NY lawyer in lottery mystery travels to Iowa this weekPrevious TopicNext Topic

Maybe the lawyer from NY was monitoring LP and picked up on the Jackpot Winners Protection Program idea!

I have a feeling this guy is going to get grilled

Medium well........ or burned???   

Yes, Coin Toss, that would be nifty ... maybe the jackpot winner's lawyer is psyched ... will be able to charge their client a lot more justifiably now, anyhow!

Sorry, but it says they are bearer instruments on the tickets themselves and the state lottery sites. There have even been cases already where the state flat out said someone gets the money because they turned in the ticket.

http://www.lotterypost.com/news/123795

That article has a man pulling a lottery ticket out of the trash and having full rights to the money, even after the person who bought the ticket challenged ownership.

http://blog.chron.com/newswatch/2011/05/man-sues-texas-lottery-commission-after-being-cheated-out-of-ticket/

That's an article about the popular Willis Willis guy which includes this tidbit: "lottery officials are not responsible for lost or stolen tickets."

Anyways, I think this whole situation is just wasteful of money. Only the conspiracy theorists are out there thinking that the lottery officials are scamming everyone and trying to hide that fact. The only result of this, other than useless spending, will be that these people get their winnings a little later than they would have (though since they already waited a ridiculous amount of time it doesn't seem they are bothered by that).

Even if it didn't say anything on the back lottery tickets would be bearer instruments until they were somehow registered to the owner, which can be done by signing the back. Despite the rampant misunderstanding of what it means, a bearer instrument is simply a financial instrument that the owner doesn't have to register. That's in contrast to registered instruments, where the owner is registered as the owner. cash is also a bearer instrument, but most people understand that their cash doesn't belong to somebody else simply because that person manages to get possession of it.

In the first case somebody claimed they were the rightful owner of the ticket and filed a lawsuit before the lottery paid the prize. That  person died before it was resolved and his heirs settled with the finder. The lottery only paid the money after the case was settled.

In the Willis case the lottery had already paid the money to the person who stole the ticket before the rightful owner surfaced. The lottery had no obligation to reimburse him because they paid the ticket in good faith, and no longer had the money he was entitled to. It was no different than if the thief had stolen his wallet and bought something with the money that was in it. The seller wouldn't have to return the money. It would still be the thief who is responsible for reimbursing him.

Yeah they are.  They are bearer instruments.  What I think happens is this:  as the prize gets larger,   the lotterys' agency own rules become less relevant to the lottery and it becomes more of a STATIST tax revenue collection agency organization.  Think about it.....................what if there was no lottery????????????????  Where would those billions of dollars come from?????????????????  It has been called the low income people tax authority.  They have no problem paying the little ones under $600  but when it gets over that watch out biachies.