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Jan 11, 2008, 10:03 am (21 comments)
A lucky couple expecting to cash in their winning Michigan Lottery ticket became a bit peeved when a store clerk turned down their request.
Bad Axe gas station and convenience store owner Eli Kabban said the man and woman showed up Wednesday morning with what they thought was a $150 winning ticket they'd bought Friday.
They complained when the clerk told them they would have to collect their winnings in Lansing, the state capital, 150 miles away.
Kabban said he took the couple into his office and explained the ticket was actually worth $250,000. He says they were "in shock" at the news.
The couple asked that their names not be released, but Kabban told radio station WLEW-FM that they are getting financial advice on how to handle their windfall.
AP
Wtg Store clerk for being honest to the couple,
n a BIG WTG 2 the couple!!!!
how old are the couple
congrats to the couple. it was nice of him to announce it to them in his office in private.
Well with a name like Bad Axe I am sure that they get some interesting customers...
That must have been a wonderful feeling to think you only won $150, only to find out that you actually won $250,000. Congratz to them!
I agree the store clerk was honest; however, the clerk couldn't have kept the ticket had she/he wanted to because the couple was entitled to a receipt showing their winnings and the machine couldn't issue one for that amount of money no matter what!! However, stranger things have happened. The clerk could have just given them $150 hoping the couple wouldn't ask for a receipt!! Honesty does pay in the longrun!
I am happy for them, but also amazed when I read stories like this one. The lottery isn't rocket science or brain surgery. How would you not know what you won? Anyway, maybe in this case the couple needed "financial counseling" but after taxes, they'll have less than $170,000 so I don't see why professional help would be required.
http://tinyurl.com/25nllr
It may not be multi-millions, but $170,000 is still a lot of money (and undoubtedly more than they've ever seen in their lives), and still needs to be handled carefully.
Bad Axe, isn't that the name of a band or something?
How do you mistake $250,000 for $150? Further proof that only stupid people win.
wow
I hope you are right. A friend told me I am stupid for playing the lottery.
I won't argue about it. We both have a right to our personal viewpoints about what is or is not a lot of money. I don't think that's a lot of money, although I'd be happy to win it. Except for contacting an accountant regarding additional taxes that might be due, I don't see why anyone would need a financial professional who is just going to convince them to invest it so he/she can make a commission.
undoubtedly more than they've ever seen in their lives
Why? The age of this couple wasn't mentioned. Many people have more than that in a 401K so that might not be a valid statement. Right now CD rates are down (and expected to drop even further) but there is no reason they can't just go to a bank and deposit the money and make 5%. If they are as broke as you indicate, they won't want to buy stocks or gold, because they'll need the interest to pay bills. All money should be handled carefully, even $10 bucks. You just don't always need someone to tell you what to do with it.