Asset managers accused of fronting for real $254M Powerball winner

Nov 29, 2011, 7:46 am (80 comments)

Powerball

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 Greg Skidmore could be the public face of the win.

In a further twist, it was also claimed that rather than donate a large proportion of the money to charity, the winner has requested that the majority just be invested for his personal gain.

The explosive claims blow apart the fairytale story that Davidson bought the ticket at a gas station in Greenwich Connecticut for $1.

It would also explain the bankers' sheepish performance at a press conference to collect their 'jackpot', during which they refused to discuss their relationship with each other.

It had been suggested that Davidson bought his ticket on November 1 and the following day they realised their numbers had come up, beating odds of 195,249,054 to one.

The jackpot was the largest ever won in Connecticut and the 12th biggest in Powerball history.

It means they will take the after-tax lump sum of nearly $104 million in cash between them.

Now, according to a family friend who has known Lacoff since he was a boy, the truth behind what happened is very different.

Tom Gladstone said that a client at investment company Belpointe LLC, which was founded by Lacoff and provides investment advice, much of it to wealthy individuals, was the real winner.

He, Davidson, and Skidmore then set up the Putnam Avenue Family Trust which will allow the man to keep out of the spotlight.

Gladstone, a real estate agent who rents Lacoff the Belpointe office space, said: "The person who really won it is anonymous.

"They set up the trust so that Brandon and his two partners could claim they won it and that the real winner wouldn't get hassled.

"They have said they are going to give it to charity but they are going to manage the money. They are going to make a donation but they keeping a large proportion of the money and they are going to manage it.

"The winner is a client of theirs and their clients are a mixture of larger and smaller investors. By Wall St standards they are not big players.

"They set up the trust as a front to ensure their client anonymity. It clearly took them some time to work it out as they won on November 1, realised the next day and have only now come forward.

"I saw Brandon last Friday and he didn't say a word to me. They are smart, rich Greenwich men."

Gladstone added that he had known Lacoff's father Marty, an anti-trust lawyer, for 30 years and that the family were 'hard working people'.

He said, "Brandon is a good kid, I don't know how else to describe him. Obviously the client is putting their faith in him to look after this very substantial amount."

According to the story which has been told so far, Davidson bought the $1 quick pick ticket for the November 2 drawing at the Shippan Point BP gas station in Stamford. It was the only ticket he bought.

During the press conference he and his two colleagues sat stoically at a conference table sipping bottled water as Jason Kurland, the group's attorney, answered questions but declined to address basic issues about the win.

Kurland said, "Obviously, everybody is extremely excited. These numbers are huge. This is going to benefit many people.

"From the first conversation I had with them, it was very philanthropic.Charities was definitely, probably No. 1 on their priority list."

As they were leaving the news conference, Skidmore stopped at the microphone to identify himself and his partners and said, '"And it feels good," before leaving the room.

The winning numbers were 12-14-34-39-46, Powerball 36.

Lottery officials had used billboards across the state to urge the ticket holder to come forward as the weeks went by without a winner.

Kurland said the group called him the day after the draw.

Kurland said, "They thought they were the winners, and then, that night, I think, one of the local TV stations had the numbers, and the Powerball number was wrong on the TV screen, so that put them into a little bit of a tizzy.

"But the news, to their credit, corrected it a few hours later, and they were confident they had it."

According to the Securities and Exchange Commission, Belpointe manages $82 million which makes it a boutique investment firm by the standards of many New York finance houses.

Lacoff was an accountant for Ernst & Young before founding an investment company known Belray capital, which became Belpointe LLC.

He "owns a number of properties and businesses throughout the region," according to the Belpointe website.

Skidmore, the company's president and chief investment officer, formerly worked as an investment banker for a subsidiary of AXA Financial Services and Citigroup.

He is a former member of the U.S. sailing team who was once an Olympic hopeful, according to the company's website.

He is also the grandson of Louis Skidmore, the notable American architect and founder of the firm Skidmore, Owings, and Merrill, which created the Sears Tower in Chicago amongst other buildings.

