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Lawyer gives up $14 million Iowa lottery ticket claim

Jan 26, 2012, 8:02 pm

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Hot LottoHot Lotto: Lawyer gives up $14 million Iowa lottery ticket claimRating:

Strangest winner story ever?  Lawyer sacrifices $14 million jackpot to prevent lottery from learning the winner's identity

The New York lawyer who tried to redeem a multi-million dollar lottery ticket in Iowa last month — only to have his claim called into question by officials demanding to know who he represented — is giving up the quest for the jackpot.

Crawford Shaw, 76, said on Thursday he was withdrawing his claim to a Hot Lotto ticket worth up to $14.3 million "because I'm not going to argue with the lottery."

Shaw's decision would appear to end what Iowa lottery officials called the strangest jackpot pursuit they had ever experienced.

The winning ticket was turned in December 29, less than two hours before it would have expired a year after the drawing. Iowa Lottery officials tested and validated the ticket, but refused to pay out the winnings until they could verify the purchaser's identity, among other things.

Shaw, who had signed the ticket as a trustee for an entity he called the Hexam Investment Trust, never revealed who was in the trust.

Iowa Lottery officials gave him a deadline: Tell us who you represent by 3 p.m. Friday afternoon or forget about collecting the millions.

In the meantime, the lottery said it had learned that Shaw was "associated with criminal proceedings and bankruptcy filings in New York and Delaware," and officials were investigating.

Shaw is the former chief executive officer of Industrial Enterprises of America Inc., a bankrupt public company that the Manhattan District Attorney's office said was looted in a $100 million securities fraud scheme.

Shaw, who was not charged with criminal wrongdoing, is a defendant in a civil suit by the company. He claims to know nothing about the suit.

In any case, he chose to call it quits on Thursday, telling Reuters he had asked a local law firm to pass along his decision to lottery officials.

A spokeswoman for the lottery said they had not received notice of withdrawal from Shaw as of late Thursday afternoon.

"We are checking with the local counsel," said the spokeswoman, Mary Neubauer.

Reuters

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60 comments. Last comment 9 years ago by psykomo.
Page 1 of 5
Avatar
Orlando, FL
United States
Member #115780
August 28, 2011
259 Posts
Offline

ScaredScaredScaredScaredScared

OMG!!!!! Nobody in their right mind would walk away from millions of dollars. Something very shady is going on. Congrats to the Iowa Lottery!

    jarasan's avatar - new patrick.gif
    Harbinger
    Maryland
    United States
    Member #44102
    July 30, 2006
    6250 Posts
    Offline

    And now,  for something completely different.

      Guru101's avatar - rw6jhh
      Indiana
      United States
      Member #48723
      January 7, 2007
      1961 Posts
      Offline

      That ticket was stolen and the thief's plan to claim the jackpot has been destroyed. The sad part is that the real winner won't be able to enjoy the benefits of winning the jackpot. Everyone should sign and protect their tickets. I'm signing every ticket I purchase from now. Every single one.

      Gonna win.Big Smile

        Avatar
        Orlando, FL
        United States
        Member #115780
        August 28, 2011
        259 Posts
        Offline

        That ticket was stolen and the thief's plan to claim the jackpot has been destroyed. The sad part is that the real winner won't be able to enjoy the benefits of winning the jackpot. Everyone should sign and protect their tickets. I'm signing every ticket I purchase from now. Every single one.

        I Agree! I guess he waited until the very last minute in hopes the Iowa Lottery would pay the ticket without question. Very Very Shady.

          JAP69's avatar - scene sunovermountains.jpg
          South Carolina
          United States
          Member #6
          November 4, 2001
          8881 Posts
          Online

          My guess is telling who the owner is may have something to do with the bankruptcy. If the owner of the ticket is involved in the bankruptcy it would need to be listed as an asset and he would no doubt lose it all anyhow in bankruptcy proceedings.

          Numbers are where you find them.

            winsumloosesum's avatar - Lottery-060.jpg
            Philadelpia/Pennsylvania
            United States
            Member #2218
            September 1, 2003
            6528 Posts
            Offline

            Lawyers. 

