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NC lottery winner spent $9M bailing out convict fiancé

Topic closed. 118 replies. Last post 1 year ago by mypiemaster.

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RL-RANDOMLOGIC's avatar - usafce

United States
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March 13, 2008
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Posted: August 16, 2015, 3:06 pm - IP Logged

This topic seems a bit anti-lotto and could become a poster child for reasons to close down lotteries.  Maybe someday

all lottery winners will get a new brain along with the winnings.  Just being sarcastic.

RL

Working on my Ph.D.  "University of hard Knocks"

I will consider the opinion that my winnings are a product of chance if you are willing to consider

they are not.  Many great discoveries come while searching for something else

USAF https://en.wikipedia.org/wiki/Prime_Base_Engineer_Emergency_Force

  US Flag Trump / 2016 & 2020  

    Candy-Lane's avatar - yocco

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    Posted: August 16, 2015, 4:32 pm - IP Logged

    Thanks DelS!  You sound like you really got it together! : )

      Avatar

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      Posted: August 16, 2015, 7:14 pm - IP Logged

      Marie i wish you well, but if i were you i would at least not marry this guy. The drama will get worse if she marry him. She only paid a small  portion of the nine million.

        mikeintexas's avatar - tx avatar-1.gif
        Texas Panhandle
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        Posted: August 16, 2015, 7:36 pm - IP Logged

        Marie i wish you well, but if i were you i would at least not marry this guy. The drama will get worse if she marry him. She only paid a small  portion of the nine million.

        "She only paid a small portion of the nine million."  Well, that's like saying "I only had a small portion of the buffet.", but when you eat 20% of the entire buffet, the percentage is relative. $1.8 might "only" be 20% of the nine million, but it's still a large sum. (to quote RCB, it would be "life changing" for most of us in here)  It bothers me thinking of what she could have done with it - funded her church's expenses for 25 yrs, sent one of her children to Harvard or Yale (or all of them to just about any good state college), bought a nice home...any number of things that were much better investments than bailing her P.O.S. b/f out of jail.  (and yes, her b/f is a P.O.S.  If anyone defends him or what he's done, they're a P.O.S. themselves)

        I don't think there are many in here that are arguing Ms. Holmes can't spend the money how she likes, but it's like buying a $25 cigar; some people will criticize the purchase, some saying it's a filthy habit and others will say that's a lot to spend on something that won't last much longer than 30 minutes while others will say they could have bought three good cigars for that amount.  I liken what Ms. Holmes has done to lighting that 25 dollar cigar with a hundred dollar bill...she got pleasure out of the cigar, but that hundred bucks is gone forever and for absolutely nothing.

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          Illinois
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          Posted: August 16, 2015, 10:46 pm - IP Logged

          Wow so true Amen??????


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            Posted: August 17, 2015, 2:10 am - IP Logged

            Well all she has to do when she blows this jackpot is just win another and another lol.  A winner can't lose ever, it's not possible.

              hearsetrax's avatar - 0118

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              Posted: August 17, 2015, 5:37 am - IP Logged

              Well all she has to do when she blows this jackpot is just win another and another lol.  A winner can't lose ever, it's not possible.

                CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                TX
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                Posted: August 17, 2015, 9:44 am - IP Logged

                Mike...Interesting posting on the bail...my question out of this $9 Million @ 10-20%( $900K-1.8 Mil), after he violated the  first posting($3 Million @ 10-20%=$300-600K), does the person who posted the first amount lose it completely ?

                  savagegoose's avatar - ProfilePho
                  adelaide sa
                  Australia
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                  Posted: August 17, 2015, 1:31 pm - IP Logged

                  her cheapest and easiest plan would have been to not post bail and move on. its not like he was coming up with $3 mill. himself, or anyone else would be posting it.

                  2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

                  keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

                    mikeintexas's avatar - tx avatar-1.gif
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                    Posted: August 17, 2015, 2:24 pm - IP Logged

                    Mike...Interesting posting on the bail...my question out of this $9 Million @ 10-20%( $900K-1.8 Mil), after he violated the  first posting($3 Million @ 10-20%=$300-600K), does the person who posted the first amount lose it completely ?

                    I don't know, I haven't found anything about that. From what I've read, it certain seems as though the first bond could have been forfeited.

