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Mega Millions winner forced to split jackpot with co-workers

Topic closed. 78 replies. Last post 5 years ago by RedStang.

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TheGameGrl's avatar - character catafly.jpg
A long and winding road
United States
Member #17084
June 10, 2005
4532 Posts
Offline
Posted: March 15, 2012, 8:31 pm - IP Logged

This article isn't very helpful, several key bits of information are missing to CLEARLY show why this man was forced to share the monies he received from the lottery with five additional people.

Thud

I agree. So for the most part , I lean to the side of caution. This is a jury of folks ( common citizens) who don't have common sense. Since the TRUE possiblity did exist that he purchased the ticket with his own money and used his own set of numbers, this jury was no different then the plaintiffs. Hungry for injustice and it was served cold.

Bottom line...Its New Jersey...enuff said. They even tax the highest themselves along side the feds!

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

christmas holly jolly numbers: 255,303,6911, 474,477 silver:47,gold:79.

    Kumo's avatar - ebDWVf6 jpg?1

    United States
    Member #122235
    January 27, 2012
    172 Posts
    Offline
    Posted: March 15, 2012, 9:47 pm - IP Logged

    Kumo, you wrote:  "Personally I had planned to give everyone in the pool $1 Million each if my personal set of numbers won."

    Kumo, I don't understand why you planned that amount; as huge "Gift Taxes" are collected [by the U.S.A. Federal Government] from U.S.A. Citizens who "Gift" more than $13K limit, annually, to a person who isn't their Legal Spouse.  Finally, not common knowledge is that all of one's "Gifts" to people must not total exceed $1M (total to all people) during the "gifter's" lifetime! 

    Therefore, the only way to give a person a substantial portion of your lottery winnings is to include them into the official lottery headquarter's Claim Form [percentages broken down either by individual names, trust name, corporation, or foundation].

    No No What?

    Trust me HAB, I know all about those crazy gift taxes now... still think they are  BS... but back then I was not aware of some of the lottery horror stories of folks that gave away too much. Both myself and the other guy that helped to collect the lottery pool funds, would often state our intentions to spread the wealth during convertations in the breakroom.... just a bunch of "dream big and talk big" convo. We're also talking about a time before I knew about Trusts, Diversification, Estates and Capital Gains. Cool

    Plans have changed since then with better knowledge, no matter what I would give to relatives, it wouldn't go over the combined annual $26,000 that my Wife and I together can give per person.

    Lifetime exemption on gift tax got raised to $5,120,000 this year. It goes back to $1,000,000 in 2013

    Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same. ~Ronald Reagan

    "None are more hopelessly enslaved than those who falsely believe they are free." ~Wolfgang von Goethe

    "It's preferable to be harmlessly paranoid than fatally stupid."  ~Anonymous

      BaristaExpress's avatar - BaristaExpressMX zpsfb0d8b5d.png
      Magnolia, Delaware
      United States
      Member #18795
      July 20, 2005
      789 Posts
      Offline
      Posted: March 15, 2012, 9:57 pm - IP Logged

      First of all people "if" you're one of those who buys tickets for a lottery pool that you are running you buy those tickets (lottery pool) at one store and always they are to be QP's!

      Second you buy your personal tickets at another store and always buy "your tickets" at that store as long as you buy tickets for the lottery pool!!!! Never buy your tickets at the same store you purchase the lottery pool tickets at, "NEVER". And if at all possible you yourself never buy QP's as your personal tickets when your the one running a lottery pool!!!! Be smart and cut off all possible trouble before it has a chance to pop up and bite you in the A**!

      Keep dreaming the impossible dream, it just may come true! Thumbs Up

        RJOh's avatar - chipmunk
        mid-Ohio
        United States
        Member #9
        March 24, 2001
        19831 Posts
        Offline
        Posted: March 15, 2012, 10:21 pm - IP Logged

        First of all people "if" you're one of those who buys tickets for a lottery pool that you are running you buy those tickets (lottery pool) at one store and always they are to be QP's!

