Did you know that Lehman Brothers CEO Richard Fuld transferred his $13.75 million ocean front estate in Jupiter Island, FL to his wife for $100?

Less than two months after the investment banking firm he led collapsed in the largest bankruptcy in U.S. history, Lehman Brothers CEO and Chairman for just one Benjamin Franklin bill, Florida real estate records reveal.
Richard Fuld transferred his $13.75 million ocean front estate in Jupiter Island, FL to his wife
This home in Jupiter Island, Florida was purchased by former Lehman Brothers CEO and Chairman...
This home in Jupiter Island, Florida was purchased by former Lehman Brothers CEO and Chairman Richard Fuld and his wife Kathleen in 2004 for $13.75 million. In November, less than two months after Lehman Brothers collapsed intro bankruptcy, Fuld transferred the home to his wife for $100.
(ABC News)The move is garnering attention for what might be Fuld's attempt to avoid creditors as he could face civil lawsuits in the future.

It sounds like Fuld is "trying to save as many assets as he can," said Palm Beach attorney Jeffrey Zane, who does not represent Fuld. The move, he added, is basically an interfamily transfer that was necessary because Fuld, as a non-resident of Florida, was not safeguarded by the state's homestead property laws that can protect a family home from creditors.

After failing to find a financial savior to save it from collapse - which was a partial consequence of its heavy involvement in sub-prime mortgage investments - Lehman Brothers filed for bankruptcy Sept. 15, 2008. more

Did you know that there was More Than 40,000 Layoffs?

Miserable Monday:

Home Depot, Caterpillar, Sprint Nextel and Pfizer announce cost-cutting plans."Labor reductions are always the most difficult action to take, but many companies are finding it necessary in this environment," Sprint Nextel CEO Dan Hesse said in a statement today.

The nation's third largest wireless carrier will cut 8,000 jobs by the end of March or about 13 percent of its work force.

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Home Depot, Sprint and Caterpillar
Sprint was one of at least four large U.S.-based companies announcing large-scale job cuts. Pfizer, which is buying rival pharmaceutical giant Wyeth for $68 billion, is planning to cut 8,000 jobs, or about 2 percent of its work force.

The closure of Home Depot's high-end EXPO stores, meanwhile, will affect 7,000 employees, or 2 percent of the company's work force. In addition, Home Depot today said it would also institute a salary freeze for company officers. more

Did you know thsi 93 year old man froze to death in his home?

BAY CITY, Michigan — A 93-year-old man froze to death inside his home, an autopsy has determined, just days after the city limited his flow of electricity for not paying his bills.

Marvin E. Schur died "a slow, painful death," said Kanu Virani, Oakland County's deputy chief medical examiner, who performed Schur's autopsy.

Neighbors discovered Schur's body on Jan. 17. The indoor temperature was below 32 degrees at the time, the neighbors told The Bay City Times for a story Monday.

Schur had no children, and his wife passed away several years ago.

The man had almost $1,100 in unpaid electric bills, said neighbor George Pauwels Jr., who discovered Schur's body.

The utility installed a "limiter" device outside Schur's home on Jan. 13, said Bay City Manager Robert Belleman. The device limits electricity flow to the home and blows out like a fuse if more than allowed is drained. Belleman said he doesn't know if anyone talked to Schur to explain how to reset the device to restore power.

Did you know that man survived two days on whisky while trapped under his sofa

Joe Galliott first became ensnared by his sofa when he tripped over a phone cord during a power cut, sending him tumbling onto the sofa. This made the sofa flip over, landing on top of him and trapping him underneath.

While he was unable to get out from under the furniture, and had no food or water, Galliott was fortunate enough to have knocked a bottle of whisky within reach of his sofa-prison as he fell.

He told The Sun: 'I didn't have the strength to shift anything. I never had anything to drink except from that bottle of whisky, and I sipped on that.'

The 65-year-old was finally rescued from his ordeal when his grandson paid him a visit and called for help. He spent five days in hospital recovering from his sofa hell.

Did you know a man died from a gushot wound playing kick draw?

A 42-year-old West Virginia man died from a gunshot wound in the stomach early Saturday after playing a game of quick draw at a home in the Falls Mills area of Tazewell County, Sheriff H.S. Caudill said Saturday.

Wesley K. Miliam Sr., of Kegley, W. Va., died in the ambulance on the way to Bluefield Regional Medical center shortly after the 4 a.m. incident on Compton Road, said Randy Ann Davis, a spokeswoman for the Tazewell County Sheriff’s Office.

After the shooting, deputies arrested Randy Miller Howerton, 31, of Bluefield, Va., who was participating in the game. Howerton was charged with manslaughter, shooting a gun in an occupied dwelling and possession of a firearm by a convicted felon, the sheriff’s office said.

“What was really surprising was that there didn’t seem to be any alcohol at all,” Caudill said Saturday. “No drugs, no guns, it was very different, very surprising.”

Howerton did not know Miliam well, Caudill said.

“The man charged with the shooting lived at the house with a lady, and had for some time. They had friends over for the night and some of them knew” Miliam, Caudill said. “It was just reckless handling of a firearm.”

Howerton is being held at the Southwest Regional Jail in Tazewell without bond, Caudill said.

His prior felony convictions include larceny.

Did you know a man who shined a green laser light into cockpit of plane sentenced to 3 years

Man who shined laser into airplanes sentenced to 3 years
CLEVELAND — A Brook Park man who shined a green laser into the cockpits of airplanes and a helicopter last June will spend three years in prison after pleading guilty to those crimes and separate drug-dealing charges.

Justin Dewalt, 26, pleaded guilty to several felonies and was sentenced Friday, officials said.

According to the Cuyahoga County prosecutor's office, the laser incidents unfolded this way:

Dewalt bought a high-power laser off the Internet and brought it to a party on West 130th Street June 4. That night, flight crews of two planes about to land at Cleveland Hopkins International Airport reported that someone hit their cockpits with a laser.

One airliner carried about 20 people, the other about 100.

About an hour later, a laser hit the cockpit of a MetroHealth Medical Center helicopter flying a patient to the hospital from Elyria.

The helicopter pilot told Cleveland police the area where the laser came from and when a pilot for the police helicopter flew over to investigate, he, too, was hit in the eye by a laser that was coming from a moving car.

Cleveland police stopped the car a short time later and found Dewalt in the back seat with a laser.

Did you know a woman shot her boyfriend for not letting he sleep?

A Monroe woman, who said she was angry because her boyfriend wouldn't let her sleep, shot him with a small-caliber handgun, according to an arrest affidavit.

Charged with aggravated battery was Roshonda Anding, 21, of 3002 Burg Jones Lane. She remained in Ouachita Correctional Center on Saturday afternoon with no bond set.

The arrest affidavit said Ouachita deputies found the victim in his car at the intersection of Beverly Street and Morton early Saturday. The victim had been shot once in the hip, and was taken to LSU Medical Center.

Deputies said they encountered the suspect walking in the vicinity of the shooting scene. The affidavit said Anding led authorities to the handgun, which she had thrown into a culvert.

"Anding was cooperative," the affidavit said, and "only stated that she shot (the victim) because he was bothering her and wouldn't let her sleep."