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Twelve things not to do if you win the lottery

Topic closed. 126 replies. Last post 3 years ago by fastball 9.

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Posted: August 27, 2013, 12:01 pm - IP Logged

Well, you're wrong.  Lottery tickets are bearer instruments.  If someone were to obtain a lottery ticket illegally, like through theft, and that theft could be proven, then most certainly the person could be arrested and they would not be paid the jackpot.  But that's because theft is a crime, and has absolutely nothing to do with the fact that lottery tickets are bearer instruments, which they are.

So if someone finds a winning ticket (as mentioned in the article) they can walk in to the lottery office and say "I found this winning ticket" and the lottery will cash it no questioned asked? I don't think so. 

No disrespect intended, but I think they "barer instruments" only in a technical sense.

    RJOh's avatar - chipmunk
    mid-Ohio
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    Posted: August 27, 2013, 12:08 pm - IP Logged

    So if someone finds a winning ticket (as mentioned in the article) they can walk in to the lottery office and say "I found this winning ticket" and the lottery will cash it no questioned asked? I don't think so. 

    No disrespect intended, but I think they "barer instruments" only in a technical sense.

    By admitting they found it, they are admitting it doesn't belong to them and they are simply turning it in.  The only thing a person doing that can expect is a reward from the owner of the ticket.

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


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      Posted: August 27, 2013, 12:15 pm - IP Logged

      By admitting they found it, they are admitting it doesn't belong to them and they are simply turning it in.  The only thing a person doing that can expect is a reward from the owner of the ticket.

      Ok, I see your point. I will be sure NOT to say that I found it when I go to collect the winning jackpot ticket that I find. I was mislead by the words "anyone (can) collect on" that I read in the story.

        helpmewin's avatar - dandy
        u$a
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        Posted: August 27, 2013, 12:28 pm - IP Logged

        Ok, I see your point. I will be sure NOT to say that I found it when I go to collect the winning jackpot ticket that I find. I was mislead by the words "anyone (can) collect on" that I read in the story.

        mislead by the wordsGreen laughsign you ticket!


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          Posted: August 27, 2013, 12:39 pm - IP Logged

          mislead by the wordsGreen laughsign you ticket!

          IMA find one that is a big winner and sign someone else's ticket with my name.

            helpmewin's avatar - dandy
            u$a
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            Posted: August 27, 2013, 12:46 pm - IP Logged

            IMA find one that is a big winner and sign someone else's ticket with my name.

            you just broke 2 of the 12 things not to do Hurray!

            Tell everyone you know then you should Buy everything for everyone.

              fwlawrence's avatar - Yavill
              Austin
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              Posted: August 27, 2013, 1:32 pm - IP Logged

              So if someone finds a winning ticket (as mentioned in the article) they can walk in to the lottery office and say "I found this winning ticket" and the lottery will cash it no questioned asked? I don't think so. 

              No disrespect intended, but I think they "barer instruments" only in a technical sense.

              When I went to fill out the paperwork at the Texas Lottery yesterday, they had a space on the form you can check off if you actually found the ticket!


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                Posted: August 27, 2013, 5:07 pm - IP Logged

                When I went to fill out the paperwork at the Texas Lottery yesterday, they had a space on the form you can check off if you actually found the ticket!

                Somehow I'm not surprised. One can only wonder what sort of crime you might commit if you find a winning ticket and DON'T check the box stating that you did if fact find the ticket?

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                  Kentucky
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                  Posted: August 27, 2013, 5:22 pm - IP Logged

                  Ok, I see your point. I will be sure NOT to say that I found it when I go to collect the winning jackpot ticket that I find. I was mislead by the words "anyone (can) collect on" that I read in the story.

                  When is one of the real jackpot winners going to tell us "what not to do" and maybe outline the process of validating a ticket?

