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$254M Ct. Powerball jackpot claimed by 3 asset managers

Topic closed. 95 replies. Last post 5 years ago by Iesha Kelly.

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rdgrnr's avatar - walt
Way back up in them dadgum hills, son!
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Posted: November 29, 2011, 5:33 pm - IP Logged

I think 1 ticket. I think they are the kind of player that buys a single ticket for every draw.

Good luck.

Thank God they didn't get into a pool.

One ticket is all it takes.

Single players win waaaaaaaaay more often than pools which hardly ever win.

So I agree with you, no pools.


                                             
                     
                                         

 

 

 

 

                                                                                                   

"The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                            --Edmund Burke

 

 

    rdgrnr's avatar - walt
    Way back up in them dadgum hills, son!
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    Posted: November 29, 2011, 5:38 pm - IP Logged

    If this isnt an answer to the question; "Do wealthy people play the lottery?", then I dont know what is!

    For those of you that dont know the general area where Greenwich is located here's a few facts for you:

    Geeenwich is the western most town in The Connecticut Panhandle bordering on The State of New York. It's the westen edge of "The Gold Coast of Connecticut", which extends along Long Island Sound to it's eastern edge in Fairfield, Ct.  The Gold Coast contains towns such as Stamford (aka "Wall Street on the Sound"), and Westport which is home to Fox News's Don Imus, Phil Donohue, Twilight Zone creator Rod Serling, Martha Stewart once lived in Westport, and NCIS Los Angeles's Linda Hunt.  The late host of PBS's "Wall Street Week", Louis Rukeyser, lived on his estate in Greenwich.  It's CEO country, with many CEO's of Fortune 500 corporations like IBM's Sam Palmisano living there. (Sam is retiring in a month, his retirement package was estimated at 170 million dollars.)

    Remember the "TART" scandal where all those bank exec's that took Federal bailout money for the failing banks they ran, accepted huge year end bonuses, and wouldnt give it back once they were exposed? Many of them live in Fairfield.

    You'll see lots of expensive cars, Mercedes, Jaguar's, Porsche's, and Lexus's are the norm. (I think it's quite ironic that many of them still have an "Obama 08" bumper sticker on them!!)  Lots of expensive resturants, shops and stores.  I once bought a cupcake in a bakery in Westport that cost me 6 bucks! 

    So like it or not, no matter whose ticket it really is, whoever it is, they already had lots of money, or else they couldnt live in that neck of the woods.

    Please let Congress know where you get those $6 cupcakes.

    Cuz we're currently paying $16 each for their cupcakes.

    And we have to borrow money from the Chinese to do it.


                                                 
                         
                                             

     

     

     

     

                                                                                                       

    "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                --Edmund Burke

     

     

      rdgrnr's avatar - walt
      Way back up in them dadgum hills, son!
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      Posted: November 29, 2011, 5:42 pm - IP Logged

      I was not dreaming. Three guys won the $254.2 Millions Powerball Jackpot with 1 Quick Pick Ticket in Connecticut?

      That's the rumor.


                                                   
                           
                                               

       

       

       

       

                                                                                                         

      "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                  --Edmund Burke

       

       

        JAP69's avatar - alas
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        Posted: November 29, 2011, 5:51 pm - IP Logged

        Being financial managers or a millionaire who purchased and needing only one ticket to win in this game they got a larger return on their investment for $0.33.333 or one dollar for the millionaire.

        Pays to be a financial manager to get best return for your investment.

        I have done work for supposedly wealthy individuals and they will nickle and dime you to death.

        WHATT

          JAP69's avatar - alas
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          Posted: November 29, 2011, 5:57 pm - IP Logged

          If they are a front for someone the I R S will know who the winner is.

          WHATT


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            Posted: November 29, 2011, 6:12 pm - IP Logged

            Here is an extension of my original theory the asset managers are acting for an anonymous winner. This also explains why they did not use a trust and it took so long to claim the ticket.

            Keep in mind the 3 asset managers claimed the money in their names meaning they have to pay the taxes.

            They bought the ticket from the original winner.

            They may be able to pay the winner more money after taxes than the winner could have gotten from the state. Why? Because the asset managers may be in a tax situation that a lottery win could help with. For example, the 3 asset managers may have suffered some financial losses this year. Not to say for sure they paid the winner more money. It could simply have been a symbiotic relationship. The winner gets to stay anonymous and the 3 asset manager make a couple of bucks. For example, they pay the winner $108 million using the $108 million they got from claiming the lottery ticket and then they get a tax refund next year that more than pays for their effort.

            It may have all started when the original winner went to them to help manage his money and set up a trust. The asset managers got their tax adviser involved and came up with an even better plan.

            This might qualify as the best lottery deal ever.

            Good luck.

              JonnyBgood07's avatar - Patriots logo1.jpg
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              Posted: November 29, 2011, 6:19 pm - IP Logged

              was just watching this on the news but my kid got loud so I went to the local newstations website...

               

              Gladstone told ABC News; "The plan was to keep all this private. You've seen people pry into other people's lives.  They want to protect their client." Gladstone says one of the three men admitted to him that they claimed the winning ticket for a client. "These are smart guys, they want to turn the hundred million into three or four hundred million," he said. Connecticut Lottery Corporation President Anne Noble says the winners are generally determined by whoever is holding the ticket. She says the three men will get the money.

              This is the largest payout in the history of the Connecticut Lottery Corporation and, as far as they're concerned, all the rules have been followed. "Our obligation is to verify that the ticket is valid, that we have the right ticket and to pay the bearer of the instrument and that's what we did," said Noble.