Davidson started his career at a French bank where he worked in foreign exchange before moving on to advise companies, hedge funds and "ultra high worth" individuals.

When Lacoff's mansion was contacted in Greenwich, a woman answered the phone and said, "He's not in. He is not taking calls at the moment. Bye."

Mail Online, Lottery Post Staff

Comments

joshuacloak's avatarjoshuacloak

i even posted a thing in "many what if threads"  on lottery post about such a event , before it even happened

 the thread was don't trust lottery winner press conference ,

https://www.lotterypost.com/thread/236325/2218953

 

"funny thing, i  had my idea's on this one,     

 

like name my trust, mexican investments inc  trust, or whatever

hire some decent stand in, who lips are sealed"acter"

who is a mexican, ofc he be a husky guy wearing a  sombrero hat, giant sun glass's, and a fake santa bread. 

and do the press conference acting as if he sole winner

, where the lawyer telling media plz don't ask who the winner is, i let winner tell you hes story thro:

stand in comes on stand, hitting key story telling points.

 saying he wish's to keep hes identy a serect for him self and, due to where  hes extended family lives in mexico where kidnaping is high rate. and he don't want to put their lifes at risk

"media guilt to stay out of hes life" epic win!

and give them a  classic hes a mexican who mom came to american for american dream. to support her boy/ family,  and how he promise's to take care of all hes relatives back home in mexico and buy hes mom  ever thing she dreams of'

 

while me and my laywer 2 weeks later

am in hes office having a meeting about investments, we  are  Laughing our butts off about how easy it is to trick everyone.


ofc, i be moving into a new area where all the rich people live and hang out, , and no one wiser as am not a mexican.  and no one put new rich white guy+ lottery winner in same thinking at same time. 

all part of cover to not only hide  who i am form public, but to trick them so they never have a Clue

So i agree, don't trust lottery winner press conference,"

 

they just replaced my mexicon cover story, with wealth managers being the decoy role. genius none the less, the fact am seeing this play out in real life, when i dreamed of such trickery, rofl.

 

i was fooled for first 24 hours. not many more am not,!    i did find it bit odd, i blow it off they was just freinds that 1 ticket got spit 3 ways.

now with close friend claiming other wise, it does make sense.....

 

i was thinking why they take more then 2 weeks, losing bank interest, now i know, it was to make sure their real winner/cilent  was hidden, by trying to pulla  fast one over us

the fact is, the real winner is hidden in that trust, that trust could pay to a  2nd trust, where real winner is , we public  will Never know, long as they keep it hidden.

this is using trust the right way, they just added whole decoy  element to try to fool everyone. LOL 

 

they are wealth managers for rich people, now they have their richest cilent ever, they would glady do all this stuff,  you have a cilent thats 2x the net worth of all your old cilents, you will glady work your ass off . as what is taking place is their efforts to help winner never be know, take the fall them self's LOL

Starr920

What a hoot this one turned out to be - smart move by Mr. Anonymous.  So the Belpointe Group weren't the real winners - who cares - they now have over $100 million to manage for the real winner.  It is what it is folks - I say more power to themThumbs Up

From Connecticut Lottery Website:

Certain information regarding our winners is published and made available.  The Lottery will publish and upon request, make available a winner's name, city or town of residence, date and amount of win and the name/location of the retailer that sold the winning ticket.  A winner's home or street address and phone number are not published and will not be disclosed unless required by law.

While most winners claim prizes using their individual names, periodically, winners do come forward using other legal entities (i.e., trusts, business partnership) to claim their prizes.  In those instances, the Lottery will promote the win using that legal entity's name.

Publicizing that "real people" really win is important in maintaining the public's trust in our games. 

Slick Nick's avatarSlick Nick

From the beginning I thought this was a fishy story about the winners, etc.. I found it odd that 3 people would buy just one ticket. Usually people buy a few tickets. With a bit of humor, their total investment would have been 33 1/3 cents apiece. I wonder how they made that 1 penny into thirds?   Dance

TheRightPrice

According to Good Morning America, a source close to one of the 3 men is saying that the 3 men are not the real winners and they are covering up for the real winner which IS ILLEGAL.

