Three Connecticut Money Managers Claim $254M Powerball Jackpot (Video)

Comment #5

Starr920 — Tue, 29 Nov 2011 00:44:00 GMT

<br />The lottery is a random beast. In this case, the winning ticket was a $1 quick pick - one lousy dollar. Meanwhile people all over the country were spending alot more than that trying to win millions. With the exception of Jack Whittaker (who spent $100 to win his powerball jackpot), it seems that most of people who actually win usually spend no more than $5.<br /><br />And let's face it - if the winner had actually been the garbage man who claimed to have "lost" the winning ticket - e... [ More ]

Comment #4

weshar75 — Tue, 29 Nov 2011 00:37:11 GMT

Too bad it was some one who really did not need it. But they won so congrats!-weshar75

Comment #3

tbraddock — Mon, 28 Nov 2011 21:18:25 GMT

The rich just get richer

Comment #2

Starr920 — Mon, 28 Nov 2011 19:19:07 GMT

Not expecting a lot of comments here since Todd will probably have this story up in the next hour or two:))

Comment #1

Starr920 — Mon, 28 Nov 2011 19:17:26 GMT

Well the mystery is finally over and what a hoot! Just as I thought, the actual winners (members of a wealth management firm) were laughing their heads off, taking care of business, and getting their affairs in order while the media was reporting on a garbage man and some 21 year old kid who supposedly "lost" the winning ticket! You just can't make that kind of thing up, folks :))

Original Blog Entry: Three Connecticut Money Managers Claim $254M Powerball Jackpot (Video)

Starr920 — Mon, 28 Nov 2011 18:57:50 GMT

ROCKY HILL, Conn. Members of a wealth management firm on Monday claimed a $254 million Powerball jackpot first announced on Nov. 2.

The 27-day mystery of who won ended when Greg Skidmore, Brandon Lacoff and Tim Davidson appeared at the Connecticut Lottery headquarters and revealed themselves as the trustees for a family trust created to handle the funds.

The Putnam Avenue Family Trust, named after the street address for Belpointe Asset Management, is taking the after-tax lump sum of $103.5 million in cash. It was not clear how many members are in the trust.

A lawyer for the trust said a significant amount will go to charity.

Davidson, a portfolio manager with Belpointe Asset Management, bought the $1 quick pick ticket at the Shippan Point Getty station in Stamford. The winning numbers were 12-14-34-39-46, Powerball 36.

Skidmore, who is president of Belpointe, said the jackpot feels good.

The jackpot was the largest ever won in Connecticut and the 12th biggest in Powerball history.

Lacoff is managing director of the firm.

Source: http://today.msnbc.msn.com/id/45465019/ns/us_news-wonderful_world/#.TtPYmrIr2so

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