                    I have a hunch it wasn't, because if it were, would that same bond agency -or another - bail him out of jail the second time on the chance of losing 6 million bucks?  I doubt it.  (then again, with the chance to make 1.2 million plus he's being made to wear a GPS tracker, they might think it's worth risking)  I've read a lot of comments by people claiming to know the original bond was forfeited, but they're just like posts in here, nothing but conjecture (including my own)...and I'm beginning to doubt the veracity of what I've read from news outlets (like this very article from the NY Daily News) which are insinuating Ms. Holmes "spent $9M bailing out convict fiancé" when local news say a bondsman was used.

                      rundown99's avatar - cigar

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                      Posted: August 17, 2015, 6:36 pm - IP Logged

                      The $88 million she received was actually the initial after tax amount. The cash value was $127 million so she has an even larger burden when tax time arrives in April.

                      For lottery jackpot wins, does the winner pay the federal and state taxes up front?  Does the lottery simply give them the after tax payout and give the federal government their tax payment and the state government their tax amount?  I remember when Richard Hatch won the first season of Survivor in 2000, and he kept the $1 million and went to jail for not paying the federal taxes.

                      Smart lottery winners form trust to claim their winnings.  They send an attorney to the lottery headquarters to claim the prize in trust, so that ONLY the name of the trust is revealed.  And they tell NO ONE, especially relatives.

                      If you ever win a lottery and you are single, the only person you should ever marry is someone who was truly in love with you BEFORE you won the jackpot!

                        rundown99's avatar - cigar

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                        Posted: August 17, 2015, 6:37 pm - IP Logged

                        Stories such as these remind me why lottery winners should only play in states where they can remain anonymous.

                        Smart lottery winners form trust to claim their winnings.  They send an attorney to the lottery headquarters to claim the prize in trust, so that ONLY the name of the trust is revealed.  And they tell NO ONE, especially relatives.

                        If you ever win a lottery and you are single, the only person you should ever marry is someone who was truly in love with you BEFORE you won the jackpot!

                          mikeintexas's avatar - tx avatar-1.gif
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                          Posted: August 17, 2015, 7:26 pm - IP Logged

                          For lottery jackpot wins, does the winner pay the federal and state taxes up front?  Does the lottery simply give them the after tax payout and give the federal government their tax payment and the state government their tax amount?  I remember when Richard Hatch won the first season of Survivor in 2000, and he kept the $1 million and went to jail for not paying the federal taxes.

                          From the Tax Foundation.org March '12 article in reference to the MM JP being a record 540 million :   Lottery Tax Rates Vary Greatly By State

                          While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding tax. In other words, if one person wins the jackpot and chooses the $389 million lump sum payment, $97 million will go straight to the IRS. Next April, the jackpot winner or winners can see if any of that amount gets refunded, or if they owe even more.

                          There are also state taxes, if applicable, but you'd have to check w/ your state agency to find out their policy.

                            mikeintexas's avatar - tx avatar-1.gif
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                            Posted: August 17, 2015, 7:31 pm - IP Logged

                            Stories such as these remind me why lottery winners should only play in states where they can remain anonymous.

                            N. Carolina isn't one of those with anonymous claiming, but Ms. Holmes chose to give a news conference and television and newspaper interviews when she didn't have to do so.

                            Anonymity isn't the panacea a lot of people think it is, since a lottery winner is more likely to be killed by a family member or friend than a total stranger.

                              Erzulieredeyes's avatar - spider miss.png
                              Painesville, Ohio
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                              Posted: August 17, 2015, 7:38 pm - IP Logged

                              It's funny that the person posted she won all this money and still lives in a trailer. It's funny because it's untrue and they showed her house on television and if you do simple research you will see she paid barely $400,000 for the house. It's a brand new, but very humble, average looking house. She did not splurge on fancy mansions like most of us would.

                              I agree that this was a dumb move to bail someone out $9M, but if it were one of your loved ones and you had the money I'm sure some of you would too.  I know people who put up their homes and retirement money to bail out their spouse, children, parents and friends all the time. It's her money and she can do what she pleases, plus she'll get most of the money back when he goes back to court. 

                              Boyfriend is pretty dumb to still be dealing drugs when they have more than enough money to never have to ' hustle'  again. Hopefully this is a wake up call for her and she dumps him and get her life together before the government takes all her money.

                              I wish her the best and hope that she ask GOD for guidance with her new windfall. I'm not going to judge her situation, but I know after the first bail, they'd be on their own for getting out next time regardless of the cost.