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Powerball winner dies penniless, 12 years after winning $27 million

Topic closed. 82 replies. Last post 3 years ago by fwlawrence.

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DDOH937's avatar - Lottery-062.jpg

United States
Member #149596
December 4, 2013
208 Posts
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Posted: December 4, 2013, 11:50 am - IP Logged

Exactly Gleno. "We are not to judge lest we be judged". Our demons are and can be POWERFUL. Without good family, friends and stable social support. We are, whether we know it or not, easily susceptable to having our demons overcome us. Let's all lottery players and believers ssend a prayer out for him and for future winners....ourselves included!!!

"It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy." - George Lorimer

    RedStang's avatar - tallman zps6gf4inoc.jpg
    NY
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    Member #121961
    January 21, 2012
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    Posted: December 4, 2013, 12:21 pm - IP Logged

    Except for the drugs, he did everything right. You might die tomorrow. Enjoy it while you can. You'll probably be forgotten anyways. No surprise his daughter is only worried about the money.

      DDOH937's avatar - Lottery-062.jpg

      United States
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      December 4, 2013
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      Posted: December 4, 2013, 12:46 pm - IP Logged

      Except for the drugs, he did everything right. You might die tomorrow. Enjoy it while you can. You'll probably be forgotten anyways. No surprise his daughter is only worried about the money.

      Red: You know, i'm actaully inclined to agree with you. The drugs is what did him in, not the excessive spending. And considered that he had back/pain issues from an accident PRIOR to winning. It really isn't that surprising he ended up a fein huh? I've seen post critical of his jet purchase, cars and taste ect. but really who cares. He had the right to blow his money on stuff if he wanted. Its just the drug issue that gets to me, especially him paying for drugs for friends only to end up having to bury them from thier overdosing. That's tough stuff.

      "It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy." - George Lorimer

        NightStalker's avatar - 50logo
        East of Columbus, OH
        United States
        Member #120843
        December 28, 2011
        451 Posts
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        Posted: December 4, 2013, 12:50 pm - IP Logged

        I remember watching his story on TLCML and thinking that here was a guy that was given a huge second chance to turn his life around.  But as the story went on, I realized that even though he changed his surroundings, he didn't change at all.  Still had run-ins with the law and still used illegal drugs. 

        His story made me formulate a plan for what I will do when I win the lottery because I don't want to end up broke.  RIP David Lee Edwards.

        Life's Too Short To Be Unhappy Cool

          LottoPools's avatar - bee
          Houston, TX
          United States
          Member #4496
          April 29, 2004
          71 Posts
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          Posted: December 4, 2013, 1:44 pm - IP Logged

          Rest in peace Mr. Edwards.

           

          Cautionary tale indeed.  But it's sad the article didn't mention some of the good he did with his money.  If I remember correctly, he helped out a few people when he won.  I think he paid for one lady to have eye surgery or something like that.

          ________________________

          Playing together to make a splash in the pool of lottery winners.  It's just a matter of time.

            ttech10's avatar - blobdude
            Texas
            United States
            Member #92330
            June 5, 2010
            887 Posts
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            Posted: December 4, 2013, 1:51 pm - IP Logged

                             This article is missing some key pieces. I don't believe everything that I read. Something is not right about this article. He had cars, a lear jet and a house. What happenend to the those items?  It is hard for me to believe that this man lost everything that he had.  It is hard to read credible news articles these days.

            My guess is taxes and drugs. He could have lost most of the stuff to the government due to having a lot to pay to taxes and no money to pay to the government due to both overspending on items (vehicles and "art" mostly) and addiction to drugs. Other items he could have sold in order to fuel his drug habit or to simply survive. In the article it also mentions he owed thousands to friends/family.

            It's that hard to believe someone with drug addiction and a wild spending habit could lose millions. You could give someone like this $500 million and they'd find a way to spend it all. His purchase of a jet shows that he didn't think beyond the immediate future with regards to his money. You wouldn't find me buying a jet no matter how big of a lottery win it was. Same goes for most of the informed players on here.

              stunna6036's avatar - Lottery-033.jpg
              chicago,il
              United States
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              April 11, 2013
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              Posted: December 4, 2013, 2:01 pm - IP Logged

              Nothing sad about this story. The man won the lottery and lived out his dreams. Lets remember that if were all so responsible with money why do we even entertain playing a game with odds stacked against us. I once met an older person at work who constantly would bragg about his investment accounts retirement accounts and his savings. The sad thing thing was that one day about year before he was to retire and enjoy all the benefits of his savings he dropped dead. You only live once YOLO.

                golfer1960's avatar - Lottery-003.jpg
                Eatontown, NJ
                United States
                Member #119670
                November 29, 2011
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                Posted: December 4, 2013, 2:35 pm - IP Logged

                Nothing sad about this story. The man won the lottery and lived out his dreams. Lets remember that if were all so responsible with money why do we even entertain playing a game with odds stacked against us. I once met an older person at work who constantly would bragg about his investment accounts retirement accounts and his savings. The sad thing thing was that one day about year before he was to retire and enjoy all the benefits of his savings he dropped dead. You only live once YOLO.

