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Three Connecticut Money Managers Claim $254M Powerball Jackpot (Video)


Last Edited: November 28, 2011, 6:08 pm

ROCKY HILL, Conn. — Members of a wealth management firm on Monday claimed a $254 million Powerball jackpot first announced on Nov. 2.

The 27-day mystery of who won ended when Greg Skidmore, Brandon Lacoff and Tim Davidson appeared at the Connecticut Lottery headquarters and revealed themselves as the trustees for a family trust created to handle the funds.

The Putnam Avenue Family Trust, named after the street address for Belpointe Asset Management, is taking the after-tax lump sum of $103.5 million in cash. It was not clear how many members are in the trust.

A lawyer for the trust said a "significant amount" will go to charity.

Davidson, a portfolio manager with Belpointe Asset Management, bought the $1 quick pick ticket at the Shippan Point Getty station in Stamford. The winning numbers were 12-14-34-39-46, Powerball 36.

Skidmore, who is president of Belpointe, said the jackpot "feels good."

The jackpot was the largest ever won in Connecticut and the 12th biggest in Powerball history.

Lacoff is managing director of the firm.

Source:  http://today.msnbc.msn.com/id/45465019/ns/us_news-wonderful_world/#.TtPYmrIr2so

Entry #169


Comment by Starr920 - November 28, 2011, 2:17 pm
Well the mystery is finally over and what a hoot! Just as I thought, the actual winners (members of a wealth management firm) were laughing their heads off, taking care of business, and getting their affairs in order while the media was reporting on a garbage man and some 21 year old kid who supposedly "lost" the winning ticket! You just can't make that kind of thing up, folks :))
Comment by Starr920 - November 28, 2011, 2:19 pm
Not expecting a lot of comments here since Todd will probably have this story up in the next hour or two:))
Comment by tbraddock - November 28, 2011, 4:18 pm
The rich just get richer
weshar75Comment by weshar75 - November 28, 2011, 7:37 pm
Too bad it was some one who really did not need it. But they won so congrats!-weshar75
Comment by Starr920 - November 28, 2011, 7:44 pm
At first I was thinking the same way, tbraddock, but then I thought about it - so what if the winners manage money for a living, it can be assumed from their professional that they have the resources to put this money to work in the best way possible. They can help lots of charities, they can fund new businesses that will provide much needed jobs for the unemployed, and still have plenty of money left over to indulge themselves and their loved ones. I say more power to them!

The lottery is a random beast. In this case, the winning ticket was a $1 quick pick - one lousy dollar. Meanwhile people all over the country were spending alot more than that trying to win millions. With the exception of Jack Whittaker (who spent $100 to win his powerball jackpot), it seems that most of people who actually win usually spend no more than $5.

And let's face it - if the winner had actually been the garbage man who claimed to have "lost" the winning ticket - everyone would be complaining about how anyone who could loss a $254 million lottery ticket doesn't deserve to win (which is true as far as I'm concerned).

So here's the bottom line - if it's for ya, it's for ya - if it's not, it's not:)) I think some people are just destined to be lottery winners. Ever hear winners say "I just had a feeling" or "I just knew I was gonna win." lol Well just like everyone else, I have always wanted to win a huge jackpot - never "had a feeling" or "just knew I was gonna win" but who knows - maybe some day it'll happen for me or for you!

Ya just neva know:))

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