This source also says that the winner has no intention of donating money to charity.

 

Here's my opinion folks, It's the Lottery's fault. With such a huge amount of cash involved, anonymity is essential for safety and people wouldn't have to come up with such elaborate schemes to claim their prize.

Kidzmom's avatarKidzmom

This is too funny....

Todd's avatarTodd

Quote: Originally posted by TheRightPrice on Nov 29, 2011

According to Good Morning America, a source close to one of the 3 men is saying that the 3 men are not the real winners and they are covering up for the real winner which IS ILLEGAL.

This source also says that the winner has no intention of donating money to charity.

 

Here's my opinion folks, It's the Lottery's fault. With such a huge amount of cash involved, anonymity is essential for safety and people wouldn't have to come up with such elaborate schemes to claim their prize.

I don't think there's anything illegal about it whatsoever.  Maybe you could ellaborate on what law was broken?

Whether or not someone decides to donate some of their money is their own personal choice.  It does not make a person "good" or "bad" to donate money (or not).  It is a voluntary act, as it should be.

TheRightPrice

Quote: Originally posted by Todd on Nov 29, 2011

I don't think there's anything illegal about it whatsoever.  Maybe you could ellaborate on what law was broken?

Whether or not someone decides to donate some of their money is their own personal choice.  It does not make a person "good" or "bad" to donate money (or not).  It is a voluntary act, as it should be.

I did not say it was Illegal. I don't se how it is. BUT  GMA is reporting that is Illegal. I have GMA on now and if they repeat the story I'll pay closer attention as why it is illegal.

 

Oh yeah, I agree with you, whether money is donated to charity or not is irrelevant. I'm just reporting what the GMA story said.

Todd's avatarTodd

Quote: Originally posted by TheRightPrice on Nov 29, 2011

I did not say it was Illegal. I don't se how it is. BUT  GMA is reporting that is Illegal. I have GMA on now and if they repeat the story I'll pay closer attention as why it is illegal.

 

Oh yeah, I agree with you, whether money is donated to charity or not is irrelevant. I'm just reporting what the GMA story said.

OK, I thought when you said "...they are covering up for the real winner which IS ILLEGAL" that you were saying it is illegal.

I'm not sure what grounds GMA would have to say that claiming a jackpot for another person is illegal.  It's been done hundreds, maybe thousands, of times, in order to get around the lotteries' insistence that winners be made public.

GiveFive's avatarGiveFive

Quote: Originally posted by Slick Nick on Nov 29, 2011

From the beginning I thought this was a fishy story about the winners, etc.. I found it odd that 3 people would buy just one ticket. Usually people buy a few tickets. With a bit of humor, their total investment would have been 33 1/3 cents apiece. I wonder how they made that 1 penny into thirds?   Dance

Yeah, it does sound kinda fishy that 3 guys split a $1.00 dollar QP. 

My question is; how did they decide amongst themselves which one of 'em wuz gonna have to pony up the extra penny? 

The whole thing is super-smart if ya ask me.  Merry Christmas now baby!

joshuacloak's avatarjoshuacloak

GMA has no grounds.  todd is right.

am sure its classic,  assumption is mother of all f-ups

some dumb reporter,

the fact is trust, claimed, its Only winner to public face

the trust claimed, their was no law broken, lawyer acts as winner , claiming for trust, NO laws was ever broken.

 

The Three Musketeers, showed up to fool us, as they are managing real winners money, they can be said in a legal way to be fall guys.

 

the 3 wealth asset managers"The Three Musketeers"  , met real winner, who said,  i want you guys to handle my investments for me,  o btw, i also want my name kept hidden, they bring in their best lawyer pal to help out with trust paperwork.

