In an attempt to protect assets from civil litigation, Former Lehman exec, Fuld, sold his 13.3 million dollar home to his wife for $100 just last November. Seeing as how the sh!t had already hit the fan at Lehman's, how can this possibly be a legal way of shielding this asset?
Oh, and just so you know, Fuld received $22,000,000.00 in compensation in 2007 from Lehman's, so that house was just pocket change. How many people do you know who can afford their entire house on a fraction of one year's salary, and a $13,000,000 one at that?
Our legal system is slow to process cases, especially when wealthy defendants can use their resources to slow everything down. I wonder how long Madoff will be living in his luxury home. And how long will the Fulds keep their Florida mansion? Transferring the title to his wife ought to slow things down a bit, huh?