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Powerball lottery 'winner' turns coy

Topic closed. 49 replies. Last post 11 years ago by CASH Only.

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fxdwg's avatar - animal bear.jpg

United States
Member #2870
November 25, 2003
76 Posts
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Posted: October 24, 2005, 4:37 pm - IP Logged

If you aren't willing to say anything, then why would you let the whole world know you have the winning ticket in the first place. If I were him I would have just kept quiet about having the winning ticket and not said anything until I had all my ducks in a row.

Time for me to ramble here a bit.

 I agree with above quote. I know in my minds eye that I will say nothing........... getting those proverbial ducks in a row is a  first and foremost priority.......... and I have plenty of idea's on that front.... I know it is impossible to keep your name from becoming public but I would want to fly as far below the radar as possible. To be honest  the very thought of winning that huge of an amount would scare me just a little oh yes of course it would be nice who in their right mind would not like that opportunity. But I just would not like to have what is left of my life under a microscope.

As for the rest it is noble to think that people will want to share but it is again their choice. I have little need for a huge amount so there is a big share that I would give to a few charities some I would share with those few friends that have chosen to stay close to me.

 I don't  play a lot of chances as a matter of fact I only play one dollars worth per draw. Playing more only increase the chances it does not change the odds. I play power ball more than MM as I really like the PP option and have always done better on power ball than MM. last drawing it landed  me a 50 dollar prize.

 I don't want a big house or fancy cars. I nice comfortable home in a warmer area and sure a newer car than the one I have now would be nice.

 Lastly Cash Only.......................... if this is a younger man maybe he would want an annuity rather that the cash option ..........his choice 

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    Sparta, NJ
    United States
    Member #18331
    July 9, 2005
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    Posted: October 24, 2005, 9:39 pm - IP Logged

     I have little need for a huge amount so there is a big share that I would give to a few charities some I would share with those few friends that have chosen to stay close to me.

    I'm not big on charities - or churches - but do have friends I would like to share some of the wealth with. However, there are strict laws limiting that action; they have been discussed many times on this site. As with all laws, they are written to punish the innocent equally with the criminal; in some cases the goal is to make criminals out of the innocent. The money laundering laws won't let you take care of your grand parents or your best friend for fifty years. You'll have to do like all crooks, and rich people, hire a lawyer smarter then the govenrment law writers, and work around the stupid things elected representatives are famous for. I've always felt, that most laws were ghost-written by intelligent lawyers, so they can make fortunes working around them.

    Cheers

    |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

    I only trust myself - and that's a questionable choice

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      Coastal Georgia
      United States
      Member #2653
      October 30, 2003
      1866 Posts
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      Posted: October 24, 2005, 9:52 pm - IP Logged

       I have little need for a huge amount so there is a big share that I would give to a few charities some I would share with those few friends that have chosen to stay close to me.

      I'm not big on charities - or churches - but do have friends I would like to share some of the wealth with. However, there are strict laws limiting that action; they have been discussed many times on this site. As with all laws, they are written to punish the innocent equally with the criminal; in some cases the goal is to make criminals out of the innocent. The money laundering laws won't let you take care of your grand parents or your best friend for fifty years. You'll have to do like all crooks, and rich people, hire a lawyer smarter then the govenrment law writers, and work around the stupid things elected representatives are famous for. I've always felt, that most laws were ghost-written by intelligent lawyers, so they can make fortunes working around them.

      That brings up a question I have had for a while--

      If one wins a large jackpot and wants to give money to family members, what is the limit that can be given without tax burden?

      If anyone knows, please advise......

      DD

        fxdwg's avatar - animal bear.jpg

        United States
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        November 25, 2003
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        Posted: October 24, 2005, 10:33 pm - IP Logged

        11,000.00 is the limit anything more than that will require a tax burden.

          that 11 thousand can be given to anyone. Now I don't know the tax penalty for any amount over the limit but I am sure it is heavy. Again this is where a lawyer comes in there are ways to give monies to friends and families and keep the tax burden lower.

         This is something at this time I have little worry of and doubt that  I ever will

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          New Member
          Texas
          United States
          Member #24610
          October 24, 2005
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          Posted: October 24, 2005, 10:44 pm - IP Logged

          Was wondering if the  $853,000 winners multiplied their winnings if they bought the multiplier.

            Stars's avatar - basket
            Englewood, NJ
            United States
            Member #1994
            August 5, 2003
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            Posted: October 24, 2005, 11:19 pm - IP Logged

            Was wondering if the  $853,000 winners multiplied their winnings if they bought the multiplier.

            Only the $200,000 would be multiplied...the bonus part would not have been multiplied.

            I could be wrong, but I think only 2 people had the Powerplay (out of 49)(those numbers are in my head, I could be way off...)

             

            Stars

              Stars's avatar - basket
              Englewood, NJ
              United States
              Member #1994
              August 5, 2003
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              Posted: October 24, 2005, 11:24 pm - IP Logged

              Was wondering if the  $853,000 winners multiplied their winnings if they bought the multiplier.

              Only the $200,000 would be multiplied...the bonus part would not have been multiplied.

