Connecticut to audit lottery winners for back taxes
After successfully targeting deadbeat parents, the state of Connecticut is going after tax evaders' lottery winnings.
Beginning Dec. 31, a new law will take effect requiring the Connecticut Lottery Corporation to deduct delinquent taxes, crosschecked with the Department of Revenue Services, from any claim of $5,000 or more.
If someone is lucky enough to win a lottery prize and they also owe back taxes, it is reasonable to collect those taxes at that time, co-sponsor Rep. Gerald Fox, D-Sta ...
Dec 20, 2011, 7:42 am - Lottery News forum
Retailer perspective: Selling a $254M lottery ticket
At first, Ranjit Singh didn't recognize the name of the customer who bought the quarter-of-a-billion-dollar-winning Powerball ticket across the counter of his gas station on Nov. 1. But then when he saw the man on television, he remembered. All of the employees of the BP on McGee Avenue in Stamford recognized him. He lived in the condos you could see from the station. He came in almost every workday and bought a cup of coffee on his way to work. Mr. Singh is pretty sure he remembers now, he told ...
Dec 12, 2011, 3:03 pm - Lottery News forum
Ct. Powerball lottery winners signed affidavit swearing they are only members of trust
The trust fund established by three Greenwich men who claimed the $254 million Powerball prize last month will expire in one year and the money will then go into a second trust, according to a copy of the trust agreement obtained by local media.
The three men signed an affidavit the day after a press conference announcing the Putnam Avenue Family Trust as the winner, swearing that the second trust named the West Putnam Avenue Trust has no silent partners and that no person ineligible to win t ...
Dec 7, 2011, 9:11 am - Lottery News forum
Powerball lottery winners award $1 million in grants
Three Connecticut men who claimed a $254 million Powerball jackpot last week made good on their statement that they would be immediately donating a sizable amount to charity.
The trustees of the Putnam Avenue Family Trust has awarded their first $1 million in charitable grants to five veteran support organizations.
The Putnam Avenue Family Trust was set up after the winning Connecticut lottery ticket, worth $254 million, was bought.
The organizations were selected on their proven abilit ...
Dec 5, 2011, 12:24 pm - Lottery News forum
Connecticut Powerball mystery deepens
Includes video report
Three money managers who claimed the state's record-breaking $254.2 million Powerball jackpot on Monday may still have a fight ahead of them in the court of public opinion.
A day after the trio announced they had scored the windfall on a $1 ticket one of them bought at a gas station, media reports surfaced Tuesday that the men had in fact acted on behalf of an anonymous client.
The speculation started almost immediately: Who could the mystery buyer be? A lucky hedg ...
Nov 30, 2011, 12:26 pm - Lottery News forum
Asset managers accused of fronting for real $254M Powerball winner
For three men who had apparently just won $254 million they looked far from ecstatic.
And last night the three wealthy bankers who came forward to claim a record Powerball jackpot were facing claims that they were not in fact the real winners.
An anonymous man one of their clients is said to have actually purchased the ticket but came to the trio to avoid the 'hassle' of his name becoming public.
They then allegedly set up a trust 'as a front' so that Tim Davidson, Brandon Lacoff, and G ...
Nov 29, 2011, 7:46 am - Lottery News forum
$254M Ct. Powerball jackpot claimed by 3 asset managers
Includes video report
The mystery winners of a $254 million Powerball jackpot, a record for Connecticut, need only look in the mirror for wealth management advice.
All three work for a boutique money management firm in Greenwich, which has fewer assets under its control ($82 million) than their newfound winnings.
Greg Skidmore, Brandon Lacoff and Tim Davidson of Belpointe LLC revealed themselves as the winners during a check presentation Monday at the Connecticut Lottery headquarters in ...
Nov 28, 2011, 8:12 pm - Lottery News forum
Another man claims to have lost $254M Powerball ticket
So close to $254 million and yet so far away.
That could be the case for a 21-year-old Danbury customer who said he had the winning ticket for the Nov. 2 Powerball drawing but lost it.
The $254 million prize was the biggest Powerball jackpot in Connecticut history and the 12th biggest jackpot in Powerball history.
At a 7-Eleven on Mill Plain Road, owner Abu Sayed said a 21-year-old customer claimed to have lost the winning ticket: 12-14-34-39-46, Powerball 36.
Sayed is skeptical.
Nov 17, 2011, 8:53 am - Lottery News forum
Ct. Lottery still looking for $254.2M Powerball winner
The search is still on for the $254.2 million Powerball jackpot winning ticket for the November 2, 2011 drawing the largest prize ever won in Connecticut Lottery history.
Lottery officials confirm that the winning ticket was sold in Fairfield County. Further details will not be available until the winner comes forward to make the unprecedented claim.
The winning numbers on November 2 were 12, 14, 34, 39, and 46, with Powerball number 36. The Power Play multiplier number was 4.
The Conne ...
Nov 9, 2011, 9:37 am - Lottery News forum
Ct. man claims he lost $254M Powerball ticket
Includes video report
Someone in Connecticut bought a lottery ticket worth $254 million but, so far, nobody knows who it is.
Powerball officials say someone in Fairfield County bought a Powerball ticket matching all six winning numbers 12, 14, 34, 39, 46, and 36. Local rumor has it that the ticket was sold at Belltown Superette in Stamford, a store with a reputation for selling winning tickets.
My grandfather right here, number 29. He played my aunt's ... that's my aunt's birthday. He ...
Nov 6, 2011, 8:45 am - Lottery News forum