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Winner of $56 Million CA Lottery Jackpot Too Busy To Claim Prize
Stroudsburg, PA United States Member #1860 July 11, 2003 2598 Posts Offline |
| Posted: May 12, 2005, 2:43 am - IP Logged |
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They draw at 8:00? That seems pretty early for a game of this magnitude.
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Memphis,Tennessee United States Member #8005 October 15, 2004 11291 Posts Offline |
| Posted: May 12, 2005, 7:34 am - IP Logged |
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a double shift???? why work a double with that money waiting??
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Memphis,Tennessee United States Member #8005 October 15, 2004 11291 Posts Offline |
| Posted: May 12, 2005, 7:34 am - IP Logged |
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if that was the guy who called he has thinking issues,lol
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Fenton,Mi United States Member #1524 May 12, 2003 3852 Posts Offline |
| Posted: May 12, 2005, 7:39 am - IP Logged |
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lets see a ROCKET SCIENTIST??? NO a BRAIN SURGEON!!! oh there is a brain involved? LOL...... VAL
Don't walk behind me; I may not lead. Don't walk in front of me: I may not follow.
Just walk beside me and be my friend.
Albert Camus
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Chief Bottle Washer New Jersey United States Member #1 May 31, 2000 17054 Posts Offline |
| Posted: May 12, 2005, 7:45 am - IP Logged |
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I am about 95% sure that regardless of what a state's rules used to say, a Federal law now allows anyone to change from annuity to cash, within a specific time frame, even if the state requires you to make a choice at the time of purchase. I do not believe, however, that you can switch from Cash to Annuity.
Yeah I know you can do that in GA. It even says that on the Web Site. I don't know about California though. I don't even know why they put that option on the tickets.
Cash Only got some e-mail replies from the NY Lottery indicating that their lawyers think that they can't legally let someone change their mind after the drawing. I can't remember the convoluted reasoning behind it, but it sounded like a freshman lawyer out of school put it together. Somehow the majority of other states are running roughshod over the law, and illegally giving players the option of changing their mind. 
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United States Member #392 June 8, 2002 4750 Posts Online |
| Posted: May 12, 2005, 8:12 am - IP Logged |
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I am about 95% sure that regardless of what a state's rules used to say, a Federal law now allows anyone to change from annuity to cash, within a specific time frame, even if the state requires you to make a choice at the time of purchase. I do not believe, however, that you can switch from Cash to Annuity.
If you got a lump sum and wanted an annuity you could always buy one, that's what Insurance companies sell. If you had an annuity and wanted a lump sum there are plenty of companies out their that would BUY it from you for a fee. Bottom line, where money is involved there are ALWAYS options.
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Chief Bottle Washer New Jersey United States Member #1 May 31, 2000 17054 Posts Offline |
| Posted: May 12, 2005, 10:01 am - IP Logged |
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I am about 95% sure that regardless of what a state's rules used to say, a Federal law now allows anyone to change from annuity to cash, within a specific time frame, even if the state requires you to make a choice at the time of purchase. I do not believe, however, that you can switch from Cash to Annuity.
If you got a lump sum and wanted an annuity you could always buy one, that's what Insurance companies sell. If you had an annuity and wanted a lump sum there are plenty of companies out their that would BUY it from you for a fee. Bottom line, where money is involved there are ALWAYS options.
Agreed, but it's a shame that winners have to take a percentage off the top of their prize if they want to change their mind. It would be better for everyone if all states gave the winners the choice of changing their mind (or not requesting the annuity/cash selection up-front).
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FLORIDA United States Member #5458 July 1, 2004 88 Posts Offline |
| Posted: May 12, 2005, 11:17 am - IP Logged |
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Do you actually collect some of the jackpot on your visit to the California lottery headquarters? I realize you have to fill out forms and such on the visit. I’ve read before that in some states you might wait up to 6 weeks before you see the first payment. If this guy lives from check to check then just up and quitting might not be in his best interest. He might be attempting to lawyer up! Which might not be a bad thing especially if he’s in California illegally.
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United States Member #3331 January 7, 2004 147 Posts Offline |
| Posted: May 12, 2005, 11:50 am - IP Logged |
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Intelligent, rational people would have to think that it was a prank call -- But when you do think of all the morons that keep working after hitting the lottery, you know better! LOL
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Atlanta, GA United States Member #13765 April 7, 2005 138 Posts Offline |
| Posted: May 13, 2005, 9:58 am - IP Logged |
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Either this person liked their job, or was very loyal. Because I would be calling my job telling them I'm too busy to come in. 
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