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Lottery winner charged in tax conspiracy

Topic closed. 39 replies. Last post 6 years ago by sully16.

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savagegoose's avatar - ProfilePho
adelaide sa
Australia
Member #37136
April 11, 2006
3300 Posts
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Posted: January 26, 2011, 11:24 pm - IP Logged

heheh so max penaly is $100k then he getsa to pay taxes. oh wait he pays thax on the win then pays the  fine double ouch!

 

yes lottery officials know when every ticket was bought and prob have video of the person buying them.

 

a very nice hit buying $180 worth on 1 srt of numbers, but such a sour taste being caught trying to rip of the tax man.

just remebr they didnt get al capone for rackettering, they got him for tax evasion.

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

    OldSchoolPa's avatar - Lottery-057.jpg
    Gurnee, Illinois
    United States
    Member #49731
    February 12, 2007
    917 Posts
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    Posted: January 27, 2011, 5:42 am - IP Logged

    Que the song..."another one bites the dust...!  As long as we have the tax laws that reach into prize winner's pockets like this, we will continue to witness people like this guy run afoul of the big bad IRS while crooks like Charlie Rangel and other connected government "servants" avoid any serious criminal prosecution for their wrongdoing.

    At this time, I really wish I were in the UK...with a chance to get on the "Who Wants To Be a Millionaire" (for us Americans, winning would make us $1.5 Millionaires or thereabouts. 

    But seriously, if and when I win the big one, I will have no problem paying Uncle Sam his due...let's just hope that Obama is in his last years in office and people with fiscal sense get into the presidency and Congress.  Good step for the House of Representatives passing a repeal of ObamaCare...now if only that idiot in Nevada would come to his senses and push it through the Senate instead of vowing to kill it (yeah, I am talking about Harry Reid...who is so lucky to still be in office today...apparently he didn't get the message from this pass election that almost saw him ousted from the Senate).

    Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

    The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

      sully16's avatar - sharan
      Ringleader
      Michigan
      United States
      Member #81740
      October 28, 2009
      40341 Posts
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      Posted: January 27, 2011, 6:28 am - IP Logged

      Any time some one buys 360 pick3 or pick4 tickets with the same numbers and win $516,000, it's going to be investigated for security reasons.  When you consider the normal payouts amount for the whole state and one store sell 50% of the winning tickets in a period of 10 minutes, what do you think going to happen. 

      After paying his partner in crime a $50,000 fee and a fee to those who actually cashed the tickets he probably would have been ahead to have just cashed the tickets himself, claimed his losses of $90,000 from other drawings and paid the taxes.

      I Agree! purchases like that raise flags

      Did you exchange a walk on part in the war ?

      For a lead role in a cage?

       

                                                  From Pink Floyd's " Wish you were here"

        RL-RANDOMLOGIC's avatar - usafce

        United States
        Member #59354
        March 13, 2008
        3962 Posts
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        Posted: January 27, 2011, 10:22 am - IP Logged

        I Agree! purchases like that raise flags

        sully16

        I am just wondering what his LP user name is, or was.

        RL

          ameriken's avatar - 33ojew2
          Denver, Co
          United States
          Member #103046
          December 29, 2010
          546 Posts
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          Posted: January 27, 2011, 11:27 am - IP Logged

          It is my dream that I will one day have a huge multi-million dollar tax bill resulting from a lottery win.

            RJOh's avatar - chipmunk
            mid-Ohio
            United States
            Member #9
            March 24, 2001
            19821 Posts
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            Posted: January 27, 2011, 12:02 pm - IP Logged

            sully16

            I am just wondering what his LP user name is, or was.

            RL

            I'm wondering if he has tried the same thing since then and been more successful by distributing his ticket purchases.

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

              Avatar
              Kentucky
              United States
              Member #32652
              February 14, 2006
              7297 Posts
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              Posted: January 27, 2011, 3:00 pm - IP Logged

              Although you can't go to a lottery website and find out where every winner was bought, the lotteries track every winner and 200 straight pick4 winners from one store is going to be noticed regardless of where they were cashed.  Plus I thought any ticket worth more than $600 require the winner to fill out papers for a W-2G which means the folks who cashed those tickets may had paid some taxes too.

              I Agree!

              The value of the each ticket was $2500 and the tax burden for the people cashing tickets could be around 10%. The tax percentage on $500,000 is over 30% so on paper they had an interesting but illegal idea. If the cashers were paid $1000, though probably less for the use of their SS number, he had a profit of $250,000 hoping it would be tax free. He also had 160 $200 tickets that wouldn't require a W-2G, but combined they were worth $32,000. His partner was charge for not claiming the $50,000 fee he charged for finding the ticket cashers.

