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Lottery winner's lifetime of money gone in weeks

Topic closed. 83 replies. Last post 3 years ago by Six balls.

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mrcraft's avatar - images3lp4 zps7dbb4a10.jpg
Los Angeles, California
United States
Member #149492
December 2, 2013
919 Posts
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Posted: January 10, 2014, 8:35 pm - IP Logged

I'm glad the judged cared enough to actively get involved.  It was only after she got involved that things moved quickly and "stabilized" the situation.

    duckman's avatar - ducklogodrake64x64
    Jacksonville Florida
    United States
    Member #23018
    October 6, 2005
    918 Posts
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    Posted: January 10, 2014, 8:51 pm - IP Logged

    This whole story is sad on many levels. But it happens over and over, often to people who are not mentally impaired. The world is full of people willing to take advantage of a situation like this. Even worse, they see nothing wrong with it as if it is their money in his pockets.

    This is also one of the rare times when structured payments is better than the cash option for a winner...

      malin1257's avatar - 8ball
      Antwerp
      Belgium
      Member #86174
      January 30, 2010
      37 Posts
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      Posted: January 10, 2014, 9:26 pm - IP Logged

      Can you read?  Better yet read again the news story and I mean read every word.  I made my post not only for the statement that you made, but  for all the others that failed to comprehend this man's situation.  Also, don't get your knickers in a knot.

        psykomo's avatar - animal shark.jpg

        United States
        Member #4877
        May 30, 2004
        5124 Posts
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        Posted: January 10, 2014, 9:34 pm - IP Logged

        This whole story is sad on many levels. But it happens over and over, often to people who are not mentally impaired. The world is full of people willing to take advantage of a situation like this. Even worse, they see nothing wrong with it as if it is their money in his pockets.

        This is also one of the rare times when structured payments is better than the cash option for a winner...

        DM:

        Thumbs UpI Agree!Puke>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

        story is sad on many levels. This could only happen in A

        3rd world country>>>>>>BUTT why does it HAPPEN N

        DUSA>>>>>>>>>>>>>????????????????SmileWinkShockedBig SmileConfusedBig SmileConfusedUnhappy

                                     LeavingGroup HugLeaving

          mikeintexas's avatar - tx avatar-1.gif
          Texas Panhandle
          United States
          Member #136843
          December 20, 2012
          1285 Posts
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          Posted: January 10, 2014, 10:55 pm - IP Logged

          Everyone that took advantage of that man should be lined up and kicked in the groin.

          I Agree!


          A people that elect corrupt politicians, impostors, thieves and traitors are not victims...but accomplices.
           - George Orwell

            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: January 10, 2014, 11:27 pm - IP Logged

            Everyone that took advantage of that man should be lined up and kicked in the groin.

            Wimmins too?

              Avatar
              Westfield, MA
              United States
              Member #132920
              September 15, 2012
              51 Posts
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              Posted: January 10, 2014, 11:54 pm - IP Logged

              This whole story is sad on many levels. But it happens over and over, often to people who are not mentally impaired. The world is full of people willing to take advantage of a situation like this. Even worse, they see nothing wrong with it as if it is their money in his pockets.

              This is also one of the rare times when structured payments is better than the cash option for a winner...

              It was said in the beginning of the article that the guy was chasing the $500 a week-for-life ticket. NOW, he is chasing the $2,500 a week-for-life ticket. So the guy understands enough about money. Maybe that having money is a good thing. He is probably smart enough to realize $54 a month is peanuts. So he tries to win more by playing the lottery. Then he wins, but he needs help because he has no transportation, or ID. People rip him off, relatives come out of the woodwork, quite normal if you ask me. This is simply (and sadly) what happens when someone wins the lottery. People always seem to need, or want, more money. If I can ask a relative that just won... does that make me a bad person? Just think about that for a minute. We trash relatives that come looking for help, but are the ones that really need money bad, because they need some money also? I know the rip-off relatives are bad news, that is obvious, but that is not what I'm asking here.

                jeffrey's avatar - moon
                Hamilton, OH
                United States
                Member #4162
                March 27, 2004
                277 Posts
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                Posted: January 11, 2014, 1:23 am - IP Logged

                Mr Malcolm Ramsey's story gets repeated so many times in so many ways that I have nothing to say. I hope he lives to tell the tale of how lack of planning and discipline can wipe out a fortune in record time.

                maybe his relatives can help him.Mad

                  DDOH937's avatar - Lottery-062.jpg

                  United States
                  Member #149596
                  December 4, 2013
                  208 Posts
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                  Posted: January 11, 2014, 2:01 am - IP Logged

                  There are sooo many things to address with this story that I have to go to bed and get back to it in the morning:

                  The first thing to blow my mind was: who the F*** goes to a bank to get a cashiers check then take it to a cash checking store to cash it???? and pay $14K in fees to cash a check that could have been cashed for free at the same bank???? (obviously this must have been the cab drivers idea and we all know why)

                  Reading this was so upsetting i have to log off now and MAYBE get back to it tomorrow.

