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Baltimore man, 81, loses his home after falling for lottery scam

Topic closed. 95 replies. Last post 4 years ago by helpmewin.

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Westfield, MA
United States
Member #132920
September 15, 2012
51 Posts
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Posted: March 8, 2013, 12:08 am - IP Logged

Hi Artist77,

 

I agree, some people are desperate, this guy is poorer now, but he did lose his wife. So, he may not grab the line again. He has lost his main incentive. Of course, I could be wrong...

 

Thanks, and nice to meet you also.

Sincerely,

Joe

    HaveABall's avatar - rocket

    United States
    Member #72448
    March 18, 2009
    1228 Posts
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    Posted: March 8, 2013, 6:27 am - IP Logged

    Such a sad story! It's a good thing though that he is doing something proactive with his misfortunes.

    On another note...

    Welcome, JoeCanWin!

    HaveABall, great advice! Thanks! Can you expand on this:

    "Decide at which, net, millions dollar amount rollovers how many 18+ year-old people you'd care to add their name on your claim form, as either equal % or lesser % co-winners [never a good idea to flood them with monies after you've been paid by lottery headquarters -- when projecting future death tax/estate taxes ... why pay high tax% on something that you already paid high tax% to receive years earlier?  Plan for NO to double taxations spread years apart];"

    You're welcome, megan81.  Per your request, I'll attempt to expand, philosophically on the two different ideas in the paragraph above, below:

    If one prefers that they become the type of person who doesn't need to spend more than $5M over the remainder of their life, they (like me), might do the following upon winning the jackpot of either the MM or PB.  Create a notebook that indicates which 18+ year-old people you would like to share your jackpot win -- making them the co-winner name appearing on BOTH the ticket and the claim form (or create a C-Corporation with your name plus theirs, might be legal, even with under 18 year-old children that aren't your own children/dependants/adopteds).  [Your list gets longer, depending upon the net amount of that particular jackpot (if you look at past receivers these past 5 years of MM and PB jackpots, nobody has taken the higher annuity amount, all has been lump sum, one-time receivals).  Of course, at some point, perhaps 2-6 people, you cease adding loved one's names to the list of your 'co-winners.']  Keep the math simple, go to USAmega.com and hover over the amount box to see the apx. lump-sum amount.  Then deduct a conservative 48% ... this final, net dollar amount will let you see how many people you can easily, for example, give a % (equal or less then your own that you write on the lottery's claim form 'breakdown section').  My favorite, minimum amount to give one of my list's "co-winners" is at least $3M net; even if it means that I only get to keep remainder $3M net too.  For higher jackpots, I add an additional person, as long as we each net at least $3M.  Importantly, none of these people on my list knows that they are on my list (I don't want them to become regular weekly gamblers, and I don't want them to guess, incorrectly, that I want them to create their own "co-winner" list that contains my name on the #1 or #2 'top-of-brain' slot).   I would, certainly prefer to, personally receive at least $3.5M net though.

    Second thought/philosophy, expanded, is:  why should MM or PB jackpot winners get involved with "after-their-claim form" "official Gifting people monies" up to the regularly changing IRS Gifting Guidelines (currently $5.25M max within their lifetime, not after death)!  Instead, my plan [since it's a philosophy, I'm okay with if nobody else agrees; even my beloved co-winner(s)] is to create co-winners on my claim form (give them permission to keep it, spend it all, or both ... even inform them that they should return to me if they are parted from the monies and I will help/house/feed them), die with either my near beginning net $3M+ [yet under the current $5.25M max threshold before either Federal or State Estate Taxes are applied at high 40% rate on the lottery winnings and after-tax investment profits which I already paid high taxes on in order to receive those monies] which would leave 1 person an inheritance, OR only perhaps $15K to cover my: trust lawyer, cremation, wake, funeral, burial, tombstone date engraver, and wake/funeral-luncheons).  This is the good 'ole "die with savings" philosophy under the IRS's death tax withdrawal threashold (currently, also, $5.25M ... yet be careful, as our House and Senate can agree to increase or decrease any year ... OR "die-near broke" philosophy that some folks, at any age appreciate).  Now the math: in the above paragraph, we subtracted a conservative 48% for jackpot lottery win income taxes.  The reason why we don't want to 'later officially IRS gift' over $5.25M is because I'd pay (never the receiver, unless arranged via the appripriate IRS form, but isn't that a slap in the face to the receiver since I already paid taxes to receive the monies and they'd be paying about the same tax again since they are a different receiver, it's a wierd/mean double tax) the Fed 40% in 'Over Gifting tax penalties!!!  On monies that I ALREADY paid income taxes on when I won the jackpot year(s) earlier ... mean double taxation, I despise our mean Federal lawmaker's century-long larceny.

