold.
- jeffkee, on 01/27/2009, -0/+16I bid .... $220!!!!
- DivisibleByZero, on 01/27/2009, -3/+19I don't get why we're considering it theft. Maybe the guy did his job poorly, ran the company into the ground, but you can't just go back and take his salary back for that. If somebody sucks at their job, you fire them and THEN stop paying them. You can't fire somebody retroactively.
- inactive, on 01/27/2009, -1/+17Hell yeah. Let the bitch collect the $100 insurance payment!
- Rogem002, on 01/27/2009, -2/+17I totally agree, these fat cats are totally bitching the government and society.They should be strung up by their toes for these disgraceful behaviour.
- ProjectGSX, on 01/27/2009, -0/+14These people deserve more of my hard earned money.
- thaprinze, on 01/27/2009, -1/+15We should sell him to Bruce in the state pen for a pack of smokes.
- ToRoE, on 01/27/2009, -10/+23The roof, the roof, the roof is on fire. Someone burn this ***** house down, while he is still in it.
My rhyme is a little off, but a swell idea all the same... - Midtowner, on 01/27/2009, -0/+12Yep.
Well, in his defense, I'm guessing that the $100 was the amount of consideration listed on the quit claim deed and that either a different sum of money (a lot more if this isn't fraudulent) or no money (it's fraudulent!) changed hands.
I've got a pile of quit claim deeds sitting on my desk which say "WITNESSETH: Grantor, in consideration of the sum of TEN DOLLARS AND NO CENTS ($10.00) to Grantee...." The fact is that the recitation of consideration is just one of the fundamentals of property law which is more of a formalistic anachronism than anything else. In this case, we recite $10.00 changed hands, but in the case on my desk, wife was giving husband the house as part of the settlement of their marital estate. We have recite a bunch of language in these forms which was developed sometime probably around 800 years ago.
I wouldn't read too much into the sum..
But yeah.. fraudulent conveyance. - cam0man, on 01/27/2009, -11/+23he's not breaking any laws....
- thundacatblue, on 01/27/2009, -0/+1120 years is usually about how long trends take to come back around.
- useraccess, on 01/27/2009, -0/+11Do we really have any doubt that he was trying to avoid?
- MrSchler, on 01/28/2009, -0/+11That's actually 13,468,545$. A reasonable bid for a 14M house
- pinkukeftw, on 01/28/2009, -0/+11Waterbeds are coming back?
- redstorm986, on 01/27/2009, -0/+11If he was doing it to avoid creditors, its called fraudulent conveyance.
- davebg8r, on 01/27/2009, -0/+10This is an obvious move to shift assets. That is not even in question. Wouldnt it also be fraud or some sort of tax evasion to sell an obviously multi-million dollar property for $100?
Being a Florida resident, I believe they would have prove it is their primary residence in order for the homestead protection to kick in. - useraccess, on 01/27/2009, -1/+11He should have thought about that when he was running the company into the ground. No one is getting thrown out on their ass. He was just trying to make sure his family would not have to stoop to living in a middle class home. These ***** treat money like it is their right to have as much of it as possible.
- bushout, on 01/27/2009, -2/+12This is the inflated world these people live in, it doesn't even occur to do it for $1
- z00k, on 01/27/2009, -2/+12What is she even doing outside of it in the first place?
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