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Now broke, teen lottery winner blew through $3M

Topic closed. 37 replies. Last post 7 years ago by savagegoose.

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dopey7719's avatar - Lottery-049.jpg
Midlands, SC
United States
Member #69698
January 14, 2009
303 Posts
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Posted: September 4, 2009, 7:58 pm - IP Logged

Must have been low quality (or waaaay overpriced) to spend $400G on any "habit" and still live. Thud

LOL...I'm ashamed to say that this also crossed my mind....

    Avatar

    United States
    Member #67052
    November 15, 2008
    80 Posts
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    Posted: September 5, 2009, 1:09 pm - IP Logged

    I sympathize with her, at 16 that is a lot of money for a child to handle.  If her parents were able to control it by setting up a trust fund that allowed her money in increments until she reached 18 or 21 would have been great.  The parents may  not have that authority or were not responsible parents.

      Bondi Junction
      Australia
      Member #57242
      December 24, 2007
      1102 Posts
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      Posted: September 7, 2009, 6:27 am - IP Logged

      Here  is a story about Michael Carroll who won £9.7 Million (tax free) in 2002 and he was broke four years later in 2006.

       

      http://www.youtube.com/watch?v=nN4WCAxCwPM&

      This is interesting, he was threatened by gangsters, who claimed they were from the IRA, and demanded money.

      We all get a lot out of lotteries!

        DC81's avatar - batman39
        MI
        United States
        Member #54830
        August 31, 2007
        985 Posts
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        Posted: September 7, 2009, 10:38 am - IP Logged

        Must have been low quality (or waaaay overpriced) to spend $400G on any "habit" and still live. Thud

        Yeah, she certainly blew a lot on blow.

        You can't predict random.

          NightTrain1234's avatar - 8ball
          a Powerball AND MegaMillions state!
          United States
          Member #24190
          October 20, 2005
          78 Posts
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          Posted: September 9, 2009, 12:12 am - IP Logged

          She is old enough to have kids and old enough to have millions of dollars.   Plus, she is clearly an adult now.   Criticism of her is fair game.   From the article, she would likely agree with everything said about her here.

            buttercake's avatar - Lottery-029.jpg

            United Kingdom
            Member #70550
            February 5, 2009
            120 Posts
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            Posted: September 10, 2009, 9:58 am - IP Logged

            She had bad people around her that were unable to lead her down the right path

              Halle99's avatar - Lottery-043.jpg
              United States
              United States
              Member #68252
              December 16, 2008
              168 Posts
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              Posted: September 11, 2009, 12:54 am - IP Logged

              Wow, what a sad story.

              I Agree!

              Really sad...Ima pray for them....

              "Wait eagerly for the Lord, and keep to the way; God wil raise you to possess the land; you will gloat when the wicked are cut off".

                                                                                            Psalms 37:34

                savagegoose's avatar - ProfilePho
                adelaide sa
                Australia
                Member #37136
                April 11, 2006
                3300 Posts
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                Posted: September 16, 2009, 4:32 pm - IP Logged

                im interested how a trust fund for the kids , gets raided by her boyfreind? surely thats why you set up trust funds. so only the lawyer guy running it gets to raid it.

                 

                anyhow, till we have won the jackpot, we cant really judge.  personally i was thinking at 16 she should have had a trust fund set up for herself. and gone to university; studied something she was interested in.  not for the career , but for the personal development. i guess they dont have college degrees in drug taking tho.

                 

                we should all  learn from it, incase we ever win.

                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