        Second you buy your personal tickets at another store and always buy "your tickets" at that store as long as you buy tickets for the lottery pool!!!! Never buy your tickets at the same store you purchase the lottery pool tickets at, "NEVER". And if at all possible you yourself never buy QP's as your personal tickets when your the one running a lottery pool!!!! Be smart and cut off all possible trouble before it has a chance to pop up and bite you in the A**!

        If he was going to buy other tickets than those for the pool, he should have made sure members of the pool knew about them and made sure they knew which ones belonged to them before each drawings.  If they weren't OK with it then he should have only bought tickets for himself and allowed someone else to buy the pool tickets.  He knew the risks and when he won he knew how it looked and decided to quite his job, lay low for a while before  putting in his claim as if that ticket did belong to the pool.  He acted like a crook and the jury assumed he was a crook.

         * you don't need to buy more tickets, just buy a winning ticket * 
           
                     Evil Looking       

          Hermanus104's avatar - 5027340606 1e360c8038_s.jpg
          Northern Virginia
          United States
          Member #83350
          December 5, 2009
          1317 Posts
          Offline
          Posted: March 16, 2012, 12:50 am - IP Logged

          Does this guy still have $20 million to give to his friends? I think his type would have already blown through the $24 million.

          Today's winning 3-ball is going to be a number between 000 and 999.

          In a lot of states, lotteries benefit education. That makes the REAL winners the only people who can't play!

            gocart1's avatar - lighthouse
            ONEONTA,NEW YORK
            United States
            Member #30516
            January 17, 2006
            419 Posts
            Offline
            Posted: March 16, 2012, 3:24 am - IP Logged

            Give some undeserved money to one skinflint and you will have to deal with hordes of them begging and demanding and sending sleazy lawyers after you.

            Best to stay away from pools altogether.

            They attract the cheapest, miserly moneygrubbers in the world.

            I Agree!Thats what i say also ..Buy your own tickets ...And thats it

              DC81's avatar - batman39
              MI
              United States
              Member #54830
              August 31, 2007
              985 Posts
              Offline
              Posted: March 16, 2012, 7:08 am - IP Logged

              Does this guy still have $20 million to give to his friends? I think his type would have already blown through the $24 million.

              It was probably frozen before he even got to spend a dime, or at least before he spent too much.

              Everything I wanted to say has already been said though... Lottery pools suck, if you buy personal tickets don't do it at the same time or even place you buy pool ones and gift taxes suck.

              Personally I would never give any one person a million dollar gift, not just because of the taxes (even if the exemption has been raised for a limited time) but because that's a lot of money for someone to potentially screw up their lives with, people might love to share your burden but might not love the outcome for themselves.. I'd be a cheap <snip> and stick to the annual per person exemption for all but one or two people and even still I wouldn't give them anywhere close to 1M in cash.

              This post has been automatically changed by the Lottery Post computer system to remove inappropriate content and/or spam.

              You can't predict random.


                United States
                Member #111442
                May 25, 2011
                6323 Posts
                Offline
                Posted: March 16, 2012, 8:23 am - IP Logged

                Last nights results for "LFL" 1, 2, 6, 10, 19   "Lucky Ball"  15

                I won on all my three tickets! Got the lucky ball, and two other tickets 2 out of 5. Total purse $8.00    Banana

                Bad news, cannot retire just yet.   Crying


                  United States
                  Member #111442
                  May 25, 2011
                  6323 Posts
                  Offline
                  Posted: March 16, 2012, 10:16 am - IP Logged

                  Last nights results for "LFL" 1, 2, 6, 10, 19   "Lucky Ball"  15

                  I won on all my three tickets! Got the lucky ball, and two other tickets 2 out of 5. Total purse $8.00    Banana

                  Bad news, cannot retire just yet.   Crying

                  Oh...almost forgot to mention the most important part. On the very first "LFL" drawing, the FIRST Jackpot was from MA!!!

