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Mich. lottery winner burns through money, gets jail time for drugs

Topic closed. 57 replies. Last post 5 years ago by savagegoose.

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s5thomps's avatar - Lottery-033.jpg
Hard Luck, Ak
United States
Member #23472
October 13, 2005
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Posted: January 16, 2012, 2:38 am - IP Logged

I originally mentioned Edwards in my post but then took it out because after thinking a bit more about it, the situation really isn't that similar. Edwards tried to at least seek assistance but failed from largely his own ignorance along with the crooks that took advantage of him and it was a much, much, much bigger fail. This guy just blew nearly a million bucks within a year and it was all he pretty much had... I wonder if he even paid the rest of his taxes...

Oh yeah, the fire works thing, he could get them from the Chippewas about 35 miles away in Mount Pleasant, which is where he's now in jail.

While I agree that Mr. Edwards had a much bigger way to fall due to the amount of his jackpot, their situations are similar  because of the choices they made. No one is taken advantage of without their permission. Edwards ignored his financial adviser's advice and chose to go on wild and uncontrolled shopping sprees. The 200,000 dollar advance for his Vegas trip was supposed to be a one time thing for him to celebrate his good fortune and to get the shock of winning out of his system. Also like Mr. Fick's son he brought a lot of useless junk. If you google the arcticle David Lee Edwards Powerfall    it shows the rise and fall of a jackpot winner and the decisions he made leading up to the fall. So I don't feel like Mr. Edwards was taken advantage of....Instead of listening to his financial adviser and using good sense he CHOSE to blow through his fortune.

                                                          Sad

"We make a living by what you get, You make a LIFE by what you give!"

                                                               Sir Winston ChurchillSun Smiley

    dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
    Oklahoma
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    November 12, 2009
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    Posted: January 16, 2012, 4:30 pm - IP Logged

    In jail for stealing a car or assault, maybe both, don't remember exactly beyond being in jail. Saw the story in the newspaper Friday and then looked it up online and here we are. Though the story I found online went into more depth than the little story that was on the front page of my paper since the guy lives in my area.

    I saw their appearance on TLC's show months back but it didn't click with me that it was the same guy for some reason, I think I might have been lost in the stupidity and trashiness of it all. But yeah, this story and the money being basically gone was not at all a surprise, especially with all the worthless stupid crap his son was buying, I mean "collectables" that you'd never even get your money back from, never mind the crazy amount of money wasted for "storage", might as well have bought a house. Their segment is on Youtube apparently but I didn't watch it, didn't need another headache flike the one I had from the first time I saw it.

    He should have had professional help in managing his money because while at his age 850k is a lot and enough to possibly live out the rest of ones life in comfort, not so much to live the "high life" for very long but as long you're not an ignoramus with leaches coming out to bleed you dry with stupidity.

    Don't think it fair to lump in Abe, bit of a different situation. But this is stereotypical lottery winner just the same.

    EDIT: Ahh, found the story again on his son, if Todd doesn't mind me posting. Yeah, he was sentenced to six months in jail for stealing a 90 year old man's car, no assault though.

    http://www.mlive.com/news/bay-city/index.ssf/2011/10/son_of_auburn-area_lottery_win.html

    Thanks for the info DC81..................

      luckyshoes's avatar - butterfly neg.jpg
      Pennsylvania
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      September 2, 2009
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      Posted: January 16, 2012, 6:44 pm - IP Logged

      Wow, its true . Only if you invest it it would last longer. My sister burned through 500k in 24 months. By  Christmas she was selling  her gold  jewelry for cash. Its hard for a lot of people to get that kind of money and know how to handle it.   And you read so often  they get tangled in criminal activity. 

      Oh, sis is in for 2 mill when her in-laws are gone . geeesh

      A fool and her money...........

      Surely the most important news of any day ...

                                                      is that the sun has risen one more time. Sun Smiley

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        New Member
        Michigan
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        January 16, 2012
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        Posted: January 17, 2012, 12:49 am - IP Logged

        Just goes to shoe a fool and his money soon part. Very sad

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          New Member
          midwest
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          February 24, 2011
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          Posted: January 17, 2012, 7:20 am - IP Logged

            I don't understand why people doesn't use there "common sense " when they win the lottery .

            Hire Lawyer , financial advisor and CPA , and knowledge , and the winner keep track of these

            3 officials , then your money can last .  Or just manage the money yourself .

               Live on a fixed income yearly ....instead of blowing the money . Short version in what , I really

              want to say ........