              The winner's name is public record, but in this case, the name on the back of the ticket is the Putnam Avenue Family Trust. "It can be a trust, a partnership, it could be a corporation. That's permitted by the rules and it's permitted by the process," Noble explained.

              "No matter how bad things may get, I'd like to thank my middle finger

              for always sticking up for me.."

               


                rdgrnr's avatar - walt
                Way back up in them dadgum hills, son!
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                Posted: November 29, 2011, 7:03 pm - IP Logged

                Here is an extension of my original theory the asset managers are acting for an anonymous winner. This also explains why they did not use a trust and it took so long to claim the ticket.

                Keep in mind the 3 asset managers claimed the money in their names meaning they have to pay the taxes.

                They bought the ticket from the original winner.

                They may be able to pay the winner more money after taxes than the winner could have gotten from the state. Why? Because the asset managers may be in a tax situation that a lottery win could help with. For example, the 3 asset managers may have suffered some financial losses this year. Not to say for sure they paid the winner more money. It could simply have been a symbiotic relationship. The winner gets to stay anonymous and the 3 asset manager make a couple of bucks. For example, they pay the winner $108 million using the $108 million they got from claiming the lottery ticket and then they get a tax refund next year that more than pays for their effort.

                It may have all started when the original winner went to them to help manage his money and set up a trust. The asset managers got their tax adviser involved and came up with an even better plan.

                This might qualify as the best lottery deal ever.

                Good luck.

                Nope, that ain't it either.


                                                             
                                     
                                                         

                 

                 

                 

                 

                                                                                                                   

                "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                            --Edmund Burke

                 

                 

                  Avatar

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                  Posted: November 29, 2011, 7:12 pm - IP Logged

                  was just watching this on the news but my kid got loud so I went to the local newstations website...

                   

                  Gladstone told ABC News; "The plan was to keep all this private. You've seen people pry into other people's lives.  They want to protect their client." Gladstone says one of the three men admitted to him that they claimed the winning ticket for a client. "These are smart guys, they want to turn the hundred million into three or four hundred million," he said. Connecticut Lottery Corporation President Anne Noble says the winners are generally determined by whoever is holding the ticket. She says the three men will get the money.

                  This is the largest payout in the history of the Connecticut Lottery Corporation and, as far as they're concerned, all the rules have been followed. "Our obligation is to verify that the ticket is valid, that we have the right ticket and to pay the bearer of the instrument and that's what we did," said Noble.

                  The winner's name is public record, but in this case, the name on the back of the ticket is the Putnam Avenue Family Trust. "It can be a trust, a partnership, it could be a corporation. That's permitted by the rules and it's permitted by the process," Noble explained.

                  re: the final quote in your post...

                  This runs counter to what former CT Attorney General Blumenthal had said when some similar claiming controversy arose elsewhere in the USA a few years ago.  I remember he said that only (an) individual('s) name(s) can appear on the winning ticket or otherwise make the claim.  No trusts or group affiliations. 

                  I now have to wonder if he was wrong, or has something changed?

                    Avatar

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                    Posted: November 29, 2011, 7:22 pm - IP Logged

                    Nope, that ain't it either.

                    To me the scoreboard reads: Mario38 1, rdgrnr 0!

                      Todd's avatar - Cylon 2.gif
                      Chief Bottle Washer
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                      Posted: November 29, 2011, 7:25 pm - IP Logged

                      To me the scoreboard reads: Mario38 1, rdgrnr 0!

                      Well, if you counted all the past stuff, it would be fairly lopsided in the other direction.  I say rdgrnr gets a mulligan on this one.

                       

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                      Sign the Petition for True Lottery Drawings
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                        rdgrnr's avatar - walt
                        Way back up in them dadgum hills, son!
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                        Posted: November 29, 2011, 7:27 pm - IP Logged

                        re: the final quote in your post...

                        This runs counter to what former CT Attorney General Blumenthal had said when some similar claiming controversy arose elsewhere in the USA a few years ago.  I remember he said that only (an) individual('s) name(s) can appear on the winning ticket or otherwise make the claim.  No trusts or group affiliations. 

                        I now have to wonder if he was wrong, or has something changed?

                        Blumenthal said he served in Vietnam too.

                        He didn't - it was a lie.

                        After hearing that, the Dems re-elected him to high office.


                                                                     
                                             
                                                                 

                         

                         

                         

                         

                                                                                                                           

                        "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                    --Edmund Burke

                         

                         

                          rdgrnr's avatar - walt
                          Way back up in them dadgum hills, son!
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                          Posted: November 29, 2011, 7:35 pm - IP Logged

                          Well, if you counted all the past stuff, it would be fairly lopsided in the other direction.  I say rdgrnr gets a mulligan on this one.

                          Thanks Todd, I'll take the mulligan if necessary but what I'd like to see is the video of the guy buying the ticket.

                          I haven't heard a word about that.


                                                                       
                                               
                                                                   

                           

                           

                           

                           

                                                                                                                             

                          "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                      --Edmund Burke

                           

                           


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                            Posted: November 29, 2011, 8:18 pm - IP Logged

                            Well, if you counted all the past stuff, it would be fairly lopsided in the other direction.  I say rdgrnr gets a mulligan on this one.

                            Nothing like a biased opinion to carry a lot of weight.

                              Todd's avatar - Cylon 2.gif
                              Chief Bottle Washer
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                              Posted: November 29, 2011, 8:31 pm - IP Logged

                              Nothing like a biased opinion to carry a lot of weight.

                              I'm only biased by the facts and past behavior.  I am honored to hear that you feel my opinion carries a lot of weight.

                               

                              Check the State Lottery Report Card
                              What grade did your lottery earn?

                               

                              Sign the Petition for True Lottery Drawings
                              Help eliminate computerized drawings!