                   

                  Please, despite your reservations about "LFL" Bigheadnick, please tELL me you played just one line and became LP's first ever Jackpot

                  winner AND the very first Jackpot winner of "LFL".

                   

                  Seriously bro.....I hope it was you!  What?  Yes Nod

                    HaveABall's avatar - rocket

                    United States
                    Member #72448
                    March 18, 2009
                    1228 Posts
                    Offline
                    Posted: March 16, 2012, 11:05 am - IP Logged

                    Trust me HAB, I know all about those crazy gift taxes now... still think they are  BS... but back then I was not aware of some of the lottery horror stories of folks that gave away too much. Both myself and the other guy that helped to collect the lottery pool funds, would often state our intentions to spread the wealth during convertations in the breakroom.... just a bunch of "dream big and talk big" convo. We're also talking about a time before I knew about Trusts, Diversification, Estates and Capital Gains. Cool

                    Plans have changed since then with better knowledge, no matter what I would give to relatives, it wouldn't go over the combined annual $26,000 that my Wife and I together can give per person.

                    Lifetime exemption on gift tax got raised to $5,120,000 this year. It goes back to $1,000,000 in 2013

                    Phew, good to know.  Cheers! Cheers

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

                    Disney

                      RedStang's avatar - tallman zps6gf4inoc.jpg
                      NY
                      United States
                      Member #121961
                      January 21, 2012
                      3157 Posts
                      Offline
                      Posted: March 16, 2012, 11:32 am - IP Logged

                      Oh...almost forgot to mention the most important part. On the very first "LFL" drawing, the FIRST Jackpot was from MA!!!

                       

                      Please, despite your reservations about "LFL" Bigheadnick, please tELL me you played just one line and became LP's first ever Jackpot

                      winner AND the very first Jackpot winner of "LFL".

                       

                      Seriously bro.....I hope it was you!  What?  Yes Nod

                      So much for my lotto predictions. Really did'nt expect anyone to win yet. Guess i'll just shut my mouth. BTW, whats with this guys first name Americo. Is he trying to fit in.

                        ashabug725's avatar - Yavill
                        Indiana
                        United States
                        Member #122868
                        February 9, 2012
                        322 Posts
                        Offline
                        Posted: March 16, 2012, 11:40 am - IP Logged

                        Last nights results for "LFL" 1, 2, 6, 10, 19   "Lucky Ball"  15

                        I won on all my three tickets! Got the lucky ball, and two other tickets 2 out of 5. Total purse $8.00    Banana

                        Bad news, cannot retire just yet.   Crying

                        What's "LFL"??


                          United States
                          Member #111442
                          May 25, 2011
                          6323 Posts
                          Offline
                          Posted: March 16, 2012, 11:56 am - IP Logged

                          What's "LFL"??

                          Lucky for Life, a new game in the New England area.  Todd  had a thread on it a couple of days ago (13th), in the "News" forum.    Type


                            United States
                            Member #111442
                            May 25, 2011
                            6323 Posts
                            Offline
                            Posted: March 16, 2012, 12:01 pm - IP Logged

                            So much for my lotto predictions. Really did'nt expect anyone to win yet. Guess i'll just shut my mouth. BTW, whats with this guys first name Americo. Is he trying to fit in.

                            No don't ever keep your mouth shut,   Cussing Face    predictions is a big part of what LP is all about. Who knows there may not be another Jackpot for three

                            months.    Roll Eyes

                              dpoly1's avatar - driver
                              PA
                              United States
                              Member #66141
                              October 16, 2008
                              1672 Posts
                              Offline
                              Posted: March 16, 2012, 8:32 pm - IP Logged

                              They have 2 lottery machines where I purchase my tickets. Just to be sure, I purchased an extra ticket from the 2nd machine last nite!

                              dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                               

                              Eschew Poverty ........... Vote Conservative!