Lottery winner almost out of cash three years later

Comment #26

charmed7 — Thu, 25 Dec 2008 17:21:24 GMT

What a sad sorry!!! Everyone doesn't know how to handle a large

sum of money. And every family member will come out of the wood-

work, and they honestly feel u must share the wealth.

Comment #25

grengrad — Mon, 22 Dec 2008 14:26:09 GMT

If they are so unhappy, they can sign over the 3 nice vehicles and 5 acre estate.

At least they realized that blowing money is stupid before they lost their house.

Comment #24

reddog — Mon, 22 Dec 2008 13:46:02 GMT

I can see why he asked her to go back to his place to make out. She is HOT !!!! She should not have any problem getting a job at Hooters.

Comment #23

myturn — Tue, 16 Dec 2008 08:54:58 GMT

Rule number 1: Don't go public!

If you do people will come out of the woodwork with investment schemes . Get independent professional advice, get second opinions and don't rush into anything.

Comment #22

Jill34786 — Fri, 12 Dec 2008 16:18:54 GMT

Actually this guy Keith Bryce and his co-worker split a a $35 million jackpot in late November, 2005...the other ticket has never been claimed. The cash option on their half ($17.5 million) was a tad over $10 million of which they received $3.7 million after initial taxes. They both owed roughly $500,000 each on additional federal taxes when they filed their returns in April of 2006.

Had they waited until January 2006 to claim their jackpot, the additional federal taxes would not have been du... [ More ]

Comment #21

MysteryMan424 — Fri, 12 Dec 2008 02:05:46 GMT

Alice easy come easy go, If I have it you could have it. I was a millionaire for a couple of days, That's more than I can say about anyone in this dump Alice Bam Zoom

Comment #20

rundown99 — Thu, 11 Dec 2008 19:22:26 GMT

Another reason why you should remain anonymous if you win the jackpot.

Comment #19

fja — Thu, 11 Dec 2008 18:40:52 GMT

Just like kids who don't respect fire until they burn themselves, some people won't respect thier wealth until it's gone.....In this case the other friend has had a taste of what it's like to lose everything....

Comment #18

ThatScaryChick — Thu, 11 Dec 2008 18:06:50 GMT

I agree. It was very interesting to read about two friends who won the lottery and see how things have turned out for them.

Comment #17

myturn08 — Thu, 11 Dec 2008 17:36:58 GMT

i plan to have one too, haha...but i wont marry her

Comment #16

jim695 — Thu, 11 Dec 2008 17:22:47 GMT

He didn't win $3.7M; he only won half of it. The other half went to his friend from the first story, Aristeo Robelin, who still has two million left.

Quite a contrast between the two tales; a convicted felon who turned his life around with his half of a jackpot win, and the friend with whom he worked installing windows, who now has nothing left of his share due to his Good-Time Charlie syndrome.

Live and learn, I guess ...

Comment #15

JackpotWanna — Thu, 11 Dec 2008 15:38:15 GMT

I agree, He spent the last 3 years enjoying himself and helping people. Much better then investing all of it in the stocking market and losting it all. I say good job man

Comment #14

barbos — Thu, 11 Dec 2008 06:15:05 GMT

These days the best investment option is the wallet.

Comment #13

savagegoose — Thu, 11 Dec 2008 05:18:58 GMT

cmon with the finance disaster and such, if he had invested like a good advisor had told him he would still be broke

Comment #12

DC81 — Thu, 11 Dec 2008 04:51:30 GMT

I like how the family talks about how he's changed and things like that when it's obvious they changed too and not for the better.. It seems more like the problem is that his wife actually started to stop his monetary stupidity at least to some extent and when he stopped paying they turned against him. But still another winner who apparently didn't know they'd have more taxes due..

Either way, just another reminder of what happens with greedy family...

Comment #11

s5thomps — Thu, 11 Dec 2008 04:44:46 GMT

Like Warren Buffet says:

Rule #1 DON'T LOSE MONEY

Rule #2 DON'T FORGET RULE #1

Also there is not a chance in hell that he is going be able to claim the other half of the jackpot because he did not purchase the other winning ticket

Comment #10

computerhead723 — Thu, 11 Dec 2008 03:35:41 GMT

he is 47 and his wife is 27 yr. and he can't explain where all the money is ......but his alment of MS means his life will be short and long -term old folks home ....sad very sad.......

Comment #9

JackpotWanna — Thu, 11 Dec 2008 03:04:29 GMT

Very attractive gold digger!!! I don't feel sorry for him.

Comment #8

hearsetrax — Thu, 11 Dec 2008 02:41:40 GMT

well said

Comment #7

dphillips — Thu, 11 Dec 2008 02:31:42 GMT

In these tough, economic times when people are losing their jobs, and Keith Bryce, who was fortunate enough to beat the lottery odds, there is absolutely no way he should be broke. Now, Keith, consider these finer points and take heed:

1. Perhaps, in your particular circumstance, you should have taken the annuity option: at least if you spent through your winnings like a drunken sailor the first year, your family and your friends would have to wait for the next yearly payout.

2. You could

Comment #6

Piaceri — Thu, 11 Dec 2008 02:24:15 GMT

I could spend that amount, very easily (horses - not racers, but show jumpers). But I won't because I know I can. Does that make sense?

Although $3.7m is nothing to sneeze at, it is also nothing to quit your day job over. It's a VERY nice nest egg. One that will make your worries about retirement go away. Properly managed, winning that amount at age 45, you could retire early at say age 55 or 60, buy a motorhome and see the country. That would be so cool.

Comment #5

wizeguy — Thu, 11 Dec 2008 02:17:48 GMT

Best wishes to the Bryce family. I hope they settle their differences.

This is why I need the 207 mill jackpot... I have a problem with recurring bouts of spenditis but could never spend that amount.

Comment #4

hearsetrax — Thu, 11 Dec 2008 01:52:33 GMT

Rule one :

ignore family !!!

Rule two :

listen to paid and sound advice

Comment #3

ladyg — Thu, 11 Dec 2008 01:34:06 GMT

Wow, what a sad story, I hope everything works out for them. Especially in this crappy economy. You can't save the world help everybody, it's impossible to do so, now where are those family members he helped so depeserately. What about him now his wife, what do they get in return. A lesson learned for me.

ladyg

Comment #2

GamerMom — Thu, 11 Dec 2008 01:31:50 GMT

i'm not sure if that's 3 million before or after taxes but ESPECIALLY if that is 3.7 mil before taxes I would not not not not quit my job and certainly wound not not not buy lavish cars and such. Poor guy. Maybe things will work out for him

Comment #1

delS — Thu, 11 Dec 2008 01:15:32 GMT

This is a tragic case, as is the same for millions of winners who don't know how to get advice, take advice, and follow advice. Hopefully he'll find peace.

Lottery winner almost out of cash three years later

Lottery Post — Thu, 11 Dec 2008 01:05:04 GMT

For fun, Keith Bryce and his wife, Elizabeth, play bingo on Tuesdays at a Knights of Columbus Hall, or watch movies on a mattress in the living room.

It's a long way from the craps tables, flashing lights and plush presidential suites at the swank Las Vegas hotels of their honeymoon.

Since Bryce won the Mega Millions lottery three years ago, he has clashed with family, spent close to $3 million and isn't far from the poorhouse a place he assumed he'd never visit again.

In the first 30 d... [ More ]