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
Lottery Winners Sued As Nuisances
A couple who talked of helping young people fight drug addiction and alcohol abuse after winning a $2.6 million Oregon Lottery jackpot are facing a city lawsuit alleging they held a four-month-long party that included public sex, fights and signs of drug dealing.
The lawsuit filed against Elizabeth and Samuel Howard detailed allegations of parties featuring fights that spilled into other yards, couples having sex in plain view, an assault on a neighbor, slashed tires and loud music.
Feb 19, 2007, 11:21 am - Lottery News forum
One year later, Powerball still treats them well
Mike Terpstra could dream with the best of his lottery-playing co-workers at a Lincoln ham-processing plant.
What, they wondered, would they do if they won?
Terpstra fantasized about buying a remote tropical island, like one that actor Marlon Brando owned, or purchasing the Christina O, the luxury personal yacht in the fleet of the late shipping tycoon Aristotle Onassis.
Either would be a warm escape from the chilly conditions in the ConAgra Foods plant.
But a year after he and seven ...
Feb 19, 2007, 10:26 am - Lottery News forum
Successful lottery winners don't change too much
Eleven years after hitting a $1 million jackpot in the New York Lottery's 7-11-21 game, Agnes Jackman got some free advice on how to handle her winnings.
In a 1991 Money magazine cover story titled Midway Through a Million, financial planner Gary Schatsky suggested investing in money market funds, certificates of deposit and U.S. government bonds. He also told Jackman to stop spending money on lottery tickets.
She rejected his guidance.
And now, seven years after cashing her last inst ...
Jan 31, 2007, 4:39 am - Lottery News forum
Jack Whittaker: un-luckiest lottery winner ever
A man infamous for his numerous problems ever since winning a record Powerball lottery jackpot says he can't pay a settlement to a casino worker because thieves cleaned out his bank accounts.
Powerball winner Jack Whittaker gave that explanation in a note last fall to a lawyer for Kitti French, who accused him of assaulting her at the Tri-State Racetrack and Gaming Center, a slots-only casino near Charleston, according to a motion French's lawyer filed this week demanding payment of the confi ...
Jan 12, 2007, 5:57 pm - Lottery News forum
$1 million Powerball lottery winner speaks about picking numbers
Oklahoma lottery winners discuss their methods
What's in a number?
Just ask Charles and Laura Fay of Foss in western Oklahoma.
The couple won $1 million playing Powerball on March 17 with numbers that Charles derived while driving his tractor-trailer rig.
He (Charles) would just be driving, hauling fuel, and he had a long route. Charles had some numbers floating around in his head, and we used those, Laura Fay said.
We happened to be pretty lucky. We use the same numbers a ...
Dec 26, 2006, 12:27 pm - Lottery News forum
Couple won U.K. Lotto, then gave most of it away
A couple from Sheffield who won 7.6 million (US$15 million) playing the lottery in 2000 have given away 6 million (US$11.8 million) of their fortune.
Ray and Barbara Wragg have made countless donations to charity and spent money on family and friends since winning the jackpot six years ago.
Weston Park Hospital in Sheffield, which specializes in cancer treatment, and Sheffield Children's Hospital have been the main beneficiaries.
We decided that 7.6 million was too much for two pe ...
Dec 14, 2006, 2:21 pm - Lottery News forum
Secrets of lottery millionaires
As the 2,000th UK Lottery millionaire pops the champagne, 16 former jackpot winners shared how their money has been spent and how their lives have changed.
I'VE BOUGHT AN ACRE OF THE MOON, VENUS AND MARS
David Copeland, 31, is single and lives in Hereford in a modest two-bedroom Sixties house.
Occupation: Former lab technician.
Won: 1,000,000 on January 4, 2000.
First purchase: On the day I won, I went to the supermarket and bought half a dozen bottles of champagne to s ...
Dec 11, 2006, 11:48 am - Lottery News forum
The hidden Lotto millionaires
They have wealth beyond their wildest dreams but nobody knows. In the Irish province of Ulster some of the millionaires have made their identities known to the world, but most have not.
They are the next door neighbors who hide the secret that they are millionaires.
Some are scared their wealth will end lifelong friendships. And some worry that new found friends would be attracted by their money and nothing else.
They are the National Lottery millionaires who go to amazing lengths to ...
Dec 11, 2006, 8:30 am - Lottery News forum