    Well, now you've heard more than enough of one MM and PB lottery jackpot win dreamer's philosophies of 'divvying up' the monies so that my co-winner(s) has an IMMEDIATE nice 'financial nut' and doesn't have to be stressfully, hoping that I keep loving, living, and thus showering them with cash throughout their 'peaks-and-valleys' lifetime.

    Lastly, megan81, this philosophy works best if I decide that it is okay if my officially claim formed, co-winners gleefully accept the money and run into their dreams never looking back or contacting me again during their lifetime(s).  By the way, the above isn't spiritual or a religion; simply a philosophy.

    Finally, if I, for example, instead, wanted to grow a: billion dollar financial account, big business, "regularly IRS Gift someone so that they 'stay-loving-me,' 'become-my-slave,' become-dependant-on-me,' or own multiple mansions/islands/gem mining companies, the entire above doings would be TERRIBLE/DEFEATING processes!  Upon learning of your jackpot win, quickly schedule long meetings with successful Tax Attorneys who work in the state you purchased your winning ticket in, and brainstorm your goals with them.  Quickly hire the best listener/most creative IRS Guidelines-finesing-to-your-custom-goal one!  Only afterwards should you complete the back of your lottery ticket and claim form (because lottery headquarters don't allow modifications afterwards).

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

    Disney

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      Texas
      United States
      Member #132455
      September 4, 2012
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      Posted: March 8, 2013, 6:27 am - IP Logged

      We need to be careful to avoid scammers! We have to keep in mind that if we didn't bet lottery in such area, there's no reason for us to win. So, we shouldn't be sending money just to claim the prize.


        United States
        Member #116268
        September 7, 2011
        20244 Posts
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        Posted: March 8, 2013, 10:24 am - IP Logged

        We need to be careful to avoid scammers! We have to keep in mind that if we didn't bet lottery in such area, there's no reason for us to win. So, we shouldn't be sending money just to claim the prize.

        I Agree! And remember that scammers can promise many different things, base on a persons needs. I have received many phone calls of promise over the years in exchange for cash. Never sent cash though.

          mjoyg1123's avatar - candle
          NYC
          United States
          Member #119024
          November 13, 2011
          826 Posts
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          Posted: March 8, 2013, 12:11 pm - IP Logged

          The nerve of some people to bother the elderly and take advantage of them!

          Karma WILL get these scammers and when it happens it aint gonna be pretty,

          thats for sure!

            RJOh's avatar - chipmunk
            mid-Ohio
            United States
            Member #9
            March 24, 2001
            19831 Posts
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            Posted: March 8, 2013, 12:13 pm - IP Logged

            We need to be careful to avoid scammers! We have to keep in mind that if we didn't bet lottery in such area, there's no reason for us to win. So, we shouldn't be sending money just to claim the prize.

            We have to be equally careful of family, friends and neighbors who come out with hair brain schemes to scam us of our money too. 

            I'm always surprised when the people we have no reason to think are crooks are crooks and think we are as dumb as rocks because we've  saved some money and they haven't and they want to spend it.

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

              Tenaj's avatar - michellea
              Charlotte NC
              United States
              Member #17406
              June 18, 2005
              4053 Posts
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              Posted: March 8, 2013, 12:39 pm - IP Logged

              It's said that you won't get scammed if you didn't expect to get something for nothing, but there are elderly people who are just lonely and want to talk to anyone or have someone to pay attention to them.

              takeemtothebank

                haymaker's avatar - Lottery-012.jpg
                Egg Harbor twp.south Jersey shore
                United States
                Member #112968
                June 29, 2011
                3856 Posts
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                Posted: March 8, 2013, 1:58 pm - IP Logged

                I'm the same way now. If I see a number I don't recognize, I either reject the call or just let it ring until voicemail picks up. I've been getting a lot of calls from "Cardholder Services" and other such scammers. They seem to hop from number to number and area code to area code. Sometimes I get several of them a day. If you answer once, they never leave you alone.

                Check out 800notes.com

                you can enter the phone # and see if others are getting the same call.

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

                  megan81's avatar - 1348597904
                  NJ
                  United States
                  Member #133269
                  September 25, 2012
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                  Posted: March 8, 2013, 2:19 pm - IP Logged

                  Hi Megan,

                  Very nice to meet you Megan :)   

                  Thanks for some advice also. If I'm correct I'll need it by summer. I'll explain more about why later in a post. I like MM and Powerball, but haven't won more than $50 from any one ticket at any one time in all the years I have been playing. Oh, I forgot to tell "HaveABall" (so I'll tell you) I have been playing the same numbers since 1996 for Megamillions. Also, I've been playing the same number for Powerball since 1997.  I have NOT missed a drawing for MegaMillions yet! Bed time for me, school in the morning (I'm an old college student in my last semester at the local community college).

