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Unemployed N.Y. Man Wins $14 Million Lottery

New York LotteryNew York Lottery: Unemployed N.Y. Man Wins $14 Million Lottery
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Incognito winner sports black marker mustache and shades

What do you do when you've been unemployed for months and your tax refund comes through on April Fools' Day? Michael Perez, 51, of St. Albans decided to take a chance and put $5 on the New York Lottery.

"I felt guilty spending the money, I needed it for other things," he said. He no longer feels guilty; the ticket netted him $14 million.

Perez was joined at the Queens Botanical Garden on Tuesday by representatives of the New York Lottery, who presented him with his check.

Other winners present were Yoon Kim, who stood in for his father, Chong Bang Kim, 52, of Elmhurst, who won $1 million; and Ruben Martinez of the Bronx, who spent $2 on a Win $2,000 A Week For Life instant ticket, and will receive a minimum of $2 million, paid to him after taxes. He'll receive $16, 771 per quarter.

Perez, a former warehouse supervisor for Southern Wine and Spirits in Syosset, L.I. was let go from his job following a miscommunication between himself and his boss.

Since then he had held a temporary job, but had been looking for work.

Sporting dark shades, a painted-on goatee, an NYPD cap pulled down over his eyes, a discreet braid, bright yellow pants, and a cream jacket, Perez explained that his first priority was to clear his debts. He owes about $11, 000, mostly on credit cards. "It doesn't seem like much now, but before it was overwhelming."

His plans for the future begin with a trip to Disney World in Orlando with his wife of 11 years, (Jetaun) Tracy. He's never been there before, but plans to stay long enough to go on every ride, meet everybody and feel ready to come back and decide how to spend the money.

Perez and Tracy, who works as a receptionist at the AIDS Center of Queens County, have been living in his mother's basement, and he has had to rely on financial help from his mother, his mother-in-law and his wife.

He intends to figure out what his family members need. His mother had put him on a budget of $40 a week, which was not enough for gas, before he won the lottery. "Her bank account is low now. I'm going to help out," he said.

Although it had been widely reported that he and Tracy would be buying their dream house and moving out of the basement, Perez said that he would be taking care of his mother and his mother-in-law, first. "One hand washes the other," he said. referring to all their help and support since he lost his job.

He and Tracy have no children, but he has a 30-year-old son by his childhood sweetheart who lives in Albany.

Perez has friends, family, a lawyer and a CPA helping him out with the money, but doesn't plan to make any important decision any time soon.

"Magic marker man" wins $14 million lottery jackpot.When asked to remove his sunglasses for a photo Perez said, "That's not going to happen."

The Queens Botanical Garden had provided a large slab cake for the ceremony and Perez was anxious for the interviews to end so that he could enjoy his slice. "Mmm cheese cake," he said, "my favorite."

Later he posed for pictures with his oversized check. At first he held it over all but his eyes, then he peeked around the side of it, laughing and joking with the media.

Suddenly he became bewildered. "Where's my wife?" he asked and when told she was waiting for him to leave, he instantly ended the interview.

Perez said he was still broke, referring to the Lottery's practice of holding the ceremony before handing over the money. "It will be in his account in two to three days," Carolyn Hapeman, of the New York Lottery assured him.

He had opted to take a lump sum, which means that after taxes he will receive $5,052,675.

Yoon Kim, the son of Elmhurst winner, Chong Bang Kim, described his father as an average guy and said that he had jumped for joy when he discovered he and his wife, Chang Hee, had won $1 million.

Kim owns a Korean restaurant but didn't name it. He purchased his ticket on a routine visit to the grocery store and will receive the money in payments of $50,000 per year, $32,251 after taxes, for 20 years.

Perez purchased his Quick Pick ticket on April 1 at the Prince Supermarket on Linden Boulevard in St. Albans.

Thanks to JackpotWanna for the tip.

Queens Chronicle

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27 comments. Last comment 9 years ago by mpat69.
Page 1 of 2
MillionsWanted's avatar - 24Qa6LT

Norway
Member #9517
December 10, 2004
1272 Posts
Offline
Posted: April 22, 2008, 11:51 am - IP Logged

Lucky for him! Cheers Hope he spend it wisely.

    lottocalgal's avatar - Lottery-043.jpg
    CA
    United States
    Member #57222
    December 23, 2007
    587 Posts
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    Posted: April 22, 2008, 11:59 am - IP Logged

    Just in time- I'd say.

      konane's avatar - wallace
      Atlanta, GA
      United States
      Member #1265
      March 13, 2003
      3333 Posts
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      Posted: April 22, 2008, 12:21 pm - IP Logged

      Congratulations to him and the other winners!  Party

      Good luck to everyone!

        NBey6's avatar - pyramid
        $$ Notaphilist $$

        United States
        Member #4290
        April 9, 2004
        16476 Posts
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        Posted: April 22, 2008, 12:31 pm - IP Logged

        Glad he listened to Thing 2 (Desire to win) instead of Thing 1 (Guilt)!

        Blue Angel

        Congratulations and many more blessings to follow!!

        I am a money magnet. 

        12062016

         Clover Thumbs Up 


         

          JackpotWanna's avatar - squiz

          United States
          Member #4121
          March 23, 2004
          817 Posts
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          Posted: April 22, 2008, 1:34 pm - IP Logged

          I love these types of stories.  Rags to riches.  WTG!!!