                Hmm...well said stunna.

                  TheGameGrl's avatar - character catafly.jpg
                  A long and winding road
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                  Posted: December 4, 2013, 3:13 pm - IP Logged

                  He was loved by someone and to that someone, may comfort and condolences be expressed. My heart goes out to the daughter, she lost more then money....she lost her father.And that is irreplaceable.

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

                  pa:888,4445,6132,4444,8008

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                    md
                    United States
                    Member #14047
                    April 20, 2005
                    580 Posts
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                    Posted: December 4, 2013, 3:38 pm - IP Logged

                    Yes. Its like the decider of who wins the lottery has a great sense of humor. Some guy in SC decides to play PB for the first time and hit a $400M jp on 09/18/13. Then another guys wins a crazy jp and let their ticket expire. And then we the dillidgent ones cannot even win $1,000. Its crazy.

                    I remember my wife and I watching him on t.v. and saying he would blow his money. I am sad that he hit the absolute bottom before dying. But in the above post, therein lies the differentiating element between those who end up at the bottom and those who manage well their good fortune - A Game Plan  - that has more in it than Spending and accumulating things.  Hopefully more players wake up prior to actually winning a huge fortune and think through a game plan.

                      Jill34786's avatar - Lottery-006.jpg
                      Windermere, FL/Franklin, TN
                      United States
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                      March 1, 2007
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                      Posted: December 4, 2013, 4:04 pm - IP Logged

                      Sad story. If he had followed what he preached when he initially presented his winning ticket, we may not be reading about his demise. 

                      RIP.

                      ** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **

                        Teddi's avatar - Lottery-008.jpg

                        United States
                        Member #142499
                        May 13, 2013
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                        Posted: December 4, 2013, 5:25 pm - IP Logged

                                         This article is missing some key pieces. I don't believe everything that I read. Something is not right about this article. He had cars, a lear jet and a house. What happenend to the those items?  It is hard for me to believe that this man lost everything that he had.  It is hard to read credible news articles these days.

                        I find it hard to believe that you find it hard to believe someone could blow through $27M when so many others with way more money than him and who don't have substance abuse issues have proven how easy it is to do.

                        Not only did he have a drug problem but his wife did as well. Not to mention he used to spend his money on expensive nonsense just to piss off his financial advisor. Drug abuse or no drug abuse, he was going to end up broke.

                        There is no news conspiracy theory here. He spent more money than he had on things that had no return on investment then sold all those things when he needed money to get high. The ex-wife he made a dig at during his press conference was the one who ended up having to take care of him.

                          Teddi's avatar - Lottery-008.jpg

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                          Posted: December 4, 2013, 6:22 pm - IP Logged

                          Nothing sad about this story. The man won the lottery and lived out his dreams. Lets remember that if were all so responsible with money why do we even entertain playing a game with odds stacked against us. I once met an older person at work who constantly would bragg about his investment accounts retirement accounts and his savings. The sad thing thing was that one day about year before he was to retire and enjoy all the benefits of his savings he dropped dead. You only live once YOLO.

                          Well, on the flip side of that coin are the people who never save a dime, don't die before the age of 65 and when they're supposed to retire they have no money. Instead of enjoying their old age after decades of slaving away, they either have to keep on working or live off what ever handouts they can get. The anomaly of a person who saved, dying before retirement shouldn't stop people from saving. From all accounts, Mr Edwards regretted squandering all his money. I don't think it's anyone's dream to live in a rat and feces infested storage unit.

                          The point is, had he been even slightly responsible, he could have lived it up, entertained, shopped and had tons of fun while still protecting his assets. It's about the balance, one without the other only ends in misery.

                            Jon D's avatar - calotterylogo
                            Los Angeles, California
                            United States
                            Member #103813
                            January 5, 2011
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                            Posted: December 4, 2013, 6:43 pm - IP Logged

                                             This article is missing some key pieces. I don't believe everything that I read. Something is not right about this article. He had cars, a lear jet and a house. What happenend to the those items?  It is hard for me to believe that this man lost everything that he had.  It is hard to read credible news articles these days.

                            Yes, you are correct, this news article is missing some key pieces included in some past news stories, that 70% of big lottery winners go broke in 5 years.

                            David Edwards is, unfortunately, in good company.


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                              Posted: December 4, 2013, 9:52 pm - IP Logged

                                           You are entitled to your opinion as I am entitled to mine. I STILL feel that the total truth has not been told. That is my right.