 

trusts are made, plans are setup, and almust 1 month later, here they are, showing up in a very large stretch limo , fooling everyone"for first few hours"

the fact is, once money in a trust, their many ways to send the money to other trusts, the lottery them self's don't have access to anything but frist trust

only irs knows who real winner is besides the layyer and assest manager. rofl.

these guys are handleing the money, todd is right also, when he says ,this trick has been done Many times before, its just now the lawyers,assest managers  are trying it.

  they had me fooled first 24 hours. , so good for them ,   am happy someone tryed it out,

thro putting the decoy names out their, for close freinds to rat them out, is why, i had my decoy, also not want hes name out their" so no reporting could be done to uncover the fact hes my fall guy"

savagegoose's avatarsavagegoose

Quote: Originally posted by GiveFive on Nov 29, 2011

Yeah, it does sound kinda fishy that 3 guys split a $1.00 dollar QP. 

My question is; how did they decide amongst themselves which one of 'em wuz gonna have to pony up the extra penny? 

The whole thing is super-smart if ya ask me.  Merry Christmas now baby!

hey that extra penny is now worth $1.04 million dollars.

imash85

Good for the real winner. Very smart.

Starr920

Quote: Originally posted by Todd on Nov 29, 2011

OK, I thought when you said "...they are covering up for the real winner which IS ILLEGAL" that you were saying it is illegal.

I'm not sure what grounds GMA would have to say that claiming a jackpot for another person is illegal.  It's been done hundreds, maybe thousands, of times, in order to get around the lotteries' insistence that winners be made public.

IMHO, GMA put that spin on the story to appeal to people who don't like to see a rich person win the lottery.  When I heard the word "illegal" I went straight to CT website and the answer was right there for all to see.  Nothing illegal about itNo No  I'm sure GMA has enough interns on staff who could have done the same thing.

Now if the winner had been that garbage man or the 21 year old kid who claimed they lost the ticket, I'm pretty sure GMA would have done a feel good story on how great it is to see a regular person win the lottery. 

PERDUE

Who gives a SH*T about who won or cashed in this fu*king ticket!!!!!

Fact: The DA*N ticket has finally been cashed in!!

Reality: Move on the the next drawing and move on with your lives.

I am so tired of the media making a big hoopla about this fricking ticket!!

Be honest, Do you REALLY care about who won?

I'm just thrilled that the ticket has been cashed and the jackpot won't be "rolled back into the system".

GOOD GRAVY, give it a rest.

If anything, start fraudulent claims charges against the knuckleheads that "claimed" to have lost the winning ticket. Turkey

Is there so little going on in this pathetic world that the media have to run stories like this?

After all, as stated in previous posts, thousands of people have used a hired mouth piece or dummy front to cash in jackpot tickets.

Sometimes the American media makes me wonder about how brain damaged they really are.Chair

sully16's avatarsully16

Congrats to the winners.

dpoly1's avatardpoly1

Oh no ........... investment for personal gain ........................ how shocking!

Jester Laugh

If it weren't for the Greed of Envy Crowd like "Occupy", you wouldn't have to worry about coming forward !!!

Captain Lotto's avatarCaptain Lotto

I think they should have told the truth. Just tell us you represent the winner. Big deal.

Many have formed trusts - we understand that's to protect the identity of the winners. They succeeded in bringing more scrutiny to the win and raising questions about their integrity.

dpoly1's avatardpoly1

Time for PA to get our 1st Mega Millions win.

I will just hide after I claim the jackpot!

VAHopeful's avatarVAHopeful

Welp, that would answer my question as to why they formed a trust but still showed for the press conference. Can't blame the winner at all for the ruse.

hearsetrax's avatarhearsetrax

Crazy@ the Real winner and bless him/her/them ...... who cares who

Coin Toss's avatarCoin Toss

Asset managers accused of fronting for real $254M Powerball winner

Otherwise known as "sending in a beard."

Looks like these guys and the winner formed their own Jackpot Winner Protectin Program.

I say good for them.

louise black

Quote: Originally posted by Slick Nick on Nov 29, 2011

From the beginning I thought this was a fishy story about the winners, etc.. I found it odd that 3 people would buy just one ticket. Usually people buy a few tickets. With a bit of humor, their total investment would have been 33 1/3 cents apiece. I wonder how they made that 1 penny into thirds?   Dance

I Agree!Thumbs Up

patwins

I think it's smart to keep your identity private.  It's also smart to create an entity to manage the money.

