$10M lottery winner squanders fortune
He does odd jobs to make ends meet, claims welfare benefits, and lives in a 15 (US $30) a night guest house.
It's hard to believe that just three years ago, ex-British soldier Peter Kyle hit the lottery jackpot of 5.1 million (US$10.1 million).
Today, the 55-year-old divorc e has squandered all his winnings and is virtually destitute, reported The Daily Mail. It is claimed he also owes money.
A source told The Daily Mail that Kyle lost his money after making a string of ill-advised in ...
Apr 14, 2008, 11:24 am - Lottery News forum
Some lottery millionaires can't wait to return to work
Many of us, if we won big in the lottery, would have one item at or near the top of our to-do list: never work again.
But when Camelot, operator of the UK National Lottery, polled 100 of its lottery millionaires, the results threw up a few surprises. Of those working before their win, a third chose to go on working, with half of them remaining full-time. (And of the two-thirds who have ceased the daily grind, half admitted to missing work.) With a million-plus jingling in your back pocket, wh ...
Mar 25, 2008, 10:42 am - Lottery News forum
Millionaire lottery winner goes back to job at McDonald's
It's not the natural habitat of the millionaire.
But if you visit a particular McDonald's store in Cardiff, you've every chance of being served by one.
Luke Pittard, 25, won 1.3 million (US $2.6 million) in the National Lottery 18 months ago.
He celebrated in the usual way, buying a new home and splashing out on a lavish wedding and holiday in the Canary Islands.
Then he realized that he really missed his job.
So he asked to go back and couldn't be happier, getting up at the ...
Mar 25, 2008, 10:00 am - Lottery News forum
UK National Lottery operator Camelot knew manager was spying on rivals
A manager at Camelot, the operator of the United Kingdom's National Lottery, used false identities to gather intelligence on rival companies, according to an official investigation.
Alexia Latham, a media relations manager, used three aliases to glean information over a 10-month period as Camelot fought off competitors to win a lucrative 10-year license.
On one occasion, Latham, 34, posed as a student using the name Karen Dikins and a fake e-mail address to dupe a leading lottery consultan ...
Feb 25, 2008, 3:51 pm - Lottery News forum
£10 million lottery winner blows fortune, in debt
When hospital porter John McGuinness won a 10 million (US$19.5 million) British National Lottery jackpot, he thought his good fortune would never end.
Eleven years later, he is deep in debt, looking for a job and applying for public housing.
Some say it's all because he accepted an invitation to join the board of a football (British soccer) club.
Thanks largely to a disastrous 4 million investment in the lowly Scottish side Livingston FC, McGuinness, 44, owes more than 2 million and is ...
Feb 12, 2008, 9:00 am - Lottery News forum
Lottery winner's sweet wish
Retired hospital porter Steve Smith, who is suffering from a potentially fatal heart defect, won almost 19 million (US $38 million) on Britain's National Lottery but said he would give it all up if he could spend a few more years living with his wife Ida.
I have a one in 10 chance of living. It's like a ticking time bomb, said the 58-year-old Smith, enjoying a bittersweet glass of celebratory champagne with his wife Ida.
Smith, who has an aortic aneurysm, told reporters when collectin ...
Feb 6, 2008, 8:27 am - Lottery News forum
Bank details of lottery winners found by road
The bank details of 200 wealthy people including 3 UK lottery winners have been found by the side of the road after apparently falling out of a couriers van.
The details belonged to the customers of finance firm Prudential and included items such as checks and other personal documents that criminals could use to steal the identities of those people.
The documents were found near a access road for Junction 11 of the M4 near Reading by a vehicle recovery driver. The documents were on the ...
Jan 11, 2008, 7:48 am - Lottery News forum
Britain's biggest lottery winner says jackpot ruined her life
Emerging from a cramped flat in the run-down Scottish town of East Kilbride, the dowdy middle-aged woman does not look out of place.
Clutching a handful of plastic carrier bags, she struggles down the street alongside the school-run moms and Asbo kids on their way to the chip shop.
The weather has turned her recently permed hair into a shapeless frizz and her lackluster skin is devoid of make-up. Dressed in old jeans and a baggy top, another empty day unfolds.
Her look is not one whic ...
Oct 25, 2007, 10:21 am - Lottery News forum
California looks to British lottery model
California is seeking to become the first US state to privatize its lottery to raise as much as $37 billion ( 18 billion, 26 billion), with some of the funds used to finance governor Arnold Schwarzeneg ger's sweeping health care reforms.
Some of Wall Street's biggest investment banks have made unsolicited approaches to the state to convince it of the merits of privatization.
Goldman Sachs, Lehman Bros, JP Morgan, Bear Stearns, Citi, Merrill Lynch, Morgan Stanley and UBS have all made pit ...
Oct 20, 2007, 8:44 pm - Lottery News forum
Lottery fraudster spared prison
A Belfast woman who falsely claimed more than 40,000 (US$75,000) in benefits after she had won nearly 60,000 (US$110,000) playing the UK National Lottery has been spared jail.
In June 2000, Leanne Thompson, 29, from Bloomfield Parade, scooped 58,518, but failed to declare her change of circumstances to the benefits agencies.
The mother-of-three admitted making false statements to obtain benefits.
Belfast Crown Court Judge Her Honor Kennedy suspended a one year sentence for two year ...
Oct 10, 2007, 9:24 pm - Lottery News forum