Columbus, Ohio United States
Member #128,900
June 5, 2012
599 Posts
Offline
Quote: Originally posted by Drenick1 on Jan 28, 2015
Cynthia Stafford won a $112 million lottery back in 2007 and the cash value was $67 million. After all Federal taxes were factored, the net payout after it was split with her brother and father was less than $15 million.
Her brother and father most likely still have most of their funds but I highly doubt Cynthia has much left.
Yeah, I also agree. Cynthia was spending like crazy and I don't see how can compete with major movie studios. If she truly split her money with family she doesn't have that much to live on living in California and trying to maintain a flashy lifestyle.
USA United States
Member #152,792
February 25, 2014
1,111 Posts
Offline
Quote: Originally posted by lejardin on Jan 28, 2015
Thank you for the information. I recall it was the HOA at issue. With all that money he had monthly payments? Omg $400,000?
David Edwards paid cash for his house when he initially purchased it back in 2001. He later took a mortgage out through Bank of America for $400k when he started running out of money. The HOA dues are a monthly recurring fee set by the association and is not part of the home price or mortgage.
The note holder/BOA only wanted their investment back which is why the home was auctioned off at $400k
United States
Member #118,604
November 4, 2011
1,443 Posts
Offline
Quote: Originally posted by Drenick1 on Jan 28, 2015
David Edwards paid cash for his house when he initially purchased it back in 2001. He later took a mortgage out through Bank of America for $400k when he started running out of money. The HOA dues are a monthly recurring fee set by the association and is not part of the home price or mortgage.
The note holder/BOA only wanted their investment back which is why the home was auctioned off at $400k
Bank of America wouldnt be entitled to anything other than what was loaned and besides they are the worst.
Buying a home with association fees would be the last thing I would do. Having someone tell me what I can and cannot do would not go over well. As for security, with the kind of money he won, he could have private security with his own gated entry.
United States
Member #142,493
May 13, 2013
1,394 Posts
Offline
Quote: Originally posted by lejardin on Jan 28, 2015
That was David Lee Edwards from Kentucky and truly a sad story. David married his girlfriend and they both had a very bad drug problem, you can only guess the outcome from there. Lots of drugs for his friends, some of which overdosed and died.
To me his story was the most tragic. He did hire a financial advisor who said after David's death, had he followed his advice and invested the $27 million he could have lived off the interest alone of $83,000 a MONTH. Who in their right mind could not live off that kind of money? I would not have put all my eggs in one basket but would surely "suffer through living off" a monthly income close to that lol.
He moved to Florida and bought a mansion, filled it with all that armour stuff, had multiple, very expensive cars and neighbors complained it looked like a car lot. Never paid his HOA fees and things escalated from there and he lost the home.
He health declined over the years and ended up back in Kentucky where he passed away penniless. True, he left his daughter nothing. Cannot imagine he didnt set her up financially at the onset. Just a very sad story for all involved.
I will maintain that 95% of David's problems were caused by his wife. In the beginning, he really did everything he was supposed to do. Moved away from fair weather friends, got into a gated community, put his daughter in private school and got a good financial advisor. And when his wife started using drugs again, he kicked her to the curb after numerous stints in rehab (he paid for) failed. Being an ex addict himself, he didn't want to be lured into it again.
But she begged him to take her back, and as always happens, she got him using again. Fast forward a couple years, he's hooked, involved with shady investors who promise big returns on his quickly diminishing funds, he loses his house, what little money he has left, his cars and is living out of a storage unit. Even worse, he contracted hepatitis from dirty reused needles. His ex wife helped to take care of him in his last days.
Meanwhile the wife who spun him down that hole went and found herself a new mark...err...sugardaddy...err...husband. never bothered to help David when he was dying. His taking her back triggered a domino effect which led to his death. The least she could have done was be there.
United States
Member #118,604
November 4, 2011
1,443 Posts
Offline
Quote: Originally posted by Teddi on Jan 28, 2015
I will maintain that 95% of David's problems were caused by his wife. In the beginning, he really did everything he was supposed to do. Moved away from fair weather friends, got into a gated community, put his daughter in private school and got a good financial advisor. And when his wife started using drugs again, he kicked her to the curb after numerous stints in rehab (he paid for) failed. Being an ex addict himself, he didn't want to be lured into it again.
But she begged him to take her back, and as always happens, she got him using again. Fast forward a couple years, he's hooked, involved with shady investors who promise big returns on his quickly diminishing funds, he loses his house, what little money he has left, his cars and is living out of a storage unit. Even worse, he contracted hepatitis from dirty reused needles. His ex wife helped to take care of him in his last days.
Meanwhile the wife who spun him down that hole went and found herself a new mark...err...sugardaddy...err...husband. never bothered to help David when he was dying. His taking her back triggered a domino effect which led to his death. The least she could have done was be there.
You know Teddi, I have been thinking about what you posted and have to agree with you. David started off well, and the act of hiring a financial advisor showed good intent. I recall him saying he was not going to be one of the winners that lost it all. Once the drugs entered the picture again it was all downhill, the wife had several unsuccessful stints in rehab and trouble with police.