                   

                  Bye now, and thanks again :)

                   

                  Sincerely,

                  Joe

                  Stay focused on school (I'm in school, too--graduate school)!!! I hope your major is in finances, especially if you're planning on winning the MM or PB lottery jackpots :)

                    megan81's avatar - 1348597904
                    NJ
                    United States
                    Member #133269
                    September 25, 2012
                    47 Posts
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                    Posted: March 8, 2013, 2:23 pm - IP Logged

                    HaveABall---

                    WOW! Thank you!!! Nice Philosophy!!! I appreciate you taking the time to explain this to me in detail!

                      dpoly1's avatar - driver
                      PA
                      United States
                      Member #66141
                      October 16, 2008
                      1672 Posts
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                      Posted: March 8, 2013, 3:50 pm - IP Logged

                      Like most people, I need extra money, but I don't take from others.

                      This is sad.

                      Mad

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

                       

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

                        RedStang's avatar - tallman zps6gf4inoc.jpg
                        NY
                        United States
                        Member #121961
                        January 21, 2012
                        3157 Posts
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                        Posted: March 8, 2013, 9:19 pm - IP Logged

                        I Agree! And remember that scammers can promise many different things, base on a persons needs. I have received many phone calls of promise over the years in exchange for cash. Never sent cash though.

                        Right. They said i won a case of Red Stripe but had to send $500 for shipping.

                          Avatar
                          Westfield, MA
                          United States
                          Member #132920
                          September 15, 2012
                          51 Posts
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                          Posted: March 8, 2013, 10:11 pm - IP Logged

                          Congratulations on joining, JoeCanWin.  We members have a lot to write, some is accurate and some hasn't been triple checked for accuracy before being typed.

                          The main ideas, for someone newly committed to playing the two largest, multi-state on-line lottery games here in the good 'ole U. S. of A. are:

                          - Don't spend more than $45/month to participate in 1 row, for every drawing;

                          - Allow two weeks to pass before submitting your claim form with your winning lottery jackpot ticket, allow up to another 6 weeks to receive the electronic transfer into your checking/financial account (in case your or a co-winner's social security # is encumbered by: back property taxes, past IRS fees, spousal support, child support, judgements, pre-paid food-stamps debit card electronic transfer, etc. -- which the lottery headquarters pays before also deducting high partial federal income taxes, state income taxes, and municipality income taxes.  Certainly don't be sad and cheap about it, just be glad that the lottery headquarters is making all those final payments and charity services cancellations on your behalf at no additional cost or anxiety to you.)  If you find that you still owe a debt/overpayment that was missed, pay it immediately before spending monies on entertainments/furnitures/housings/transportations.

                          - Consider it a multi-year playing endeavor (that's what most of the jackpot winners report as their participation);

                          - After you win a jackpot, cease playing to win later on-line jackpots (nobody/syndicate has ever won jackpot of two or both the MM or PB on-line lotteries).  Be happy for other people to win the MM and PB jackpots.  Don't seek out past MM and PB jackpot winners to get financial advice (their winning streak may have ended or they could reveal your name to the press);

                          - Decide at which, net, millions dollar amount rollovers how many 18+ year-old people you'd care to add their name on your claim form, as either equal % or lesser % co-winners [never a good idea to flood them with monies after you've been paid by lottery headquarters -- when projecting future death tax/estate taxes ... why pay high tax% on something that you already paid high tax% to receive years earlier?  Plan for NO to double taxations spread years apart];

                          - Screen all phone calls, that you don't recognize, to voicemail.  If the caller is legit, the person will leave a message ... eventually.  Later, you should peruse messages and decide which to return.  Hint, don't accept free trips, free air tickets, calls from officials indicating that they have no friends and are therefore calling you to help them do something illegal within their job, such as transporting a dead/dying person's monetary funds or stocks to your name and you paying fees or wiring a % with them as a fraud team partner;

                          - When you win the on-line game, don't tell friends/family-children (that way they don't accidentally tell other blabbermouths, which could burn you rapidly), try to claim anonymously, excuse yourself from the place your ticket was purchased, any lottery retailer's checking machines, AND meet-the-media event(s), or ask your lawyer to check if they'd be allowed to attend the meet-the-media event in your place (if your lottery headquarter's has made manditory) and possibly write a matching trust's name on the back of the ticket AND the claim form; and

                          - Unceasingly work to enjoy the present day and all that it brings, even if it's not yet a big lottery win. Banana

