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NEW YORK (Reuters) - Fallen Lehman Brothers Chief Executive Richard Fuld sold his $13.3 million (9.8 million pound) mansion to his wife for just $100 (73 pounds) last November, according to Florida real estate records.
The 62-year old executive, who could face civil lawsuits after overseeing the storied investment bank's collapse into Chapter 11 proceedings last September, transferred ownership of the 3.3 acres seaside home to Kathleen Fuld on November 10, records show.
The couple had jointly bought the home for $13.75 million in March 2004, as first reported by Cityfile.com.
Fuld has been blamed for Lehman's collapse on September 15 after it was weighed down by bad assets leading to the largest-ever U.S. bankruptcy when it was unable to find a buyer to come to its rescue.
He was widely criticized for not acting quickly enough to save the 158-year old bank.