 

I don't see a story here - it looks like the lottery officials and the journalist took the low road.

ChaosX's avatarChaosX

I liked the story when it was about 3 people paying 33.333 cents a piece to split a QP ticket instead.

louise black

Quote: Originally posted by PERDUE on Nov 29, 2011

Who gives a SH*T about who won or cashed in this fu*king ticket!!!!!

Fact: The DA*N ticket has finally been cashed in!!

Reality: Move on the the next drawing and move on with your lives.

I am so tired of the media making a big hoopla about this fricking ticket!!

Be honest, Do you REALLY care about who won?

I'm just thrilled that the ticket has been cashed and the jackpot won't be "rolled back into the system".

GOOD GRAVY, give it a rest.

If anything, start fraudulent claims charges against the knuckleheads that "claimed" to have lost the winning ticket. Turkey

Is there so little going on in this pathetic world that the media have to run stories like this?

After all, as stated in previous posts, thousands of people have used a hired mouth piece or dummy front to cash in jackpot tickets.

Sometimes the American media makes me wonder about how brain damaged they really are.Chair

Yeh, who cares but it did prove a point that there something wrong with this story, it wasn't adding up!No Nod Good Enough!No No I will do the same when my ticket come in , but i will give to worthy causes.Blue Angel

faber98

Quote: Originally posted by louise black on Nov 29, 2011

Yeh, who cares but it did prove a point that there something wrong with this story, it wasn't adding up!No Nod Good Enough!No No I will do the same when my ticket come in , but i will give to worthy causes.Blue Angel

the best thing about this is that rdgrnnr was wrong in his assessment yesterday. the know it all from the appalachians actually believed these frauds.

louise black

Quote: Originally posted by faber98 on Nov 29, 2011

the best thing about this is that rdgrnnr was wrong in his assessment yesterday. the know it all from the appalachians actually believed these frauds.

Yeh, rdgrnr did fall for it hook ,line and pole.Green laugh

Mario38

Quote: Originally posted by faber98 on Nov 29, 2011

the best thing about this is that rdgrnnr was wrong in his assessment yesterday. the know it all from the appalachians actually believed these frauds.

He made the wrong assessment because he automatically took the opposite view of mine. I first announced the 3 investment advisers were probably acting as a front and rdgrnr disagreed immediately never wanting to appear to agree with me.

Todd's avatarTodd

Quote: Originally posted by Mario38 on Nov 29, 2011

He made the wrong assessment because he automatically took the opposite view of mine. I first announced the 3 investment advisers were probably acting as a front and rdgrnr disagreed immediately never wanting to appear to agree with me.

Well, normally that logic is flawless. Razz

Keystone's avatarKeystone

I think this was a good idea.....................some people with families don't want to be in the spotlight and have media people and people off the street knocking on their doors to do interviews or begging for money.  Some people also like to live a humble lifestyle even after a big win.......................

I think setting up a trust and letting businessmen claim it is a good idea

GiveFive's avatarGiveFive

IMHO, the theory of these 3 guys fronting for the real winner is very plausible.

I'm curious as to wether or not the real winner initially approached them (as professional money managers) to manage his newly gained wealth for him/her, and did they subsequently float the idea to the real winner for them pose as the winners?

Because it took approximately one month for them to surface, I don't believe these three professional money managers didn't discuss amongst themselves, the subject of them having their lawyer state only one of them purchased a one dollar QP ticket, and that it wouldn't be questioned. 

Looking at it a different way, they're money pro's.  What money pro would form a "loosey-goosey" undocumented everyday/ordinary workplace lottery pool (that's typically formed by people who aren't professional money handlers), and only have a total of one dollar in the pool?  C'mon Man!