              I could be wrong, but I think only 2 people had the Powerplay (out of 49)(those numbers are in my head, I could be way off...)

               

              Stars

              I was right above...

               

              see the following link...

               

              http://www.lotterypost.com/thread/121548

                NightTrain1234's avatar - 8ball
                a Powerball AND MegaMillions state!
                United States
                Member #24190
                October 20, 2005
                78 Posts
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                Posted: October 25, 2005, 12:09 am - IP Logged

                Steve, plz validate that ticket....

                Show the world the ticket ....inquiring minds need to know!

                The media hasn't even seen the ticket yet.  Very suspicious!  The real winner is probably talking to their financials advisors right now.   I can't wait for the news story in about week saying, 'The winning ticket was validated today, only its not by you think'!

                  sirbrad's avatar - Lottery-062.jpg
                  PA
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                  October 6, 2005
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                  Posted: October 25, 2005, 4:58 am - IP Logged

                  Did he win via all QPs? Or didn't he say yet? I am assuming since it was "their first time," and they got 40 tickets, they were probably quick picks. But maybe he threw a few of his own numbers in there.

                    sirbrad's avatar - Lottery-062.jpg
                    PA
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                    Posted: October 25, 2005, 5:03 am - IP Logged

                    Also, an 'unsigned ticket' in a safe deposit box? Has this been confirmed? I don't care how safe it actually is, I would never put an unsigned ticket in a safe deposit box. It would be signed, and become part of my own body very quickly. I wonder where this safe deposit box is? I will have to grab my lock picks. Bandit

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                      Sparta, NJ
                      United States
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                      July 9, 2005
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                      Posted: October 25, 2005, 10:28 am - IP Logged

                      Also, an 'unsigned ticket' in a safe deposit box? Has this been confirmed? I don't care how safe it actually is, I would never put an unsigned ticket in a safe deposit box. It would be signed, and become part of my own body very quickly. I wonder where this safe deposit box is? I will have to grab my lock picks. Bandit

                      With a hundred million plus at stake, I would sign my name in my blood; so the DNA would match! I've bled for a lot less.

                      Cheers

                      |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

                      I only trust myself - and that's a questionable choice

                        four4me's avatar - gate1
                        MD
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                        June 18, 2003
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                        Posted: October 25, 2005, 10:33 am - IP Logged

                        Also, an 'unsigned ticket' in a safe deposit box? Has this been confirmed? I don't care how safe it actually is, I would never put an unsigned ticket in a safe deposit box. It would be signed, and become part of my own body very quickly. I wonder where this safe deposit box is? I will have to grab my lock picks. Bandit

                        it's in his bank go ahead and try to get it. give us something even more exciting to read about. 

                          four4me's avatar - gate1
                          MD
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                          June 18, 2003
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                          Posted: October 25, 2005, 10:40 am - IP Logged

                          Also, an 'unsigned ticket' in a safe deposit box? Has this been confirmed? I don't care how safe it actually is, I would never put an unsigned ticket in a safe deposit box. It would be signed, and become part of my own body very quickly. I wonder where this safe deposit box is? I will have to grab my lock picks. Bandit

                          it's in his bank go ahead and try to get it. give us something even more exciting to read about. 

                          Sign it with whatever liquid you like but remember if your going to form a trust sign it in the trusts name. Cause once you sign it, that's they way it's going to be disbursed.

                          Then again I could be completely wrong what if a group won it. There's not a lot of room to put a bunch of names. However I do now after reading some facts pages on lottery websites that whomever signs it that's the assignee.

                           

                            Avatar
                            Sparta, NJ
                            United States
                            Member #18331
                            July 9, 2005
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                            Posted: October 25, 2005, 10:49 am - IP Logged

                            Also, an 'unsigned ticket' in a safe deposit box? Has this been confirmed? I don't care how safe it actually is, I would never put an unsigned ticket in a safe deposit box. It would be signed, and become part of my own body very quickly. I wonder where this safe deposit box is? I will have to grab my lock picks. Bandit

                            it's in his bank go ahead and try to get it. give us something even more exciting to read about. 

                            Sign it with whatever liquid you like but remember if your going to form a trust sign it in the trusts name. Cause once you sign it, that's they way it's going to be disbursed.

                            Then again I could be completely wrong what if a group won it. There's not a lot of room to put a bunch of names. However I do now after reading some facts pages on lottery websites that whomever signs it that's the assignee.

                             

                            If you are an Officer of the Trust, or LLC, your signature would be required anyway. The signature on the ticket has nothing to do with the tax paperwork. For example, regardless of the number of the people in a pool, one person has to sign the ticket. After that, you all start the IRS paperwork. The state would distribute the moneys in whatever way was required; it is the IRS you have to worry about. You can bet your bippy, the IRS will be there telling you their viewpoint - thus the lawyer thing.

                            Cheers

                            |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

                            I only trust myself - and that's a questionable choice


                              United States
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                              Posted: October 25, 2005, 1:41 pm - IP Logged

                              I hope Steve does validate his ticket in Oregon before it expired. I hope he doesn't flop and have problems like Whittaker did.