United States
Member #142,493
May 13, 2013
1,394 Posts
Offline
Quote: Originally posted by lejardin on Jan 29, 2015
You know Teddi, I have been thinking about what you posted and have to agree with you. David started off well, and the act of hiring a financial advisor showed good intent. I recall him saying he was not going to be one of the winners that lost it all. Once the drugs entered the picture again it was all downhill, the wife had several unsuccessful stints in rehab and trouble with police.
I think if he had stayed tough and kept her out of his life, he'd still be alive. Taking her back the last time was one time too many. There's only so much temptation an ex-addict can withstand.
I too would prefer Cersei Lannister to Tiny Hands. She always pays her debts, hasn't filed 6 bankruptcies and is educated enough to know Nambia isn't a country.
United States
Member #142,493
May 13, 2013
1,394 Posts
Offline
Quote: Originally posted by lejardin on Jan 24, 2015
He was on the news recently? I havent found anything with recent news on past lottery winners. I did find one that said Cynthia did marry the fitness instructor however.
As for the win being a curse, how about it being a curse because of their own bad choices? I am not surprised loans were not paid back, it has been said before, they feel the winner has so much money, they wont miss it and dont need it, therefore dont feel obligated to repay, but filing bk to avoid repayment is just low.....and this is family and friends?
Enjoyed watching The Lottery Changed My Life but afterwards I went to the movies to see American Sniper. The theatre was packed, it was a brutal movie but so well done by Clint Eastwood as usual. Chris Kyle is a true hero, and the movie was exceptional. Hope my post doesnt get removed for off topic?
I'm rescinding what I said about Cynthia falling off the radar. Found a 20 minute video on YouTube where she gave a talk at Up Church and did some Q & A. I'm thinking that it's recent because she mentions her husband and that the kids are 18 & 19. Sadly she makes no mention of her business or her charity which I wanted to hear about.
United States
Member #118,604
November 4, 2011
1,443 Posts
Offline
Quote: Originally posted by Teddi on Feb 1, 2015
I'm rescinding what I said about Cynthia falling off the radar. Found a 20 minute video on YouTube where she gave a talk at Up Church and did some Q & A. I'm thinking that it's recent because she mentions her husband and that the kids are 18 & 19. Sadly she makes no mention of her business or her charity which I wanted to hear about.
I came across something with pictures of them attending some Hollyweird function and it mentioned her and her "husband" by names. Sorry to hear she married him. She deserves happiness but I dont think I am the only one that saw how superficial and insincere he appeared, he had $$$ signs in his eyes. Wonder if there is a charity and business left after her marriage?
The kids 18 & 19, time flies, I hope they are doing well, they sure had some rough years. Cynthia was a good person to get them together and provide a stable family life for them.
EUPHORIA. United States
Member #141,028
April 2, 2013
1,536 Posts
Offline
Quote: Originally posted by lejardin on Feb 1, 2015
I came across something with pictures of them attending some Hollyweird function and it mentioned her and her "husband" by names. Sorry to hear she married him. She deserves happiness but I dont think I am the only one that saw how superficial and insincere he appeared, he had $$$ signs in his eyes. Wonder if there is a charity and business left after her marriage?
The kids 18 & 19, time flies, I hope they are doing well, they sure had some rough years. Cynthia was a good person to get them together and provide a stable family life for them.
Wonderful woman, larger than life, very real and positive and still in the money.
Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1
Having Money Solves Problems That Not Having Money Creates ****John Carlton****
United States
Member #142,493
May 13, 2013
1,394 Posts
Offline
I would not have gone public the way she did but I do like her and wish her the best. It would sadden me to find out she lost it all. But as I've said before, it's been over 7 years, if she really was spending as much as she tried to portray, she'd have been broke already. She seems like a nice lady who seems to crave the spotlight a little too much, but the truth is I'm glad that she is milking her 15 minutes for all it's worth, because I enjoy hearing about her and her life.
United States
Member #118,604
November 4, 2011
1,443 Posts
Offline
Quote: Originally posted by mikemmk1990 on Feb 2, 2015
Where can I find full episodes of this? Any torrents out there.
Some episodes are on youtube. For me, I keep track of TLC's "The Lottery Changed My Life" because they periodically run the reruns, three or four at a time and almost always on Saturday mornings. Cynthia's updated or the second profile was shown.
NYC United States
Member #161,108
November 17, 2014
138 Posts
Offline
I've always wondered what happened to Cynthia Stafford. She seemed kind and smart. Hopefully she has not spent all of her money and is in debt or bankrupt.
United States
Member #118,604
November 4, 2011
1,443 Posts
Offline
Quote: Originally posted by SoleWinner21 on Feb 3, 2015
I've always wondered what happened to Cynthia Stafford. She seemed kind and smart. Hopefully she has not spent all of her money and is in debt or bankrupt.
I hope she still has her money too. It has been debated here because some of us think that her "husband" was helping her spend her money, first being a Bugatti as a wedding present! Now that I think about it, Cynthia must be one of the most popular as one of two of her profiles is always on the shows.
My favorite profile was the Morrisons from New York, they were in a financial mess, lost their homeless shelter run business and the county after them for fraudulent over payment. They won the lottery and people said they had the money why not pay off the charges? Mr. Morrison said no way, as they did nothing wrong. He fought it and was cleared of any wrongdoing, which they probably could not have afforded to do unless they won. It wasnt the money, it was the accusation and they are my heroes. They got a beautiful $3.9 million dollar mansion with the win too. A real rags to riches story.