                  "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

                    Avatar
                    NY
                    United States
                    Member #23835
                    October 16, 2005
                    3475 Posts
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                    Posted: January 11, 2014, 4:00 am - IP Logged

                    If nothing else I would like to see that Amscot that charged him more than $14,000 in fees investigated.    They had to know something was wrong with him.   That's just disgusting.

                    That's their standard rate - 4.9% for cashiers checks of more than $5000. Places like that must expect that their customers are on the wrong section of the bell curve, but even if they knew he was mentally incompetent they probably weren't breaking the law against exploiting the disabled since they treated him the same way they would have treated any other customer.

                    The basic business model is perfectly legal, but mostly dependent on people who are morons, mentally incompetent, or suffering from some other problem that prevents them from finding a more rational solution when they need to cash a check.

                      Avatar
                      NY
                      United States
                      Member #23835
                      October 16, 2005
                      3475 Posts
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                      Posted: January 11, 2014, 4:01 am - IP Logged

                      No Pity!This guy obviously has some mental problems. Why would he pay 14,000.00 to have a  Well's Fargo cashier's check cashed??? That is just plain INSANE!! He should have left the money in his Well's Fargo account and purchased his 1,000.00 dollar money orders at a fraction of the cost. Which also makes me wonder why he felt the need to purchase all those darn money orders in the first place???? Like Forest Gump used to say "Stupid is what Stupid does!" No one to blame but himself!

                      "This guy obviously has some mental problems."

                      What tipped you off?

                        helpmewin's avatar - dandy
                        u$a
                        United States
                        Member #106665
                        February 22, 2011
                        19911 Posts
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                        Posted: January 11, 2014, 4:47 am - IP Logged

                        Sad Story but what a Nice guy spending his money on others Lovies

                        God sees everything (Jeremiah 17:10) (1 Samuel 16:7)

                        I hope he does win again it's just money, Thank God he didn't end up like Abraham Shakespeare.

                        Let it Snow Snowman

                          sully16's avatar - sharan
                          Ringleader
                          Michigan
                          United States
                          Member #81740
                          October 28, 2009
                          40611 Posts
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                          Posted: January 11, 2014, 7:28 am - IP Logged

                          All the hyenas who previously probably wouldn't give him the time of day were suddenly very concerned about his wellbeing.

                          Dirtbags.

                          Yep, that's a dirty rotten shame, Bad Karma when you take advantage, especially the weak , old and sick.

                          Did you exchange a walk on part in the war ?

                          For a lead role in a cage?

                           

                                                                      From Pink Floyd's " Wish you were here"

                            Candlelight777's avatar - nw saucyelf.jpg
                            Indiana
                            United States
                            Member #150273
                            December 18, 2013
                            495 Posts
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                            Posted: January 11, 2014, 7:36 am - IP Logged

                            Why is anyone criticizing the winner? Do you people not have any level of reading comprehension? He is mentally ill and can't make proper choices for himself, that's why he was living in an assisted living facility. Scamming the government? For what, the $54 dollars a month? You who criticize him aren't grasping the fact that we aren't dealing with someone who understands normal reasoning. He doesn't have the mental capacity that you, supposedly, have. Good grief.

                            I Agree!

                            SSI and medicaid will not hold this man accountable for his actions either given he is mentally incompetent. They can however shift their focus to the people put in charge of his care.

                              loonasee2's avatar - ty789 zpsxdhaaskf.jpg
                              Orangutan Forest
                              United States
                              Member #95128
                              August 4, 2010
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                              Posted: January 11, 2014, 7:59 am - IP Logged

                              Money always brings out the SUCKERS ,.....................BLOODSUCKERS that is.Aleast he will see his family members more often ,...them keeping tabs on him,...so they won't miss a penny.And these fees at banks are out of control,Its all about money these days.yikes

                              cashbuckets of cash