RJOh's avatarRJOh

Asset managers accused of fronting for real $254M Powerball winner

Regardless of whether the winner was poor or rich before winning this jackpot, it was wise to get a lawyer and a money management team to front of him/her to make the claim.  He/She has avoided what Jack Whittaker of West Virgina went through when he claimed his PB jackpot in person with his family.

louise black

Quote: Originally posted by RJOh on Nov 29, 2011

Asset managers accused of fronting for real $254M Powerball winner

Regardless of whether the winner was poor or rich before winning this jackpot, it was wise to get a lawyer and a money management team to front of him/her to make the claim.  He/She has avoided what Jack Whittaker of West Virgina went through when he claimed his PB jackpot in person with his family.

Right you are!Thumbs Up

s5thomps's avatars5thomps

Quote: Originally posted by RJOh on Nov 29, 2011

Asset managers accused of fronting for real $254M Powerball winner

Regardless of whether the winner was poor or rich before winning this jackpot, it was wise to get a lawyer and a money management team to front of him/her to make the claim.  He/She has avoided what Jack Whittaker of West Virgina went through when he claimed his PB jackpot in person with his family.

                "DON'T HATE THE PLAYERS, HATE THE GAME!"

 Smart move on their part. Now they don't have to worry about all the sob stories and people begging for money.

                                                                          I Agree!

NoShame's avatarNoShame

It did seem unusual that an asset firm that won twice as much money in a lottery win than their workplace possesses would give most of that money away.  I mean they could've used that money to increase their business tenfold and then have enough money to get really charitable.  But then what do I know about how money works?  It makes sense now but I fear that taking back their original plans to donate the money to charities is going to come back and bite them.  The majority of the public will not take that news well.  Some might end up suing the firm and demand the lottery winner give the money to charity as originally promised.  It kinda sucks but one should never say they're going to give that money to charity and then take it back.  Things are going to get ugly.

nanaimo

atleast the lost ticket mystery has been solved,good luck to the REAL winnerParty

RJOh's avatarRJOh

Quote: Originally posted by NoShame on Nov 29, 2011

It did seem unusual that an asset firm that won twice as much money in a lottery win than their workplace possesses would give most of that money away.  I mean they could've used that money to increase their business tenfold and then have enough money to get really charitable.  But then what do I know about how money works?  It makes sense now but I fear that taking back their original plans to donate the money to charities is going to come back and bite them.  The majority of the public will not take that news well.  Some might end up suing the firm and demand the lottery winner give the money to charity as originally promised.  It kinda sucks but one should never say they're going to give that money to charity and then take it back.  Things are going to get ugly.

Some might end up suing the firm and demand the lottery winner give the money to charity as originally promised. 

I don't recall anyone but the lawyer saying anything, the three money managers or their client didn't say anything.  Besides, what charity would they sue for except themselves?

jacal5

Why is this being spun as a negative thing?  I know a girl who won $3 million in the NJ lottery and she was hounded so much by people wanting her to buy products and services that she was sorry she won.

Why is a winner sometimes expected to give money to charity?  It's bad enough he/she has to give plenty to the charities called the U.S.Government and the State of Connecticutt.   Are the charities willing to reimburse him for all the lottery tickets he/she bought over the years to finally win?   I bet no one offered to give he/she money to play the lottery, but now that he/she is a winner, everyone would have had their hands out for a piece of the pie, but this winner is too smart for that!

 

Congrats!

RJOh's avatarRJOh

Quote: Originally posted by nanaimo on Nov 29, 2011

atleast the lost ticket mystery has been solved,good luck to the REAL winnerParty

There's one of those for almost any jackpot that goes a week without being claimed.

dpoly1's avatardpoly1

Quote: Originally posted by jacal5 on Nov 29, 2011

Why is this being spun as a negative thing?  I know a girl who won $3 million in the NJ lottery and she was hounded so much by people wanting her to buy products and services that she was sorry she won.

Why is a winner sometimes expected to give money to charity?  It's bad enough he/she has to give plenty to the charities called the U.S.Government and the State of Connecticutt.   Are the charities willing to reimburse him for all the lottery tickets he/she bought over the years to finally win?   I bet no one offered to give he/she money to play the lottery, but now that he/she is a winner, everyone would have had their hands out for a piece of the pie, but this winner is too smart for that!