            OldSchoolPa's avatar - Lottery-057.jpg
            Gurnee, Illinois
            United States
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            February 12, 2007
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            Posted: January 17, 2012, 1:13 pm - IP Logged

            People are going to be people, and I don't think it matters if a person goes through Financial Management Courses or even have a personal financial advisor.  The fact remains that people possess free-wills and desires and an overseer (financial advisor) cannot be with a given person all the time. 

            People are free to make wise or stupid decisions.  We could all sit up here and say what a person should or should not do when they come into a large sum of money.  But I am afraid that as long as the lottery exists, there will be many rags-to-riches-back-to-rags stories.  The fact a person wins a large sum of cash does not make that person wiser, smarter, or a better person.  It just changes the circumstances of that person's bank account.

            So all of the step by step advice for lottery winners is nice to know but not really helpful in preventing people from making stupid mistakes.  The only way one can achieve that would be to establish a trust for the money and put in place spending protocol, just like many corporations and associations have (i.e. two person signatories for checks, etc).  But who would really want to cramp their lifestyle if we are talking about individual grown men and women? 

            It is a shame to witness this, but after all, we are all human.

            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!

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              NH
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              Posted: January 17, 2012, 5:12 pm - IP Logged

              If a screenwriter actually wrote that hotel episode, the script would have been thrown in the trash and the screenwriter would have been fired for writing such a non realistic script. Truth is stranger than fiction.

                Cletu$2's avatar - Lottery-050.jpg
                S.E.Iowa
                United States
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                December 21, 2011
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                Posted: January 17, 2012, 5:44 pm - IP Logged

                People are going to be people, and I don't think it matters if a person goes through Financial Management Courses or even have a personal financial advisor.  The fact remains that people possess free-wills and desires and an overseer (financial advisor) cannot be with a given person all the time. 

                People are free to make wise or stupid decisions.  We could all sit up here and say what a person should or should not do when they come into a large sum of money.  But I am afraid that as long as the lottery exists, there will be many rags-to-riches-back-to-rags stories.  The fact a person wins a large sum of cash does not make that person wiser, smarter, or a better person.  It just changes the circumstances of that person's bank account.

                So all of the step by step advice for lottery winners is nice to know but not really helpful in preventing people from making stupid mistakes.  The only way one can achieve that would be to establish a trust for the money and put in place spending protocol, just like many corporations and associations have (i.e. two person signatories for checks, etc).  But who would really want to cramp their lifestyle if we are talking about individual grown men and women? 

                It is a shame to witness this, but after all, we are all human.

                Spoken like a true wise man.People are funny in the way they handle a windfall.Some people become philantropic while others think it will last forever and end up pi$$ing it away.Others get paranoid and hide away from society.Nobody really knows how they will react if & when they win a huge amount of money.We can tell others what we will do if we win,but until we win,we really don't know.

                  s5thomps's avatar - Lottery-033.jpg
                  Hard Luck, Ak
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                  October 13, 2005
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                  Posted: January 17, 2012, 8:15 pm - IP Logged

                  Spoken like a true wise man.People are funny in the way they handle a windfall.Some people become philantropic while others think it will last forever and end up pi$$ing it away.Others get paranoid and hide away from society.Nobody really knows how they will react if & when they win a huge amount of money.We can tell others what we will do if we win,but until we win,we really don't know.

                  CONCUR!I Agree!  Until a person actually wins no one knows what they would do. Because money changes people....some for the better and some for the worse. It actually reveals your true character!

                  "We make a living by what you get, You make a LIFE by what you give!"

                                                                                 Sir Winston ChurchillSun Smiley

                    TheGameGrl's avatar - character catafly.jpg
                    A long and winding road
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                    June 10, 2005
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                    Posted: January 18, 2012, 11:20 pm - IP Logged

                      I don't understand why people doesn't use there "common sense " when they win the lottery .

                      Hire Lawyer , financial advisor and CPA , and knowledge , and the winner keep track of these

                      3 officials , then your money can last .  Or just manage the money yourself .

                         Live on a fixed income yearly ....instead of blowing the money . Short version in what , I really

                        want to say ........

                    The irony in your statement is that "COMMON SENSE" cannot be bought til after a mistake is made. Its the price many pay to even have such a sense.

                    I GET IT that this guy couldnt hold a dime in his hand...some folks are pound foolish. I am seriously MORE IRRATE that this is the same guy that did win...ranted about how he got to keep his food card ...and now he gets more benefits from being broke! Sometimes I think folks are better ahead when they have nuffin...other then the ability to mooch off the taxpayers....Now he gets three meals a day in jail...some education and probably will come out being "Redeemed" and Finding a Faith.

