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$75M Texas Lotto jackpot claimed by business partnership

Topic closed. 31 replies. Last post 10 years ago by nc6string.

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justxploring's avatar - villiarna
Wandering Aimlessly
United States
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November 5, 2005
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Posted: April 29, 2007, 2:09 pm - IP Logged

 Pumpi,

First of all, I agree with the other comments that the LLC was probably created AFTER winning the lottery. It's jsut a guess, but I've seen this before.  There are many ways of investing your money wisely and forming a Trust and/or LLC are 2 of them.

Deep inside for 1 year now i was praying deep inside of me for this to never happen

Second, what difference does it make who wins the lottery, as long as it is fair & random?  What you are saying is that only poor people can play.  The lottery has a bad image of seducing desperate people to use their grocery money to buy tickets.  When someone with a good job and a lot of common sense wins, it just goes to show all the naysayers that the common stereotype doesn't always apply.  By praying that someone doesn't win rather than focusing on what happens to you is actually hurting your chances, in my humble opinion, if you believe in the power and energy of positive thinking.  Maybe a wealthy person will donate all or a large portion of the money to charity. For example, many times a celebrity will win a lawsuit and ask for nothing except a donation to the poor.

It just proves that they are corrupted i don't care who says what...

In Florida I've read about a successful doctor, a financial planner and established business owners winning millions.  Of course it's always nice to read about a single mother of 8 who lives in a singlewide.  But just because someone with a nice home or a good business wins the lottery, doesn't prove anything except that anyone has a shot at it if he or she buys a ticket.  The only advantage a person of means might have is that he is able to purchase many tickets and cut his odds, although it doesn't mean he necessaily will buy more than a person in a low income bracket.  It only takes one lucky ticket to win.

    justxploring's avatar - villiarna
    Wandering Aimlessly
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    Posted: April 29, 2007, 2:21 pm - IP Logged

     Why anyone would even give their name if you provide the name of the company (being the legal entitiy to win the prize) is beyond me.

    Jarrettac,

    I can't say what the rules are in TX but in FL it doesn't matter how you claim the money - your name still has to appear on the press release and is available as a public record.  Just because someone forms a corporation for privacy and/or tax purposes, doesn't mean he can duck under the radar if the state rules say otherwise.  I had a business with a fictitious name, but anyone could still find out I was the proprietor. 

      MissNYC's avatar - diva
      Westchester, New York
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      Posted: April 29, 2007, 10:57 pm - IP Logged

      I agree that there is certainly a market for this kind of television. I know that on the rare occasions that TLC runs their lottery documentary, that I'm sure many of us have watched, I'm glued to the TV, have it Tivo'd, and usually watch it two or three times.

       I am 23, and have been playing since I was 21. It is true, so many people playing are in their 30's, 40's 50's and up. I'm definitely in the minority. Some of my friends play that are my age, but they are usually the kind to buy a $5 QP when the jackpot gets up there. I'm more realistic, prefer the 5/39 games, and always pick my own numbers.

      Speaking of young people winning, check out this story. I'm usually a wealth of knowledge regarding some of the bigger winners, but here's a story I don't know anything about.  http://en.wikipedia.org/wiki/Ilya_Gamer

       Or, if you are thinking abroad, Try this one: http://en.wikipedia.org/wiki/Lotto_Lout. I think a TV show was planned for this guy, though I'm not sure if it will air in the U.S. This is an example of poor money management.

      In regards to the 1st link, I think I remember this (I'm also from NY), but I remember there being a citizenship thing. Personally, and I have nothing against immigrants, both my grandparents are from Italy, but I think people would be more apt to watch if the winner was an "all American" girl/guy next door type because part of the intrigue would be "that could be me." I also know I've heard of the guy in the 2nd link cause a clip about him was featured on E!'s true Hollywood story about lottery winners. He was definitely over the top, but like you said, it would be a European show. I think it would definitely be successful, especially if it was a very large jackpot, but I guess time will tell if it ever happens. I also agree though that I was glued to that special on E, it's actually when I thought of the idea since it's never been done. I just think there is something so interesting about people who win the lottery that leave others wondering, do they get used to it, what's it like to start spending, what do they spend on, are they always excited, etc. Of course I hope to personally answer those questions myself someday, although I do not think I'd consider being on tv, but hey, you never know!