              They were caught because somebody noticed those 200 tickets were sold at one store in a short period of time.

                Avatar
                Kentucky
                United States
                Member #32652
                February 14, 2006
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                Posted: January 27, 2011, 3:04 pm - IP Logged

                I Agree! purchases like that raise flags

                The cashing scheme was probably hatched after he found out his tickets won. Maybe it didn't occur to him the lottery would know when and where the tickets were purchased.

                It's ironic that it was in PA where infamous rigging of the pick-3 drawing was done and they too were caught when somebody noticed the extraordinary amount of ticket purchased on the winning number in a few locations.

                  freeobama's avatar - Lottery-057.jpg
                  Sunny part of town
                  United States
                  Member #102877
                  December 27, 2010
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                  Posted: January 27, 2011, 4:43 pm - IP Logged

                  He was fortunate to win but it was not enough. The whole pie was desired!Leaving

                    RJOh's avatar - chipmunk
                    mid-Ohio
                    United States
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                    March 24, 2001
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                    Posted: January 27, 2011, 5:56 pm - IP Logged

                    The cashing scheme was probably hatched after he found out his tickets won. Maybe it didn't occur to him the lottery would know when and where the tickets were purchased.

                    It's ironic that it was in PA where infamous rigging of the pick-3 drawing was done and they too were caught when somebody noticed the extraordinary amount of ticket purchased on the winning number in a few locations.

                    You would think any one buying that many tickets with the same combinations would have thought about the consequences of all those tickets winning before calling in an order for all of them at one store. 

                    Although a few years ago a guy brought 20 Buckeye5 tickets with the same combination that matched all 5 winning numbers and expected $100K per ticket until he was made aware of the maximum payout limit of one million dollars per drawing that was printed on the back of each play slip.  He sued the store and the state claiming some one should have told him that when he was buying his tickets.  He lost his case and had to share the million dollars with another winner who had one ticket.

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

                      James1's avatar - 5599078405 12a562a9e7_t.jpg
                      Florida
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                      January 14, 2011
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                      Posted: January 27, 2011, 6:13 pm - IP Logged

                      It's false advertisement on the Lottery's part to say you won $1MM on a scratch off but in reality you get only half of that after the lump sum fee and federal / state taxes. This pisses me off the most but I expect that before I play.

                      This guy from what I understand won $500 numerous times. You owe no taxes on this. $500K is A LOT but im sure there would of been a civil way out of taxes rather then just committing tax evasion. He could of sued and maybe one for example.

                      2014 Highest Winner: $500

                        RJOh's avatar - chipmunk
                        mid-Ohio
                        United States
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                        March 24, 2001
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                        Posted: January 27, 2011, 9:42 pm - IP Logged

                        It's false advertisement on the Lottery's part to say you won $1MM on a scratch off but in reality you get only half of that after the lump sum fee and federal / state taxes. This pisses me off the most but I expect that before I play.

                        This guy from what I understand won $500 numerous times. You owe no taxes on this. $500K is A LOT but im sure there would of been a civil way out of taxes rather then just committing tax evasion. He could of sued and maybe one for example.

                        What's unfair?  Everybody knows all lottery winnings are taxable regardless of the amounts and if you win a prize that's structured to be paid out over several years and you chose to take a one time cash payment instead you get a lot less.   All the lottery advertisement that I've ever seen include that information.

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

                          Rowen's avatar - animal eel.jpg
                          Illinois
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                          November 3, 2009
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                          Posted: January 28, 2011, 12:05 am - IP Logged

                          It's false advertisement on the Lottery's part to say you won $1MM on a scratch off but in reality you get only half of that after the lump sum fee and federal / state taxes. This pisses me off the most but I expect that before I play.

                          This guy from what I understand won $500 numerous times. You owe no taxes on this. $500K is A LOT but im sure there would of been a civil way out of taxes rather then just committing tax evasion. He could of sued and maybe one for example.

                          so what's to stop someone from cashing 100 winning pick3 tixs at 100 different stores? You don't have to sign or show your id.

                            sully16's avatar - sharan
                            Ringleader
                            Michigan
                            United States
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                            October 28, 2009
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                            Posted: January 28, 2011, 9:19 am - IP Logged

                            sully16

                            I am just wondering what his LP user name is, or was.

                            RL

                            do you think he's a member?

                            Did you exchange a walk on part in the war ?

                            For a lead role in a cage?

                             

                                                                        From Pink Floyd's " Wish you were here"

                              Avatar
                              atlanta
                              United States
                              Member #13754
                              April 13, 2005
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                              Posted: January 28, 2011, 3:02 pm - IP Logged

                              I am just wondering if you win with 100 ticket on cash 3 and the pay out is 500 per ticket do you have to pay taxes on these tickets?