No use doing this in Greenwich

Dickie Fuld, in a move sure to infuriate Mad Monkey, sold his $14 million Jupiter Island Florida home to his wife for a couple of hundred bucks last November 10th. That’s well below MM’s $1,000 sf threshold, but there’s a point to Dickie’s generosity: Florida’s “Homestead exemption” law, which puts a Florida resident’s primary residence beyond the reach of creditors. Is Mrs. Fuld a Florida resident? If she isn’t, I’m sure she will be soon. Connecticut offers no such protection so I assume we can expect to see the house stay in whatever form of ownership it presently holds. Going back a ways to another Wall Street scandal, Richard (?) Levin (Levine?) managed to buy a $6 million dollar house in Florida before he was convicted and jailed as part of the Ivan Boseky insider trading fun. (all names are phonetic after all these years). Levine/Levin was a Kidder Peabody man, I think.

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4 responses to “No use doing this in Greenwich

  1. Mad Monkey

    Perhaps poor Dickie can land a starring role in the 2009 readaptation of the 1974 classic, “Young Frankenstein”.

  2. JIC Golfer

    But was Dickie a member of the Jupiter Island Club? I think they are recruiting felons.. Dede Brooks from Sotheby’s was admitted to membership as a convicted felon, and not asked to resign from Round Hill. However Fuld would be the first non Our Crowd Jew.. or maybe any Jew… to be in the club.

  3. Inagua

    Marty Siegal of Kidder moved to Florida just before he plead guilty to insider trading with Ivan Boesky. He had just built a modern house on the water in Green Farms, which Phil Donahue bought a few years later and tore down to expand his lawn.

    Dennis Levine was a Drexel guy who was caught for insider trading and asked Boesky for $5 million not to rat out Boesky. Rather than risk $5 million, Boesky paid about $100 million in fines and went to prison for two yeas.

  4. Towny

    “Dennis Levine was a Drexel guy who was caught for insider trading and asked Boesky for $5 million not to rat out Boesky. Rather than risk $5 million, Boesky paid about $100 million in fines and went to prison for two years.”

    -Remember when 5 and 100 million were considered a god damn awful lot of f’n money?

    Chump change by todays Mad Monkey standards.