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NJ $338 million Powerball winner and ex-girlfriend in court over money

Topic closed. 83 replies. Last post 3 years ago by mypiemaster.

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JoeBigLotto's avatar - Lottery-049.jpg
melbourne , florida
United States
Member #121140
January 3, 2012
188 Posts
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Posted: November 12, 2013, 9:08 pm - IP Logged

Have been watching this Pedro of a guy and with my best opinion l think he should be in the tv show the Biggest losser instead. First of all with all that money if you can't make the woman closest to you happy after you won then maybe you lucky she didn't use cyanide like the other lady did to her husband . Am not trying to be mean to pedro just that he was a deadbeat dad b4 he won money which i can understand because money is hard to come by but a dead beat to your woman now that you got the money .Oh well a deadbeat always a deadbeat .looks like a deadbeat ,smiles like a deadbeat, always a deadbeat ,until police put out another arrest warrant always waiting for the last moment to pay up oh well Pedro pls grow up. its just that she doesn't seem like a crazy b..ch and she was very patient with you to even sign and collect the money. Hiding your money everywhere especially a third world country like dominican republic maybe somebody is there already smoking some fine weeds with your money calling you typical crazy yankee. At least make one woman happy the one closest to you no matter what she wants give it to her. The best thing you should have done the day you went on tv was say horny would you marry me and she will say yes off course. Then and then put half the money in your account and half in her account case closed thats how to be a real man because even if you get rid of her you will get a more crazy b..ch anyway expecially when everybody know you have money now . Maybe after you loss all your half in dominican republic maybe her half will keep you afloat she help keep you afloat for ten years and now you have the money and you are about to run like all deadbeat do . You remind me of the Blues brothers just remember the Blues brothers ended up in jail and i see you singing and entertaining inmates like that in near future because so far it seems like a messed up road and messed up road is not easy to ride on.So i hope you can sing and dance like the Blues brothers especially the fat one lol. Bash

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    New Member
    seagraves, tx
    United States
    Member #148810
    November 12, 2013
    2 Posts
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    Posted: November 12, 2013, 9:15 pm - IP Logged

    Can anybody help me out with lottery

      RJOh's avatar - chipmunk
      mid-Ohio
      United States
      Member #9
      March 24, 2001
      19895 Posts
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      Posted: November 12, 2013, 9:45 pm - IP Logged

      Can anybody help me out with lottery

      Just go to the forum that's about the type of games you like to play and you can read what others are doing to try and win.  Be prepared to lose some money. Good luck to you.

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

        Teddi's avatar - Lottery-008.jpg

        United States
        Member #142499
        May 13, 2013
        1203 Posts
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        Posted: November 13, 2013, 6:07 am - IP Logged

        $20 million missing??? I'm pretty sure the IRS will wants it share whether it's missing or not. And I doubt he paid all taxes on the $20 million $5million and the $57M sent to DR. Or perhaps he did and that's why he blew through a large portion of his money so soon. Who knows??? I'll just kick back and wait for the next story, I know there will be more to come soon.

        It's not missing, SHE can't find it. And she shouldn't. It isn't hers. Glad he was smart enough to stash some cash somewhere where others can't get to it. I've always said I'd take a chunk and hide it somewhere off the radar. The rest can be invested, spent, given away, whatever. But there will always be a stash somewhere that no one will know about and only I could get to it. Maybe he did a Walter White and dug a hole in the desert. It's only missing to her, not to him. 

        The IRS took their 25% off the bat. Before he saw a dime. He only has to pay the other 14.9% and he has more than enough left to cover that, regardless of where he hides or transfers the rest of it. That's his business. Not the IRS and not Ines.

          THRIFTY's avatar - great seal_obverse.jpg
          NEW YORK
          United States
          Member #90535
          April 29, 2010
          12094 Posts
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          Posted: November 13, 2013, 8:54 am - IP Logged

          Pedro Quezada will win the Powerball Jackpot again with a $2 Powerball Quick Pick Ticket. Good Luck Pedro.

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          PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

            OldSchoolPa's avatar - Lottery-057.jpg
            Gurnee, Illinois
            United States
            Member #49731
            February 12, 2007
            919 Posts
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            Posted: November 13, 2013, 8:58 am - IP Logged

            The IRS does not care how you spend your money as long as you pay appropriate initial tax and any applicable gift tax for amounts over the limit.

            Please note that the emphasis is on "the IRS does not care how you SPEND..."  They do not care how you INVEST your money, but they do care that you pay your taxes on any dividends and capital gains.  When you file your income tax return, they do not request you give a bank ledger accounting of how you spent that income...but if you gave away gifts of cash that exceed the annual per person limit, you will need to pay gift tax.  If he merely transferred his cash to the DR and then relinquishes his US citizenship, he will not have to worry about the IRS. But if he invests his money in the DR and achieves a return on that investment, the IRS will be expecting their portion of taxes. Perhaps this is oversimplifying the issue and one should definitely consult with a tax attorney / tax accountant to ensure all bases are covered.

            Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

            The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

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              NY
              United States
              Member #23835
              October 16, 2005
              3502 Posts
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              Posted: November 14, 2013, 12:11 am - IP Logged

              Forensic accountants are used whenever one party wants to find the total assets of another party. Doesn't have to be spouses and doesn't have to be divorce related. She doesn't need to be a spouse or even an ex-spouse. She wants his money. She's going to try to prove she's entitled to a share of his money, her side of the aisle will do their level best to determine how much she can conceivably get, and they're going to want to know where it all is. That's simply due diligence on her lawyer's part.  Seems pointless to me since I personally don't think she is entitled to a penny, but she can use those findings to significantly up her child support payments later on. I'm sure that will be the first thing she will do once she loses this case.

              Forensic accountants can be useful for figuring out how much somebody has spent when there's not a clear paper trail, or if they're concealing income. If these two were trying to work out a divorce settlement and a forensic accountant could establish that he had spent a few million on a mistress or had a few milllion in income he didn't tell her about it could help her get a bigger settlement.

              For their situation there's probably no reason to use a forensic accountant. It's only been a year since he won, and he hasn't been cooking the books to conceal income or spending from a wife who's clearly entitled to a share of the marital assets. First she needs to establish that she's entitled to something, and then she needs to find out where the money is if he isn't cooperative about paying whatever settlement might be reached. That's why her attorney's first order of business was attempting to have the assets frozen. If he's uncooperative about paying a settlement, you can be sure that her lawyers will assume the money is simply hidden, not gone. They'll go looking for it, but it won't be a forensic accountant that's useful for finding it.

              "He only has to pay the other 14.9%"

              He also has to pay the balance of the NJ income tax on it. I think NJ withholding is only about 3%, so his remaining tax bill is probably a bit over 20%. Of course he's a lot less likely to try and hide that from the IRS than he is to try and hide money from the ex.

                Avatar
                NY
                United States
                Member #23835
                October 16, 2005
                3502 Posts
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                Posted: November 14, 2013, 12:19 am - IP Logged

                Please note that the emphasis is on "the IRS does not care how you SPEND..."  They do not care how you INVEST your money, but they do care that you pay your taxes on any dividends and capital gains.  When you file your income tax return, they do not request you give a bank ledger accounting of how you spent that income...but if you gave away gifts of cash that exceed the annual per person limit, you will need to pay gift tax.  If he merely transferred his cash to the DR and then relinquishes his US citizenship, he will not have to worry about the IRS. But if he invests his money in the DR and achieves a return on that investment, the IRS will be expecting their portion of taxes. Perhaps this is oversimplifying the issue and one should definitely consult with a tax attorney / tax accountant to ensure all bases are covered.

                "If he merely transferred his cash to the DR and then relinquishes his US citizenship, he will not have to worry about the IRS."

                No matter what he does, he doesn't have to worry about the IRS if he pays his taxes. Even if he renounces his US citizenship he can expect to continue paying US income taxes for another 10 years. That he returned to his native land may help, but after clearing at least $50 million (assuming he loses 1/2 of the after-tax net to the ex), it's going to be very hard to convince authorities that he renounced his citizenship for reasons other than the taxes on future earnings.

                  Teddi's avatar - Lottery-008.jpg

                  United States
                  Member #142499
                  May 13, 2013
                  1203 Posts
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                  Posted: November 14, 2013, 9:50 pm - IP Logged

                  Forensic accountants can be useful for figuring out how much somebody has spent when there's not a clear paper trail, or if they're concealing income. If these two were trying to work out a divorce settlement and a forensic accountant could establish that he had spent a few million on a mistress or had a few milllion in income he didn't tell her about it could help her get a bigger settlement.

                  For their situation there's probably no reason to use a forensic accountant. It's only been a year since he won, and he hasn't been cooking the books to conceal income or spending from a wife who's clearly entitled to a share of the marital assets. First she needs to establish that she's entitled to something, and then she needs to find out where the money is if he isn't cooperative about paying whatever settlement might be reached. That's why her attorney's first order of business was attempting to have the assets frozen. If he's uncooperative about paying a settlement, you can be sure that her lawyers will assume the money is simply hidden, not gone. They'll go looking for it, but it won't be a forensic accountant that's useful for finding it.

                  "He only has to pay the other 14.9%"

                  He also has to pay the balance of the NJ income tax on it. I think NJ withholding is only about 3%, so his remaining tax bill is probably a bit over 20%. Of course he's a lot less likely to try and hide that from the IRS than he is to try and hide money from the ex.

                  Let's try this again. Her point is that they had a business as well as long term personal relationship where they split everything like a married couple. whether or not her claim is valid (I say it isn't) it's still her claim, and her contention is that she is entitled to a significant chunk of that $$. 

                  If she feels that money is at least partly hers, she's going to want to know where it is so she can go after it. She isn't going to simply take his word about where it went or what is left. Hence the forensic accountant. It doesn't matter what their situation actually is, it's about what she THINKS it is. She doesn't need to be able to prove anything to track down the money, proving only has to come into into play once she tries to claim it. 