                    Sadly Faith was his cell mate *wink**wink* *nudge* Nudge*

                    ~~Is it true, Is it kind,Is it necessary. ~~~

                     Thanks be to the giving numbers: 1621,912,119 02014

                      DC81's avatar - batman39
                      MI
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                      Posted: January 20, 2012, 12:56 am - IP Logged

                      While I agree that Mr. Edwards had a much bigger way to fall due to the amount of his jackpot, their situations are similar  because of the choices they made. No one is taken advantage of without their permission. Edwards ignored his financial adviser's advice and chose to go on wild and uncontrolled shopping sprees. The 200,000 dollar advance for his Vegas trip was supposed to be a one time thing for him to celebrate his good fortune and to get the shock of winning out of his system. Also like Mr. Fick's son he brought a lot of useless junk. If you google the arcticle David Lee Edwards Powerfall    it shows the rise and fall of a jackpot winner and the decisions he made leading up to the fall. So I don't feel like Mr. Edwards was taken advantage of....Instead of listening to his financial adviser and using good sense he CHOSE to blow through his fortune.

                                                                                Sad

                      I've actually read that before, I've read other stories, one or two that even had several verified comments from his daughter, the thing is that while the basics are similar they're are not all that different from nearly EVERY "lottery winner goes broke" story. However, when you dig deeper into Edward's story you'll find there's a bit more to it that make it a fair bit different.. I actually called Edwards a combination of Fick and his son due to Dave's buying a bunch of tacky crap that he thought was "classy" because Edwards for whatever reason seemed to be trying to impress others but again I ended up editing it out after further thinking about it because there's a big difference there.

                      One example, Fick might have a painkiller addiction but I doubt that contributed to him losing his money. We KNOW Edwards had a severe drug problem with an addiction to heroin and cocaine which was also fueled by those around him and that without a doubt contributed to how he ended up. Not to mention the horrendous effects it clearly had on his daughter being in that environment and messed up home life,  she had her own problems with drugs during and after the whole lottery business and was arrested a year ago to the day (well, not quite since it's after midnight now) for trafficking heroin..

                      That IMO alone is a HUGE difference as the only person really affected by Fick is Fick.  Also I dunno if you can exactly trust that guy who was his "adviser" seeing as Edwards has this idea that he was making A LOT more per day from interest than what he actually was.

                      You can't predict random.

                        OldSchoolPa's avatar - Lottery-057.jpg
                        Gurnee, Illinois
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                        Posted: January 20, 2012, 8:02 am - IP Logged

                        The son must have seen an episode of American Pickers. I have never seen anyone so dismally stupid in my life. I was rolling on the floor when I saw where the kid was storing his "inventory" of collectables.

                        A thrashy motel room with a jacuzzi in it? Oh yeah that looked secure. Pops was footing the bill for an 80 dollar a night room so his idiot son could lay around and plan how to milk the old man of even more cash. I  almost got sick watching this crap.

                        Frick would have been better off if he had run into that black widow type that latched onto Shakesphere, at least he would have been rid of his son and out of his misery.

                        I agree.  I just watched this episode again on YouTube and if the "entrepreneurally-minded" son was so focused on business, he 1) would not have gone into the local pawn shop and paid retail market value prices of things he intended to resell for a profit; 2) would have stored his inventory in a lower cost local storage unit (I know you can rent one of those for less than $150 per month vice the $2,400 he...correction, his father was dropping on that budget hotel room serving as a storage unit); 3) would have asked his father to pay for him to get his teeth fixed before appearing on TLCML (I mean, I can't take anyone seriously if they are talking big talk through missing front teeth...and I can only imagine how bad his breath must have smelled, so kudos to that guy at the restaurant for enduring that spectacle.  I bet he is LHAO now!).  Loser son!

                        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!

                          savagegoose's avatar - ProfilePho
                          adelaide sa
                          Australia
                          Member #37136
                          April 11, 2006
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                          Posted: January 20, 2012, 8:55 am - IP Logged

                          well entrepenuer would have a market already set up, a store to sell, or a stall, or a  shop to let with a regular crowd interested int he kind of crap he wanted to sell, before he bought $1, of useless crap.

                          maybe renting  shelf space in a   hard done by store, or renting out his own.  but <snip>ed if you buy stock without a place to sell it!

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