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Oh My God! Jack Whittaker is broke!

Published:

Jack Whittaker, winner of $314.9 MILLION DOLLARS, says he's BROKE. I saw the story on NBC News this morning. He blames his misfortune on a civil lawsuit filed by someone. His MISFORTUNE started long before this lawsuit. Anybody who visits this website knows his history. UNBELIEVEABLE!!!!! 

Entry #1

Comments

1.
Rick GComment by Rick G - January 12, 2007, 9:55 am
This is indeed phenomenal. This guy has become the poster child for lottery winners of what NOT to do when you win.
2.
cps10Comment by cps10 - January 12, 2007, 10:10 am
He really has...they need to write a book about him and distribute to all winners from now on! LOL
3.
weshar75Comment by weshar75 - January 12, 2007, 11:47 am
I think it is sad because he had such great wealth and now nobody wants to be around him because of the choices he made in his life. Too bad. I am thinking he wants a do over!-weshar75
4.
Jani NormanComment by Jani Norman - January 12, 2007, 12:21 pm
Powerball winner: Thieves cleaned me out 43 minutes ago



A man beset by problems since winning a record lottery jackpot says he can't pay a settlement to a casino worker because thieves cleaned out his bank accounts.

Powerball winner Jack Whittaker gave that explanation in a note last fall to a lawyer for Kitti French, who accused him of assaulting her at the Tri-State Racetrack and Gaming Center, a slots-only casino near Charleston, according to a motion French's lawyer filed this week demanding payment of the confidential settlement.

Whittaker won a nearly $315 million on Christmas 2002, then the largest undivided lottery prize in U.S. history. He took his winnings in a lump sum of $113 million after taxes.

Since then, he has faced his granddaughter's death by drug overdose; he has been sued for bouncing checks at Atlantic City, N.J., casinos; he has been ordered to undergo rehab after being arrested on drunken driving charges; his vehicles and business have been burglarized; and he has been sued by the father of an 18-year-old boy, a friend of his granddaughter's, who was found dead in Whittaker's house.

In the latest lawsuit, Whittaker told French's lawyer, John Barrett, that "a team of crooks" cashed checks in September at 12 City National Bank branches and "got all my money," according to the motion Barrett filed Wednesday in state court.

"I intend to pay but can't without any money," Whittaker wrote, according to the motion.

An official with City National Bank said Friday the bank is investigating "small discrepancies" in Whittaker's accounts.

Calls to Whittaker and his lawyers Friday were not immediately returned.




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5.
justxploringComment by justxploring - January 12, 2007, 6:01 pm
No matter how horrible things got in my life, I cannot possibly imagine losing over $100 million dollars.
6.
LOTTOMIKEComment by LOTTOMIKE - January 12, 2007, 10:52 pm
there is no way he is COMPLETELY broke.
7.
justxploringComment by justxploring - January 13, 2007, 10:29 am
Yes, Mike. That's what I was going to write at first. Years ago I knew a very wealthy person who claimed bankruptcy, but he still kept his large home and had lots of offshore property. It's possible he has money tied up in investments. Wasn't he a wealthy developer before he won PB? We often read about Hollywood celebrities who are "broke" or famous people like Trump who are bankrupt. One reason the federal laws changed recently is because too many people knew how to play that game too well. If he did lose everything he owned and all of his money, it's very tragic. I use the word tragic, because he seemed to be doing okay before he won all that money, except that he obviously always had a drinking problem.
8.
Comment by sheba88 - July 5, 2008, 3:51 pm
What a sad, sad story.

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