Review: Vultures feast on desperate lottery winners
Money for Nothing is a glimpse into a seedy business few will ever encounter.
Edward Ugel writes about the trade of preying on bottomed-out lottery winners, crazy for cash to meet their growing debts, waiting for their next annual annuity check to arrive from the state coffers.
His tale is a colorfully written account by a self-proclaimed overweight, chain-smoking, Krispy Kreme doughnut-eating, fanatical gambler.
For just shy of a decade starting in the late 1990s, Ugel says he worked i ...
Sep 24, 2007, 11:05 am - Lottery News forum
Record powerball lottery winner reflects on sad life
In his darkest moments, Jack Whittaker has sometimes wondered if winning the nearly $315 million Powerball game was really worth it.
The jackpot that was the stuff of dreams turned into a nightmare: His wife left him and his drug-addicted granddaughter his protege and heir died. He endured constant requests for money.
Almost five years later, Whittaker is left with things money can't cure: His daughter's cancer, a long list of indiscretions documented in newspapers and court records, a ...
Sep 14, 2007, 12:45 pm - Lottery News forum
Major lottery winner says he's a fraud victim
Ex-carpet cleaner sues to recover more than $3.5 million
British Columbia's biggest lottery winner claims he was bilked of more than $3.5 million less than 18 months after the windfall, by false friends helped by two Vancouver lawyers and an accountant.
Tsering Luding, the carpet cleaner who scored $24 million from Super 7, says he was defrauded in a sophisticated sting featuring phony financial statements and $100,000 payments delivered in banded bills wrapped in plastic bags. He is tryin ...
Sep 12, 2007, 3:10 pm - Lottery News forum
Will millions spoil Bunky Bartlett?
By Kevin Cowherd
Ladies and gentlemen, a big round of applause for our new Wicca-practicing Mega Millions lottery winner, Mr. Bunky Bartlett of Dundalk!
Is this guy beautiful, or what?
Most people who hit for a huge share of a $330 million lottery drop out of sight faster than a snitch on The Sopranos.
They huddle with lawyers and accountants for days and hole up in some fancy hotel suite, all the while issuing the usual statements along the lines of: We ask that you ...
Sep 5, 2007, 7:39 am - Lottery News forum
Lucky couple wins second NY Lotto jackpot
A former Bronx, New York, couple has won the New York Lottery's 6-number Lotto game for the second time in 11 years, twice overcoming odds of more than 22 million to 1.
It's a great feeling, said Eugene Angelo Sr., 81, after learning that he and his wife Adeline, 74, had the sole $5 million winner i the twice-weekly Lotto game.
In December 1996, the family bought one of four winning jackpot tickets and received the lump-sum payout of $2.5 million after sharing a $10 million jackpot with ...
Aug 31, 2007, 6:58 pm - Lottery News forum
Charges against wife of Powerball lottery winner dropped
Powerball winner's wife clear after paying of child support arrearage
A judge on Wednesday dismissed a felony charge against the wife of Powerball jackpot winner David Edwards.
Boyd Circuit Judge Marc I. Rosen granted a request by County Attorney Phillip Hedrick to drop a criminal non-support charge against 32-year-old Shawna Edwards.
Hedrick told the judge Edwards had paid off her child support arrearage about $17,000 and was current on her monthly payments. Those were the conditio ...
Aug 31, 2007, 9:34 am - Lottery News forum
Lottery winner goes from rags to riches to rags
For David Lee Edwards, winning the lottery was a wild rocket ride
In the fall of 2006, David Lee Edwards and his wife, Shawna, decorated their front door for Halloween. But if trick-or-treaters made it to the couple's home, a storage unit in Riviera Beach, no plastic ghost was as scary as what they'd have found inside: two pale, withered junkies from Kentucky living amid dirty clothes, rotting food, and their own filth.
And these were lottery winners.
Today, with David on what could be ...
Aug 22, 2007, 9:57 am - Lottery News forum
Powerball lottery winners give back
Powerball winners Steve and Carolyn West and Frances Chaney create foundations to help children, veterans and the poor
Powerball winners Steve and Carolyn West and Frances Chaney are giving away portions of their multi-million-dollar prize to benefit local children and other worthy causes.
Both the West Family Foundation and the Robert Frances Chaney Family Foundation seek to support nonprofit organizations that serve poor children and families in Southern Oregon.
We'd been in some o ...
Aug 17, 2007, 3:57 pm - Lottery News forum
Vancouver lottery winner loses in divorce case
A $10 million lottery windfall brought an estranged Vancouver couple back together.
But eight years later, the marriage wound up in divorce court with a sticky issue to be resolved: What should be done with $2.2 million in an account the husband claimed was for his personal use?
In granting their divorce last week, B.C. Supreme Court Justice Heather Holmes ruled the $2.2 million must be split between Minh Kien Le, 58, and his ex-wife, Mai Huong Cao, 55.
The couple escaped with their two ...
Apr 17, 2007, 8:36 am - Lottery News forum
Lottery winner followed careful spending plan
How one lucky winner spent his new-found fortune
Brad Duke, 34, a manager for five Gold's Gym franchises in Idaho, pocketed a lump sum of $85 million after winning a $220 million Powerball jackpot in 2005. He spent the first month of his new life assembling a team of financial advisors.
His goal: to use his winnings to become a billionaire. Here's what Duke has done with his money so far.
$45 million: Safe, low-risk investments such as municipal bonds$35 million: Aggressive investments ...
Feb 28, 2007, 10:12 am - Lottery News forum