      "If you just keep believing, that dream that you wish will come true"

      Bed

       

        RJOh's avatar - chipmunk
        mid-Ohio
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        Posted: April 29, 2007, 11:51 pm - IP Logged

        If any one was really interested in producing a show about someone winning a lot of money they would do what Publisher Clearing House does, have their own drawing and give out a big prize and film it.  Why would any one spend their money to buy a winning lottery ticket and allow some one else to make money by putting all their personal business on TV for the world to see?

         * you don't need to buy more tickets, just buy a winning ticket * 
           
                     Evil Looking       

          savagegoose's avatar - ProfilePho
          adelaide sa
          Australia
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          April 11, 2006
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          Posted: April 30, 2007, 1:44 am - IP Logged

          Let me get this straight how does he keep his privacy when he name is revealed? Looks like much to do about nothing.

          John Stanford Jr., president of Tremarcor LLC, purchased the single winning ticket

          im guessing the john guy is a patsie. he was hired to do 1 job and thatsa claim the prize and deposit the cash into the paertnerships bank account.

           

          he gets a nice wad of cash for a few hours work, and prob a honest trsutworthy type.

          he may not even know who in the partnership got the cash he may have been hired by the partnerships lawyers.

          2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

          keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

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            Honduras
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            Posted: April 30, 2007, 2:20 am - IP Logged

            Juxploring said:

            "In Florida I've read about a successful doctor, a financial planner and established business owners winning millions."

            There are 2 kinds of people i don't expect to win millions of dollars in the lottery, specially pick6, Powerball & MM WITH QUICK PICKS...They are: The president of the United states", the other are the president/CEO of a large corporation...A small bussiness owner yes, A big bussiness owner? maybe yes too...Large corporation CEO/President (which is a little bit different) NO...I am picturing someone with a suit...But theoretically the CEO of a large corporation can (not could) win the lottery but it will not be quick pick...Can a Surgeon win millions in the lottery? Yes, but not quick pick...

             

             

            "The Truth is Out There"                        from movie "The X-Files"


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              Posted: April 30, 2007, 1:28 pm - IP Logged

              That's a great story. I hope this business partnership doesn't have financial problems later in life.

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                Coastal Georgia
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                Posted: April 30, 2007, 1:45 pm - IP Logged

                Juxploring said:

                "In Florida I've read about a successful doctor, a financial planner and established business owners winning millions."

                There are 2 kinds of people i don't expect to win millions of dollars in the lottery, specially pick6, Powerball & MM WITH QUICK PICKS...They are: The president of the United states", the other are the president/CEO of a large corporation...A small bussiness owner yes, A big bussiness owner? maybe yes too...Large corporation CEO/President (which is a little bit different) NO...I am picturing someone with a suit...But theoretically the CEO of a large corporation can (not could) win the lottery but it will not be quick pick...Can a Surgeon win millions in the lottery? Yes, but not quick pick...

                 

                 

                "The Truth is Out There"                        from movie "The X-Files"

                 I had typed out a response... Then I read it and decided to delete it in favor of  a 5 star salute :

                 

                  ThudThudThudThudThud

                 

                                               

                              

                 

                 

                  justxploring's avatar - villiarna
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                  Posted: April 30, 2007, 1:48 pm - IP Logged

                  I am picturing someone with a suit...

                   

                  Pumpi, what's wrong with wearing a suit? 

                  As far as a surgeon winning, why wouldn't he win with a quick pick?  Are you concerned that he'll doctor it up? Wink Maybe he'll give you a cut.  LOL  I went out with a surgeon and he was so funny.  He kept me in stitches.  Smiley   

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                    Honduras
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                    Posted: April 30, 2007, 6:18 pm - IP Logged

                    Yeah a doctor could win it with a quick pick but it will be very hard...But a doctor could win it with a quick pick though, not saying they could not...

                     

                     

                    ´"The truth is out there..."            from movie "the X Files"

                      justxploring's avatar - villiarna
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                      Posted: April 30, 2007, 6:25 pm - IP Logged

                      Why would it be any harder for a doctor to win with a quick pick than anyone else???  Quick picks are RANDOM.  Are you assuming the odds are greater because there are not as many doctors playing the lottery as blue collar workers?  Every individual has an equal chance of winning, no matter what his profession is or how much he makes for a living.  Do men have a greater chance of winning then women?  Do White people have a greater chance of winning than Black people?  If you are saying that most people with money don't buy lottery tickets and that's why you think the odds of a surgeon winning a jackpot are great, I understand what you mean, but when the numbers are drawn, the balls don't ask "what do you do for a living" or "what is your annual income?" 