                  Who cares if the taxes are are an extra 3% when state is tacked on. 3, 5 or 8 percent, he still has enough left to cover the tax bill, and that's the point. I see nothing saying that he's broke. Simply that he's been shuffling his money around, which is his prerogative to do.

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                    NY
                    United States
                    Member #23835
                    October 16, 2005
                    3502 Posts
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                    Posted: November 15, 2013, 9:25 am - IP Logged

                    Let's try this again. Her point is that they had a business as well as long term personal relationship where they split everything like a married couple. whether or not her claim is valid (I say it isn't) it's still her claim, and her contention is that she is entitled to a significant chunk of that $$. 

                    If she feels that money is at least partly hers, she's going to want to know where it is so she can go after it. She isn't going to simply take his word about where it went or what is left. Hence the forensic accountant. It doesn't matter what their situation actually is, it's about what she THINKS it is. She doesn't need to be able to prove anything to track down the money, proving only has to come into into play once she tries to claim it. 

                    Who cares if the taxes are are an extra 3% when state is tacked on. 3, 5 or 8 percent, he still has enough left to cover the tax bill, and that's the point. I see nothing saying that he's broke. Simply that he's been shuffling his money around, which is his prerogative to do.

                    If she's entitled to any of the money she may need to locate it, but that's not a job for an accountant. What exactly do you think an accountant is going to do for her? What is it about his expenditures that will matter?

                      rdgrnr's avatar - walt
                      Way back up in them dadgum hills, son!
                      United States
                      Member #73904
                      April 28, 2009
                      14903 Posts
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                      Posted: November 15, 2013, 11:21 pm - IP Logged

                      Have been watching this Pedro of a guy and with my best opinion l think he should be in the tv show the Biggest losser instead. First of all with all that money if you can't make the woman closest to you happy after you won then maybe you lucky she didn't use cyanide like the other lady did to her husband . Am not trying to be mean to pedro just that he was a deadbeat dad b4 he won money which i can understand because money is hard to come by but a dead beat to your woman now that you got the money .Oh well a deadbeat always a deadbeat .looks like a deadbeat ,smiles like a deadbeat, always a deadbeat ,until police put out another arrest warrant always waiting for the last moment to pay up oh well Pedro pls grow up. its just that she doesn't seem like a crazy b..ch and she was very patient with you to even sign and collect the money. Hiding your money everywhere especially a third world country like dominican republic maybe somebody is there already smoking some fine weeds with your money calling you typical crazy yankee. At least make one woman happy the one closest to you no matter what she wants give it to her. The best thing you should have done the day you went on tv was say horny would you marry me and she will say yes off course. Then and then put half the money in your account and half in her account case closed thats how to be a real man because even if you get rid of her you will get a more crazy b..ch anyway expecially when everybody know you have money now . Maybe after you loss all your half in dominican republic maybe her half will keep you afloat she help keep you afloat for ten years and now you have the money and you are about to run like all deadbeat do . You remind me of the Blues brothers just remember the Blues brothers ended up in jail and i see you singing and entertaining inmates like that in near future because so far it seems like a messed up road and messed up road is not easy to ride on.So i hope you can sing and dance like the Blues brothers especially the fat one lol. Bash

                      " l think he should be in the tv show the Biggest losser..."

                      I think he should be on The Biggest Looser.

                        mypiemaster's avatar - 2015021003pileofcash
                        JACKPOT HUNTER

                        United States
                        Member #141034
                        April 2, 2013
                        1419 Posts
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                        Posted: November 17, 2013, 3:39 pm - IP Logged

                        Even as a protagonist on "The Biggest Loser" here in the USA, with $57M in the DR, he will be known as, His Royal Highness Pedro Quezada Hat Drum.

                        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****

                          JoeBigLotto's avatar - Lottery-049.jpg
                          melbourne , florida
                          United States
                          Member #121140
                          January 3, 2012
                          188 Posts
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                          Posted: November 17, 2013, 5:17 pm - IP Logged

                          Not really I can be his royal highness too in dominican republic with only $10 and I can even make a woman happy with only $5 it is a cheap place. Pedro can't even satisfy his girlfriend both in and out of bedroom with $57m that's why he sucks. Lol

                            JoeBigLotto's avatar - Lottery-049.jpg
                            melbourne , florida
                            United States
                            Member #121140
                            January 3, 2012
                            188 Posts
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                            Posted: November 17, 2013, 5:54 pm - IP Logged

                            Even as a protagonist on "The Biggest Loser" here in the USA, with $57M in the DR, he will be known as, His Royal Highness Pedro Quezada Hat Drum.

                            By the tme he gets done wth the new jersey justice mess his royal highness is about to get a fine royal haircut.Shocked

                              THRIFTY's avatar - great seal_obverse.jpg
                              NEW YORK
                              United States
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                              April 29, 2010
                              12094 Posts
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                              Posted: November 18, 2013, 1:58 pm - IP Logged

                              He bought a $300K house?  $590M Powerball Winner Gloria MacKenzie Bought a $1.175 Million Home. The house is located in a gated golf course community.

                              http://m.huffpost.com/us/entry/3619609/

                              US Flag

                              PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!