            You think the guy would be smart.

            He must know somebody in Iowa that he could give the ticket to and then share the jackpot.

            All that time holding on to a $14 million dollar lottery ticket. 

            Don't get it at all!!

              Cletu$2's avatar - Lottery-050.jpg
              S.E.Iowa
              United States
              Member #120498
              December 21, 2011
              534 Posts
              Offline

              If I ran the Iowa Lottery this would not be the end of the story.I'd prosecute Shaw for attempted theft by deception or some such law.I'd put him behind bars at Fort Madison (Iowas maximum security prison).I'd make him wish that he'd never heard of Iowa.

                TheGameGrl's avatar - Lottery-012.jpg
                A long and winding road
                United States
                Member #17083
                June 10, 2005
                6566 Posts
                Offline

                Jarasen,

                LOL!!! Only a Monty Python fan could recite that and make it work!! good line!

                Count your smiles.

                  haymaker's avatar - Lottery-012.jpg
                  Egg Harbor twp.south Jersey shore
                  United States
                  Member #112963
                  June 29, 2011
                  4136 Posts
                  Offline

                  i would't mind seein some lawyers go to jail.

                  but some criminals go to jail and come out lawyers.

                  Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

                    HaveABall's avatar - rocket

                    United States
                    Member #72446
                    March 18, 2009
                    1388 Posts
                    Offline

                    Well, LP members, this one hurts deeply (when we picture it being taken from our self)!

                    I think that the Iowa Lottery should put the $14.3M or whatever the monies they get to keep from this jackpot win in their own state for a special raffle with several BIG multi-million $ first, second, and third place jackpots.  Otherwise, it just looks bad on the multi-state run Hot Lotto and Iowa Lottery Headquarters.

                    What do you folks think and feel about this deflating/bummer end result of no jackpot winners among Hot Lotto's and Iowa Lottery's wistful players?

                    Leaving Thud

                    Having several millions of dollars in my financial accounts means receiving several valuable services each day!

                    Disney

                      jarasan's avatar - new patrick.gif
                      Harbinger
                      Maryland
                      United States
                      Member #44102
                      July 30, 2006
                      6250 Posts
                      Offline

                      Jarasen,

                      LOL!!! Only a Monty Python fan could recite that and make it work!! good line!

                      I do love that Monty Python crew.  Watched it on channel 20 10PM.....and of course the movies.

                      This turn of events is just that,   a plot twister,  another book,  very confounding!

                      I like this scene so very much.  "Allo who ease it???????????"

                        rdgrnr's avatar - walt
                        100
                        Way back up in them dadgum hills, son!
                        United States
                        Member #73902
                        April 28, 2009
                        14903 Posts
                        Offline

                        My guess is telling who the owner is may have something to do with the bankruptcy. If the owner of the ticket is involved in the bankruptcy it would need to be listed as an asset and he would no doubt lose it all anyhow in bankruptcy proceedings.

                        I agree, JAP. Somebody was probably trying to hide it from his creditors and now realizes he won't be able to, so he'd rather give it up than give them the satisfaction of taking it from him.


                                                                     
                                             
                                                                 

                         

                         

                         

                         

                                                                                                                           

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

                                                                                                                    --Edmund Burke

                         

                         

                          Arrowhead's avatar - underground
                          Ohio
                          United States
                          Member #120748
                          December 27, 2011
                          294 Posts
                          Offline

                          "Just pay it!", how many on here said of Iowa Lotto?

                            rdgrnr's avatar - walt
                            100
                            Way back up in them dadgum hills, son!
                            United States
                            Member #73902
                            April 28, 2009
                            14903 Posts
                            Offline

                            "Just pay it!", how many on here said of Iowa Lotto?

                            They might as well pay it if they're not going to give the people who built that pot another chance to win it.

                            Why should Iowa get to keep it?


                                                                         
                                                 
                                                                     

                             

                             

                             

                             

                                                                                                                               

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

                                                                                                                        --Edmund Burke