 

Congrats!

I Agree!

VAHopeful's avatarVAHopeful

Quote: Originally posted by GiveFive on Nov 29, 2011

IMHO, the theory of these 3 guys fronting for the real winner is very plausible.

I'm curious as to wether or not the real winner initially approached them (as professional money managers) to manage his newly gained wealth for him/her, and did they subsequently float the idea to the real winner for them pose as the winners?

Because it took approximately one month for them to surface, I don't believe these three professional money managers didn't discuss amongst themselves, the subject of them having their lawyer state only one of them purchased a one dollar QP ticket, and that it wouldn't be questioned. 

Looking at it a different way, they're money pro's.  What money pro would form a "loosey-goosey" undocumented everyday/ordinary workplace lottery pool (that's typically formed by people who aren't professional money handlers), and only have a total of one dollar in the pool?  C'mon Man!

I agree the theory of them fronting for the real winner is probably what happened, but, here's a scenario where they could have formed an impromptu pool: maybe they just pulled up to get gas, went in to get a drink or smokes or something, saw a lottery sign promoting how big the jackpot was, joked they should go in together to buy some tickets, but since they don't usually carry cash because they use their debit/credit cards for everything since it's much easier to track and receipt things, between them they only had less than $2 in change so they could only buy 1 ticket, since it was an impulse buy, they didn't think anything more about it until the next day when they heard someone won.

VAHopeful's avatarVAHopeful

Quote: Originally posted by jacal5 on Nov 29, 2011

Why is this being spun as a negative thing?  I know a girl who won $3 million in the NJ lottery and she was hounded so much by people wanting her to buy products and services that she was sorry she won.

Why is a winner sometimes expected to give money to charity?  It's bad enough he/she has to give plenty to the charities called the U.S.Government and the State of Connecticutt.   Are the charities willing to reimburse him for all the lottery tickets he/she bought over the years to finally win?   I bet no one offered to give he/she money to play the lottery, but now that he/she is a winner, everyone would have had their hands out for a piece of the pie, but this winner is too smart for that!

 

Congrats!

I agree with you!

RJOh's avatarRJOh

There's not stopping beggars and people looking for handouts from hounding the money managers for money but they might look as silly as a person trying to make a redraw from a bank in which they have no account.

cbr$'s avatarcbr$

PartyNo Pity!I don't see anything wrong with the real winner wanting to remain anonymous. setting up a trust fund was a excellent way to go. These gentlemen were only respecting their clients wishes . without their help , the true winner wouldn't have been able to stay out of the limelight, now this person is hassle free. Congrat's to the true winner no matter who you are. The celebration is for the true winner , the violin is for any one who can't understand this wants to keep a private live!

HiFi's avatarHiFi

well i can tell you this, those 3 asset managers wouldnt be doing him this big favor of accepting the check if he was some small time client.  this guy is rich, probably really rich.  i would have liked to see someone with much less win, oh well.

TheOtherOne's avatarTheOtherOne

Quote: Originally posted by HiFi on Nov 29, 2011

well i can tell you this, those 3 asset managers wouldnt be doing him this big favor of accepting the check if he was some small time client.  this guy is rich, probably really rich.  i would have liked to see someone with much less win, oh well.

Well yeah of course he's rich--254 Million rich! Lol

All I know is when I saw these 3 asset managers on the news I thought to myself "don't they know better than to put their own faces with this money? Why not set up a trust?"

So congrats to the real winner(s). I'm going to do the same thing when I win next year.

Captain Lotto's avatarCaptain Lotto

You can subtract your losses in a given year from your winnings, if you have the proof.

Win$500Quick's avatarWin$500Quick

If it doesn't make sense, it's not true!!

rdgrnr's avatarrdgrnr

Quote: Originally posted by faber98 on Nov 29, 2011

the best thing about this is that rdgrnnr was wrong in his assessment yesterday. the know it all from the appalachians actually believed these frauds.