                  Because of the Hot Lotto problem Iowa had, we know for fact that states requires the winner to verify they bought the ticket or have the person that did buy the ticket come forward and explain the circumstances. If anyone can collect, why wasn't Crawford Shaw, the 77-year-old lawyer from Bedford, New York paid the Hot Lotto jackpot?.


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                    Posted: August 27, 2013, 5:26 pm - IP Logged

                    When is one of the real jackpot winners going to tell us "what not to do" and maybe outline the process of validating a ticket?

                    Because of the Hot Lotto problem Iowa had, we know for fact that states requires the winner to verify they bought the ticket or have the person that did buy the ticket come forward and explain the circumstances. If anyone can collect, why wasn't Crawford Shaw, the 77-year-old lawyer from Bedford, New York paid the Hot Lotto jackpot?.

                    My understanding is that he was supposed to prove the ticket was purchased "legally" in order for the "barer instrument" to be honored by the state.

                      mypiemaster's avatar - 2015021003pileofcash
                      JACKPOT HUNTER

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                      Posted: August 27, 2013, 5:39 pm - IP Logged

                      Bearer instrument is actually a misnomer. It almost sounds like finders keepers. YOU can purchase a winning ticket, and some fool calls the lottery ahead of time, and claims they had the ticket and lost it. The lottery will make you jump through hoops just to collect your money. Maybe we should all start wearing GO-PROS when we go to purchase our tickets.

                      Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

                      Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

                        mypiemaster's avatar - 2015021003pileofcash
                        JACKPOT HUNTER

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                        Posted: August 27, 2013, 5:44 pm - IP Logged

                        When is one of the real jackpot winners going to tell us "what not to do" and maybe outline the process of validating a ticket?

                        Because of the Hot Lotto problem Iowa had, we know for fact that states requires the winner to verify they bought the ticket or have the person that did buy the ticket come forward and explain the circumstances. If anyone can collect, why wasn't Crawford Shaw, the 77-year-old lawyer from Bedford, New York paid the Hot Lotto jackpot?.

                        Most lotteries have the claim forms readily available for you to download and see first hand for yourself, or you can go to the office and pick one up.

                        Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

                        Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

                          mypiemaster's avatar - 2015021003pileofcash
                          JACKPOT HUNTER

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                          Posted: August 27, 2013, 5:55 pm - IP Logged

                          Its unfortunate that nobody, even talks about taking the annuity, instead of the lump sum anymore. If you are young, and the jackpot is large enough, taking the annuity route might actually be a wise choice. At least you have 26-30 years, before you actually go broke. Most people outgrow their stupidity within the first five years. Better than paying some SUIT AND TIE, you don't know, thousands of dollars to manage your money. Hmm maybe I should take the annuity and use my drinking buddies. To each his own.Yes Nod

                          Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

                          Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****


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                            Posted: August 27, 2013, 5:56 pm - IP Logged

                            When is one of the real jackpot winners going to tell us "what not to do" and maybe outline the process of validating a ticket?

                            Because of the Hot Lotto problem Iowa had, we know for fact that states requires the winner to verify they bought the ticket or have the person that did buy the ticket come forward and explain the circumstances. If anyone can collect, why wasn't Crawford Shaw, the 77-year-old lawyer from Bedford, New York paid the Hot Lotto jackpot?.

                            Apparently there is still an ongoing criminal investigation. I will forward the story I found to Todd.


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                              Posted: August 27, 2013, 5:59 pm - IP Logged

                              Its unfortunate that nobody, even talks about taking the annuity, instead of the lump sum anymore. If you are young, and the jackpot is large enough, taking the annuity route might actually be a wise choice. At least you have 26-30 years, before you actually go broke. Most people outgrow their stupidity within the first five years. Better than paying some SUIT AND TIE, you don't know, thousands of dollars to manage your money. Hmm maybe I should take the annuity and use my drinking buddies. To each his own.Yes Nod

                              Maybe you should get "I want cash now" on speed dial before even get to the lottery office?