|Posted: January 19, 2012, 1:44 am - IP Logged|
Several times on this site I have read claims that lottery tickets are bearer instruments. Guess what? They are not!
I have never read on any lottery corporation website or advertising claiming that lottery tickets are bearer instruments.
The theft of lottery tickets is relatively easy and it has occured several times. When a large prize is claimed, one of the first objectives of the lottery corporation is to determine if the ticket has been stolen.
Sorry, but it says they are bearer instruments on the tickets themselves and the state lottery sites. There have even been cases already where the state flat out said someone gets the money because they turned in the ticket.
That article has a man pulling a lottery ticket out of the trash and having full rights to the money, even after the person who bought the ticket challenged ownership.
That's an article about the popular Willis Willis guy which includes this tidbit: "lottery officials are not responsible for lost or stolen tickets."
Anyways, I think this whole situation is just wasteful of money. Only the conspiracy theorists are out there thinking that the lottery officials are scamming everyone and trying to hide that fact. The only result of this, other than useless spending, will be that these people get their winnings a little later than they would have (though since they already waited a ridiculous amount of time it doesn't seem they are bothered by that).