            ThatScaryChick's avatar - x1MqPuM
            Idaho
            United States
            Member #56506
            November 21, 2007
            6537 Posts
            Offline
            Posted: April 22, 2008, 2:32 pm - IP Logged

            Congrats to him! He was very lucky indeed! Cheers

            "No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."

              justxploring's avatar - villiarna
              Wandering Aimlessly
              United States
              Member #25360
              November 5, 2005
              4461 Posts
              Offline
              Posted: April 22, 2008, 3:37 pm - IP Logged

              "... the ticket netted him $14 million."

              "He had opted to take a lump sum, which means that after taxes he will receive $5,052,675."

              What?

                JackpotWanna's avatar - squiz

                United States
                Member #4121
                March 23, 2004
                817 Posts
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                Posted: April 22, 2008, 4:40 pm - IP Logged

                "... the ticket netted him $14 million."

                "He had opted to take a lump sum, which means that after taxes he will receive $5,052,675."

                What?

                I wouldn't mind that figure in my checking account.  Wow and with only a $5 investment!

                Enjoy your moola.

                $5,052,675

                  justxploring's avatar - villiarna
                  Wandering Aimlessly
                  United States
                  Member #25360
                  November 5, 2005
                  4461 Posts
                  Offline
                  Posted: April 22, 2008, 5:12 pm - IP Logged

                  I wouldn't mind that figure in my checking account.  Wow and with only a $5 investment!

                  Enjoy your moola.

                  $5,052,675

                  Hi, Jackpot Wanna.   I never said that $5M isn't a lot of money.  (actually, I didn't write anything)  However, I've always said I'd be happy with any win.  Please re-read the first sentence I quoted and then the second.  The key word here is "netted."

                    MillionsWanted's avatar - 24Qa6LT

                    Norway
                    Member #9517
                    December 10, 2004
                    1272 Posts
                    Offline
                    Posted: April 22, 2008, 5:27 pm - IP Logged

                    A 65% tax on lottery winnings? That sounds like way too much.

                    Or is it that the lump sum reduces the winning to half and he pay taxes on that: $2,000,000?

                      justxploring's avatar - villiarna
                      Wandering Aimlessly
                      United States
                      Member #25360
                      November 5, 2005
                      4461 Posts
                      Offline
                      Posted: April 22, 2008, 5:42 pm - IP Logged

                      A 65% tax on lottery winnings? That sounds like way too much.

                      Or is it that the lump sum reduces the winning to half and he pay taxes on that: $2,000,000?

                      I believe this was mentioned in the news article.

                      "He had opted to take a lump sum, which means that after taxes he will receive $5,052,675."

                        GamerMom's avatar - tails

                        United States
                        Member #60535
                        April 21, 2008
                        460 Posts
                        Offline
                        Posted: April 22, 2008, 6:42 pm - IP Logged

                        I absolutely love to hear stories like this.  I'm so glad someone that deserved and needed it it so much won.

                          psykomo's avatar - animal shark.jpg

                          United States
                          Member #4877
                          May 30, 2004
                          5124 Posts
                          Offline
                          Posted: April 22, 2008, 7:03 pm - IP Logged

                          I believe this was mentioned in the news article.

                          "He had opted to take a lump sum, which means that after taxes he will receive $5,052,675."

                          SOS what is the PROBLEM ???????????????

                          when HILL or O'BABA get's to be PRESIDENT>>>we will HAVE change

                          in ALL our POCKET'$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$I

                          IF I have any spare CHANGE???then I will play the LOTTERY!

                          LITTLE PEOPLE can live-off GOODWILL & foodbank's and they kan

                          say>>>>>>>>screw taxes>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

                          I'm>>>>>GONNA WIN de LOTTERY and BE

                          free>>>>>free>>>>>>@@@@ LAST>>FREE!

                          give too "GOODWILL" and

                          dee "SALVATION ARMY" 2

                          LOL

                          PSYKOMO


                            United States
                            Member #59167
                            March 8, 2008
                            174 Posts
                            Offline
                            Posted: April 22, 2008, 7:07 pm - IP Logged

                            A 65% tax on lottery winnings? That sounds like way too much.

                            Or is it that the lump sum reduces the winning to half and he pay taxes on that: $2,000,000?

                            Remember, he is a resident of NY State.  Their scartch-off tags are always annuity.  So, unless you are amongst the rarist people in the universe, you loose 50% by choosing cash (liump sum). Blink, and the $14M became $7M.  Then come the tax people.  There is 6.85% for the state, gone with the second blink.  Then the feds, who will grab around 38-42% with another blink.  When you look at the shiny lure, you blink, and every time you blink, your win drops.  If he is lucky, the city, county, or other muncipality won't get more.

                            This is why a lot of lottery winners go broke.  They lose track of what they really win.  All those rich people, the Liberals love to tax, and tax, and tax, becomes a lottery winner biggest nightmare.  Go out and buy that luxury house, pay a huge tax. Go out and buy a couple of those luxury cars, pay a huge tax. Give your family members a couple hundred thousand, money gone forever.  Even if you donate a tone of money, that specific ton of money is also gone forever.  Next thing you know, that $5M is colleteral for a loan. 

                            Based on his credit card debt, he has zero idea of how to manage his money.  Hopefully, he will find a certified financial adviser - and L-I-S-T-E-N to that person.  If not, he'll soon be on the internet as a man who lost $14M; when he NEVER had $14M to start with!