                      What?

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                        Coastal Georgia
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                        Posted: April 30, 2007, 6:27 pm - IP Logged

                        Why would it be any harder for a doctor to win with a quick pick than anyone else???  Quick picks are RANDOM.  Are you assuming the odds are greater because there are not as many doctors playing the lottery as blue collar workers?  Every individual has an equal chance of winning, no matter what his profession is or how much he makes for a living.  Do men have a greater chance of winning then women?  Do White people have a greater chance of winning than Black people?  If you are saying that most people with money don't buy lottery tickets and that's why you think the odds of a surgeon winning a jackpot are great, I understand what you mean, but when the numbers are drawn, the balls don't ask "what do you do for a living" or "what is your annual income?" 

                        What?

                         Pumpi, please explain...

                         

                        Well....... we're waiting.....................................What?

                         

                                                       

                                      

                         

                         

                          MissNYC's avatar - diva
                          Westchester, New York
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                          Posted: April 30, 2007, 10:16 pm - IP Logged

                          If any one was really interested in producing a show about someone winning a lot of money they would do what Publisher Clearing House does, have their own drawing and give out a big prize and film it.  Why would any one spend their money to buy a winning lottery ticket and allow some one else to make money by putting all their personal business on TV for the world to see?

                          I'm not sure where you're from, but you can't imagine how many people I know that went out to CA to try to become famous, not even to be a successful actress or model, but to be famous. Unfortunately, I'm in the same generation as Paris, Britney, and the like, and although I am ashamed of the type, a lot of young men and women would LOVE to be on TV and be recognized and I think if one just happened to hit a 200 million dollar jackpot, they would jump at the chance to be on a show. I see it from a marketing perspective since that is my field and I know it would be a money maker, but believe me when I say the star/s of that would be show definately exist, they just haven't won yet.

                          "If you just keep believing, that dream that you wish will come true"

                          Bed

                           

                            Avatar
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                            Posted: May 2, 2007, 1:42 am - IP Logged

                            Let me get this straight how does he keep his privacy when he name is revealed? Looks like much to do about nothing.

                            John Stanford Jr., president of Tremarcor LLC, purchased the single winning ticket

                            Part is about privacy and part is about preserving as much capital as possible. 

                            Let's say he's single.  By claiming it for his "company" instead of as a person, legally he doesn't have any assets if/when he gets married.  Or if he's divorced, would be much harder for ex-wife to claim more alimony.  Also helps if you get sued -- for whatever reason.  The millions don't belong to him -- they belong to his "company". Wink 

                            Also he seems to have formed a company inside another company.  Transfer stuff back and forth easily to hide assets and further confuse things if someone is trying to find out about you.  AND corporations can claim lots of business expense write-offs.  To the IRS: "Yeah, our annual board meeting was in Hawaii this year.  Again."  Deduct a lot of "business" expenses on your taxes keep more money.  As "president" of the company you pay yourself whatever you want and leave the rest in the bank, collecting interest.

                            As for privacy, maybe he couldn't be totally private, but he tried.  You may know his name but you don't know his phone number or where he lives.  Also, are you sure you really know his name?  When you give your name you don't have to use your FULL legal name.  It's totally OK to use your middle name -- I know lots of people who do.  He might really be Kevin J. Stanford  -- with middle name John -- and he might not even go by the "Jr." in real life.  So he gives the lottery the perfectly acceptable name "John Stanford, Jr" and none of his friends even know who that is.  "Hey Kevin, looks like one of your cousins won the lottery!  Some guy also named Stanford.  Do you know a John Stanford, Jr?"  And Kevin smiles and says "No.  No, I don't."

                              justxploring's avatar - villiarna
                              Wandering Aimlessly
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                              Posted: May 2, 2007, 3:48 am - IP Logged

                              Not a bad idea.  All my life I've only known my sister by one name, but her birth certificate doesn't match it because my parents gave her a name she hated.  She's older, so by the time I was talking, she was already using her middle name.  So she could easily use her legal name and nobody reading about it would ever have a clue!