Lottery winner flees Spain penniless as bank seizes villa and bar

A chav is also a person who has no dress sense whatsoever, who are famous for their lack of talent,  people like Cheryl Cole (tweedy) who abused a night attendant,  was very rude towards a contestant called Wagner on the 2010 uk x factor, mimes when singing live has an attitude, but the media in my country thinks she is the nations sweetheart and to whom Simon is appointing to be judge on American x factor and her mini me Cher Lloyd who is a bad rapper/singer, has a bad attitude also and who also appeared on the 2010 x factor, are well known chavs in the UK as a lot of people can't stand them

Regarding this man he has a lack of money management, he should have got a good financial advisor and learnt how to save

Agree agree and agree.

I believe that if these guys won $100 million each after taxes, they will still be broke today! Money cannot change nasty habits just make them worst! 

I'm sure you could have bought homes for a bit under 100k back in '97, but the article doesn't make me think he was the type to buy modest houses. In that case, he would have blown about half right at the start, and then everybody would have hefty bills for upkeep on the houses. Even if I'd won the whole MM myself when it hit $380 million, I'd have invested most of the net and figured I had a very generous, but very fixed income to live on.

My advice to jackpot winners is that it is perfectly fine to purchase a multi-million dollar home. You only have one life to live,but make sure you pay off your mansion in full. Then make sure property taxes,electric, and insurance is paid out for the rest of your life. Then make sure you have at least a couple million put up to eat off! last but not least Party,Party and Party!!! 

Why would such a young guy need a double hip replacement?

falling over drunk, car crash,  geting into fights>?

I have been working hard & saving my money to dowhat i want in life! I wish that i could hit the lottery  I do have several plans in place to what i want with the money.

Of course help my two brothers finish their house mortages.College Funds for the two nephews and two neices. then my two sisters assist them how ever I can.

My business plan. My entertainment, Church, Investments. How can I go wrong??

I want to revisit South Africa & Greece.

Yes, I agree with the poster who posited the problem being "habits." 

Certainly, it's probably a good idea for we members whose objective is to net multi-millions from the lottery, to begin ceasing bad habits now.  For examples:  If one currently takes unnecessary drugs to lessen or cease that negative habit even if it requires obtaining nurse's daily visit assistance and monitoring.  If one currently buys at least one item per week "impulsively" to cease that negative habit.  If one sleeps more than 10 hours per day to cease that negative habit.  If one spends over $14 per week gambling and their analysis indicates loses more than gains each week to lessen or cease that negative habit (this includes investments in stocks, mutual funds, options, and futures).  If one loans money to others and rarely gets paid back near when the IOU indicates, to cease that negative habit.  If one associates with people that don't have mainly positive habits and positive influence on themself, to cease that negative habit (and change their phone #).  The diligent daily selfwork is:  I'll need to spend time analyzing my actions and endeavors and adjusting if they don't lead to positive, satisfactory, or enthralling outcomes.

Really, one should presume that with greater net worth, any pre-existing negative habits will quickly become amplified and multiply.  So, one should have a reduction or cease plan in place for negative habits.  It sounds like the problem with both of these big lottery winners was that they began increasing drug usage (not sure if prescription or street drugs, doesn't matter), those drugs clouded their thinking (possibly even deformed brain cells formations), and then this individual spent unreasonable amounts of money on increasing gambling, vacationing, and purchasing, expatriotism ... which caused rapid mental shutting down of their reasoning powers.

I have a bad habit of being a quality spending tightwad (i.e. I rarely give to charity, bums, beggars, family but I have no problem shelling out a few thousand quid for a first-class plane ticket).  When I win (hey, playing the lottery is all about the dream, right?!!), my strategy for not falling into arrears or financial disaster would be to spend no more than the amount of interest/dividends earned per year.  When I enter into any business deal, I would have my team of lawyers analyze the documents, perform my own due diligence, only put up a percentage that I could afford to lose, and make sure the legal structure shields me from liability.  My bad habit that I would really indulge would be playing some of the best golf courses around the world.  I have no interest in drugs, free-loading women (i.e. prostitutes), and I wouldn't be foolish to enter into any casino to gamble away my luckily earned fortune (if I accompanied someone to a casino, I would spend no more than 20 quid...yeah, like I said, I am a tightwad!).

Anyway, it is too bad to hear about people who cannot manage their money, but that reality affects lottery winners, business owners, government officials, military people, rich, middle class and of course, poor alike.  Of course, no one cares to hear about the person making $25,000 who mismanages his/her money...it much more sensational to hear when some lucky soul experiences that misfortune.

I promise that this will never happen to me!