                          Call me crazy but If I win a JP I will keep on playing, not sure why but I think I will. I have no kids, no wife/ex-wife, not even a girlfriend now. So, the money is about 60% all mine (Uncle Sam wants his share). I'm tempted to build a huge mansion, but then the property taxes would be... ouch! I thought about paying lawyers and accountants too, but they might want a big bite. Will they want more than they are worth? I wish someone actually knew this stuff. I figure, tell only the ones I have to, my relatives will have to know. The media (I live in MA) so I have no chance at being anonymous with my win. I just figure, don't hire all those legal people, save that money and just pay the taxes I will have to pay anyway. My simple way may be easier for me. Will it cost me more? I don't know. But it will be less stressful. I say thatbecause I don't look forward to meeting people that want $100+ or even $200+ an hour just to talk to me about MY money. I'd rather just pay up (The taxes). I won't invest in the stock market. I have 0 faith in that. Why? Because I'm not some Wallstreet insider. I'd rather just put my $$ in the bank and open my little restaurant. And, Never, ever, put it ALL on the line. Could be a huge mistake. The good news, I don't drink or smoke, or do illegal drugs. (I'm gettin old). So I won't do the stupid stuff I would have done had I won when I was younger (or like buying a jet or helicopter, you know, the big toys). I think that  thinking about what to do with a lot of won Lottery money, in case I ever win a lot is a good idea. I have also read a lot of Lottery winners horror stories, so them ruining their lives won't be totally in vain, I'm sure I'm not the only one to take head from their mistakes. I will avoid a lot of pitfalls by thinking ahead. Ok, I dreamed enough for 1 day.

                            HaveABall's avatar - rocket

                            United States
                            Member #72448
                            March 18, 2009
                            1228 Posts
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                            Posted: March 9, 2013, 2:06 am - IP Logged

                            Call me crazy but If I win a JP I will keep on playing, not sure why but I think I will. I have no kids, no wife/ex-wife, not even a girlfriend now. So, the money is about 60% all mine (Uncle Sam wants his share). I'm tempted to build a huge mansion, but then the property taxes would be... ouch! I thought about paying lawyers and accountants too, but they might want a big bite. Will they want more than they are worth? I wish someone actually knew this stuff. I figure, tell only the ones I have to, my relatives will have to know. The media (I live in MA) so I have no chance at being anonymous with my win. I just figure, don't hire all those legal people, save that money and just pay the taxes I will have to pay anyway. My simple way may be easier for me. Will it cost me more? I don't know. But it will be less stressful. I say thatbecause I don't look forward to meeting people that want $100+ or even $200+ an hour just to talk to me about MY money. I'd rather just pay up (The taxes). I won't invest in the stock market. I have 0 faith in that. Why? Because I'm not some Wallstreet insider. I'd rather just put my $$ in the bank and open my little restaurant. And, Never, ever, put it ALL on the line. Could be a huge mistake. The good news, I don't drink or smoke, or do illegal drugs. (I'm gettin old). So I won't do the stupid stuff I would have done had I won when I was younger (or like buying a jet or helicopter, you know, the big toys). I think that  thinking about what to do with a lot of won Lottery money, in case I ever win a lot is a good idea. I have also read a lot of Lottery winners horror stories, so them ruining their lives won't be totally in vain, I'm sure I'm not the only one to take head from their mistakes. I will avoid a lot of pitfalls by thinking ahead. Ok, I dreamed enough for 1 day.

                            Once one notices that their ticket has won the jackpot, they would quickly seek out a few Tax Attorneys for free consultations.  If a few of these tax attorneys have no interest in a big jackpot winner's fine topics and questions, there are a few others who will do it for free ... and even enjoy the opportunity to discuss tax law during the free consultations/brainstorming hour. 

                            Besides, it's the ultimate conversation, idea mongering.  Most intelligent, creative, dreams sharing tax attorneys would understand that they would later get paid when you were forced to return to invoke their thrilling-to-you-ideas into your: joined plans on paper, then soon estate will and trust planning, whether to buy a house(s), car(s), umbrella insurance, in your name or corporation name, separately or together, for lowest liability or whatever reasons your tax attorney enlightens you with.  You'd gladly pay them $3.5K, or so, to jointly perform all the trust funding efforts within your first 10 or so months of winning, since it's necessary, yet hugely wordy and papery stuff that keeps one out of probate upon death (we all die, why not have the ultimate plan already in place, so that the estate executor merely has to read one's orderly list of bulleted items to invoke).  Only hire someone that you like very much, and appears to enjoy adjusting your ideas to the best advantage to the tax laws; as you'd probably also hire them to co-prepare/advise/plan your annual tax returns for the remainder of your life.

                            Cheers

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

                            Disney

                              boxofrox's avatar - Lottery-016.jpg

                              United States
                              Member #45361
                              August 19, 2006
                              556 Posts
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                              Posted: March 11, 2013, 12:28 am - IP Logged

                              The nerve of some people to bother the elderly and take advantage of them!

                              Karma WILL get these scammers and when it happens it aint gonna be pretty,

                              thats for sure!

                              I Agree!

                              Sun Smiley