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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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Canada
Member #68663
December 27, 2008
260 Posts
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Posted: December 1, 2011, 10:05 am - IP Logged

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

You know it's called income tax because it's a tax on income, right? If the money goes to somebody else it won't be income to them and they won't be paying taxes on it.

KY Floyd, I do not think you understood my theory. I speculated if the ticket was sold to the 3 asset managers, then when the 3 claim the ticket, it is their income and not the income of the original winner.

I wrote that before the existence of the trust was reported in the press. The trust changes things a lot. The original winner can be named a beneficiary of the trust with structured payments to optimize the taxes.

Good luck.

    rdgrnr's avatar - walt
    Way back up in them dadgum hills, son!
    United States
    Member #73904
    April 28, 2009
    14903 Posts
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    Posted: December 1, 2011, 10:19 am - IP Logged

    Hi Rdgrnr!

    The owner of the gas station said that their cameras will only store up to 10 days of security footage. Since  the ticket was purchased more than 10 days ago the footage showing the purchase of the ticket is no longer available....

    However the clerk who sold the ticket to Tim Davidson did identify him in a photo as the guy he sold the ticket to.  He says he remembers him because he is a regular who buys his morning coffee there.

    Hey Perfecttiming!

    Well, that makes sense and it's good enough for me but you know those who insist on a conspiracy are of course gonna say the clerk was paid off to say that, lol.


                                                 
                         
                                             

     

     

     

     

                                                                                                       

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

                                                                                                --Edmund Burke

     

     


      Canada
      Member #68663
      December 27, 2008
      260 Posts
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      Posted: December 1, 2011, 10:33 am - IP Logged

      The clerk may remember he sold a ticket to a particular person. But for the clerk to remember he sold the winning ticket to a particular person is extremely unlikley. What does the clerk do? Memorize the numbers of the tickets sold and then check the winning numbers after the draw to see who won?

      The clerk may be stating what the "winner" wants to hear with the hope of a good tip.

      Good luck.

        rdgrnr's avatar - walt
        Way back up in them dadgum hills, son!
        United States
        Member #73904
        April 28, 2009
        14903 Posts
        Offline
        Posted: December 1, 2011, 10:51 am - IP Logged

        The clerk may remember he sold a ticket to a particular person. But for the clerk to remember he sold the winning ticket to a particular person is extremely unlikley. What does the clerk do? Memorize the numbers of the tickets sold and then check the winning numbers after the draw to see who won?

        The clerk may be stating what the "winner" wants to hear with the hope of a good tip.

        Good luck.

        "The clerk may be stating what the "winner" wants to hear with the hope of a good tip."

        Wow, that was fast.

        They don't call me an Oracle for nothing.


                                                     
                             
                                                 

         

         

         

         

                                                                                                           

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

                                                                                                    --Edmund Burke

         

         

          Avatar
          New Member
          Los Angeles, CA
          United States
          Member #72305
          March 15, 2009
          9 Posts
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          Posted: December 31, 2011, 4:23 am - IP Logged

          Deflating. Cruel joke.

          The MegaMillions will hit...it will be me...this you heard here first

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            United States
            Member #24503
            October 23, 2005
            159 Posts
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            Posted: January 8, 2012, 4:40 am - 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.

            I don't see why not.  That situation stunk from the beginning.  And if the charity exists, it's more likely of the 'Putnam Avenue Family Charity' persuasion, not the established third-party legitimate non-profit with low overhead variety.  But folks will forget about this story, unless a Whittaker situation happens, and with the types of precautions these people took, that's not going to happen in the public eye.

            The clerk claiming they remember selling the exact winning ticket to the guy is ludicrous, for the reasons stated above.  It's a simple thing to cover for someone else.  Could be because he was offered a cut, it's more likely because the clerk sees the guy as a 'friend'... kind of like the women's prisoners saw Paris Hilton as a 'friend' when Ms. Hilton went to jail for the blink of an eye.  And it wouldn't hurt if the clerk's store manager or store owner gave the clerk back up as good will, because the store gets their own payday for having the winning ticket purchased through them.

            But the way the 'real' winner did it is commendable, from a keeping one's anonymity standpoint.  That's usually lauded here, so why not laud them.