Could Lehman’s Dick Fuld end up behind bars?
What should be the fate of Lehman Brothers’ chief executive, Dick Fuld? After this week’s 2,200-page potboiler from the bankruptcy courts, one former Lehman banker has an uncompromising opinion.
“I think this is gross negligence of the highest order and I want to see people behind bars,” says Larry McDonald, a former Lehman vice-president whose book, [...]
Lehman Brothers bosses could face court over accounting ‘gimmicks’
• Former chief Dick Fuld and accountants Ernst & Young criticised in 2,200-page report• Claims that buyer Barclays received assets it was not entitled to• Fuld tried to involve Gordon Brown to fast-track Barclays rescue
A court-appointed US bankruptcy examiner has concluded that there are grounds for legal claims against top Lehman Brothers bosses and auditor [...]
