Profile Viktor Gjonaj who scammed investors to pay for his lottery addiction

Reply #9

Think — Thu, 27 Oct 2022 23:02:49 GMT

This info was on L.P. when it happened but I don't remember having that much detail back then

Reply #8

darthfury78 — Wed, 26 Oct 2022 16:31:19 GMT

True. If Viktor Gjonaj were a genius, he should had invested his winnings into blue chip stocks that would had transformed his $28 Million total winning into a $340 Million fortune. He wouldn't need to worry about playing Pick-4 lottery ever again. The lotto winnings should be considered as seed money to invest.

Reply #7

cottoneyedjoe — Wed, 26 Oct 2022 02:57:11 GMT

Hiding from people you owe money to always works out in the movies.

Reply #6

darthfury78 — Wed, 26 Oct 2022 00:41:07 GMT

Another thing that Viktor Gjonaj should had done was go to another state and start over. Did he lost all of his original lotto money: I seriously doubt it. Did he lose other people's money. Yes. The rule of the game is never use your own money. If I had won as much money as Viktor, I would had invest all of my winnings into a few common stocks that might had turned my $23 Million into $340 Million...

Reply #5

darthfury78 — Tue, 25 Oct 2022 22:21:00 GMT

If Gjonaj had used that into Pick-3 3-way game combo) in a massive amount, he would had won. Pick-4 is a lot tougher than Pick-3...

Reply #4

Stack47 — Thu, 20 Oct 2022 06:39:38 GMT

Very interesting article!

It proves there are players that wager huge amounts every drawings some wager even more after a big hit. Many news stories on LP about players wagering a couple hundred on a number and winning but the $6000 a drawing Gjonaj bet might be a record.

Reply #3

garyo1954 — Thu, 20 Oct 2022 02:40:05 GMT

Good point. He's had plenty of time to think about that. Maybe that's his next move?

At least it's honest. And anything has to be better than sitting in camp fed.

G

Reply #2

cottoneyedjoe — Thu, 20 Oct 2022 01:44:27 GMT

As I was reading it, all I could think was how much money he could have made selling his system and spread sheets. Wouldn't have mattered if the system was legit or he just got lucky a few times and mistakenly attributed his wins to his system. All a potential customer would have seen is the accoutrements of a rich real estate broker, the house, the businesses, and said take my money! If people will pay $29.95 for a program that helps you win a free quick pick on a $10 play, imagine what they wo... [ More ]

Reply #1

garyo1954 — Thu, 20 Oct 2022 00:21:04 GMT

Long article. Interesting read. I skipped most of it after Vitto brings in the guy who just got out of jail. You just know that's going to end with everybody living happily ever after!

Steve Fishman, an attorney famous for defending high-profile criminals. took the case, and he sat with Gjonaj as he told his story to a federal prosecutor, Karen Reynold. Gjonaj handed Fishman a spreadsheet listing people from whom he had borrowed a staggering $23 million. This was less than the $28 million... [ More ]

Profile Viktor Gjonaj who scammed investors to pay for his lottery addiction

cottoneyedjoe — Wed, 19 Oct 2022 23:18:09 GMT

This is a profile of Viktor Gjonaj, the Michigan-based real estate broker who made a bunch of fake companies and scammed a bunch of people to pay for his multi-million dollar addiction to Pick 4.

Some good excerpts from the article:

Gjonaj had won only a few hundred thousand dollars, he estimates, until June 2017, when he noticed that the number 7-8-0-0 often appeared at least once or twice a year. Believing that the number 7-8-0-0 was due, he started to buy between 300 and 1,000 $12 ti... [ More ]