Lottery winner sues advisors for poor policies
What do you buy when you win the lottery? An exotic new car? Likely. A sprawling luxury home? Sure.
Life insurance? Not so much.
A young, unmarried grocery store worker, with no children, won half of a $336 million Mega Millions jackpot and did just that: bought a $100 million life insurance policy. Now he is suing the financial advisors who sold him the policy, along with other investments that encouraged him to assume tens of millions of dollars in debt, according to the Courthouse News ...
Sep 27, 2013, 1:30 pm - Lottery News forum
Lottery winner stays grounded after $220 million jackpot
Says waiting to claim jackpot was best thing he did
Includes audio report
In 2005, Brad Duke of Star, Idaho, hit a huge jackpot: $220 million in the Powerball lottery. It took a couple days, even a couple of weeks, for the magnitude of his win to hit. He didn't tell anyone, and went about his daily routines while he tried to figure out what he wanted to do next.
As a regular lottery player, Duke had let himself fantasize about what it might be like to win thousands of dollars someday. A ...
Aug 12, 2013, 4:15 pm - Lottery News forum
Lottery winner who blew $14.5M happy to be working in cookie factory
Lotto lout Michael Carroll today lifts the lid on his new life as a 6-an-hour shortbread packer in a biscuit factory in the Highlands.
Britain's most notorious jackpot winner blew his 9.7million fortune on drugs, booze and hookers and doesn't have a penny left.
He fled north last month to escape his hellraising ways after pals warned him that he would be dead within six months if he carried on partying.
But he was so skint he was forced to sleep rough in a forest as he hunted for work. ...
Jul 9, 2013, 8:27 am - Lottery News forum
Man overcomes gambling addiction, wins lottery
Joseph T. Jones Jr. won $20.8 million in 1992 in a Pennsylvania Wild Card Lotto $993,000 yearly for 21 years.
He just deposited the last check months ago.
I didn't spend it all. I didn't lose it all, said Joe. His nickname for the last 20 years has been Lotto.
If I'm at the urinal at an Eagles game, he explains, and one of my friends sees me, he'll yell, 'Yo, Lotto!'
Joe, 61, is still selling office supplies, though work is a relative term. He visited two clients before he hit th ...
Jul 6, 2013, 8:47 am - Lottery News forum
Canadian lottery winner donates $1 million for marijuana legalization
On Saturday April 20, activists and cannabis enthusiasts will gather in cities across Canada, including Vancouver, Edmonton, Winnipeg, Toronto, Ottawa, Halifax and Yellowknife. It is hoped the events will be a watershed moment for cannabis law reform as Canadians seek to follow their American counterparts and end the social injustice of cannabis prohibition.
This year, the annual nationwide 420 celebrations are entirely sponsored by lottery winner Bob Erb.
When Bob Erb started buying lotte ...
Apr 20, 2013, 9:44 pm - Lottery News forum
EuroMillions lottery winners to build unusual home
Once you've bought your 100,000 Jaguar XKR-S, paid off Dad's mortgage and given your best friend more than 1 million, how do you start wasting spending the rest of a 45 million lottery win?
The answer for Matt and Cassey Topham, a former decorator and supermarket worker from Nottingham who scooped the EuroMillions jackpot last year, is to erect a futuristic mansion on a suburban avenue with all the trappings of a James Bond villain's lair.
The couple on Thursday submitted a planning applic ...
Apr 20, 2013, 1:49 pm - Lottery News forum
Lottery winner hits baby jackpot
The first time lady luck smiled on Joe Denette, he won a boatload of money.
The second time, the prize was even more amazing.
He and his wife, Meagan, became the parents of two babies, delivered during separate births, 100 days apart.
One was the result of planned medical intervention. The other came as a complete surprise.
Both are 100 percent genetically our children, the mother said, adding: It's a cool story.
It's made even more interesting by the fact that Joe's life had al ...
Apr 14, 2013, 2:47 pm - Lottery News forum
Lottery winner penniless after blowing through $10.5 million
Nine years after cashing her $10,569,000.10 check, Canadian lotto winner Sharon Tirabassi is catching the Barton Street bus to her part-time job. She's working to support her kids in their rented house in northeast Hamilton, Ontario.
Tirabassi, 35 one of this city's biggest lotto winners has gone from rolling in dough to living pay check to pay check.
The Lotto Super7 payout didn't come with a financial adviser and before she knew it big house, fancy cars, designer clothes, lavish parties, ...
Mar 25, 2013, 9:08 am - Lottery News forum
$2.7 million lottery winner down to his last $10
Dad-of-two Roger Griffiths, 42, used to drive a Porsche and vacation with the super-rich in New York and Monaco.
He and wife Lara lived in a 670,000 home, sent their children to a 10,000-a-year private school and plotted to double their wealth through property and stock market investments.
Roger also splurged on a fleet of fancy cars and luxuries like tailor-made suits and Cartier diamond jewellery.
He even blew 25,000 making a record after getting his old student band back together. Th ...
Mar 25, 2013, 8:45 am - Lottery News forum
Missouri Powerball winners live modestly, give back to hometown
Three months after winning half of the biggest Powerball lottery jackpot in U.S. history, Mark Hill still meets friends for morning coffee at a local convenience store.
And that Camaro sports car Hill considered buying with his winnings? He got a pick-up truck instead.
While some lottery winners fritter away their fortunes or meet tragic ends, not much has outwardly changed for Mark and Cindy Hill since they won half of a $587 million Powerball jackpot in November. They netted $136.5 milli ...
Feb 25, 2013, 7:33 am - Lottery News forum