I'm glad I could provide something to cheer your liberal ass up after the tragic news of Bawney Fwank retiring.  Sad

rdgrnr's avatarrdgrnr

Quote: Originally posted by louise black on Nov 29, 2011

Yeh, rdgrnr did fall for it hook ,line and pole.Green laugh

Louise! I'm shocked and appalled at your piling on like that! 

I would have never expected that from you!

Bad Weezy! Bad!   No No

rdgrnr's avatarrdgrnr

Quote: Originally posted by Mario38 on Nov 29, 2011

He made the wrong assessment because he automatically took the opposite view of mine. I first announced the 3 investment advisers were probably acting as a front and rdgrnr disagreed immediately never wanting to appear to agree with me.

Let me know if you prefer Crow or Humble Pie when the time comes.

You're believing exactly what they want you to believe. They didn't become successful by being big dummies.

There's no pressure on them now because they have everybody believing it's not their money. Nobody's gonna bother them about it - they're just managing it.

I'm sure they appreciate your cooperation.

Now get back to wondering who the real winner is.

Just like they know you will.

TheRightPrice

Folks, let it go.

Somebody won. Somebody doesn't want their life ruined by going public.

I'm sure everyone agrees. When you win the Lotto, you decide for yourself how you want to handle your money.

Winning the Lotto is supposed to be a good thing, but in today's day and age it's a dangerous thing.

faber98

sorry ridge, but it isn't like you not to have seen through this from the beginning. you are too astute to believe 3 investment bankers split a 1.00 ticket. come on. nice to see you are back on your game.

tiggs95's avatartiggs95

Quote: Originally posted by rdgrnr on Nov 29, 2011

I'm glad I could provide something to cheer your liberal ass up after the tragic news of Bawney Fwank retiring.  Sad

Nice ridge...Sweet...hee hee hee yah gotta love those liberals when they think they got something on yah..When left wing nutjob zigg the right ringers zagg!!!!..

rdgrnr's avatarrdgrnr

Quote: Originally posted by Todd on Nov 29, 2011

Well, normally that logic is flawless. Razz

Woooo hoooo!LOL

Comeback of the year! Thumbs Up

Thanks Todd.

GYM RICE

The last thing I would want to become public record is that 3 lawyers hired by me won MY large jackpot. The whole world would think these three guys are the winners. To me that gives the lawyers way to much leverage if they decide to steal your millions down the road. Just confusing the whole situation. I wouldn't doubt it if the guy who won got some more advice and was told that you better get the real story out there.

 

Not only that but didn't the Conn/lawyers now bring even more attention to the anonymous winner? Seems to me that if they just claimed it as a trust for a person who wants to be anonymous, the story really wouldn't have had as much mystery behind it as it does now. I could see someone now wanting to go dig a little and find out who the person is.

gra8*2win's avatargra8*2win

Inside Addition just aired this story and and they interviewed the store clerk who sold the winning ticket.....and one

of the 3 men claiming the money is the man who purchased  the single ticket......he is in that store on a regular

basis... so he is trying to camoflouge himself i believe...... but i don't blame him it will stop alot of non-sense before

it gets started....

myturn's avatarmyturn

Many winners, understandably, don't want their identity revealed. If I won a large sum in a US lottery I would be contacting a good reputable lawyer to help me maintain anonymity. Lotteries winners in Australia and the UK have the right to anonymity, most people support their right to anonymity, as they would like the same option if they won.

 

State Governments in the US should legislate to give lottery winners the right to anonymity.

 

Write to your Governor!

nickey t's avatarnickey t

TOM GLADSTONE <--- Bang Head THAT'S THE REASON ONE DOES NOT GO PUBLIC .. HE WAS SO QUICK TO TELL THE TRUTH ON BEHALF OF THE 'FAMILY FRIEND' .... WOW ... EVERY STATE HAS THE FINE PRINT THAT SAYS A PERSON CAN CLAIM WITH A TRUST/ESTATE AND HE JUST HAPPENED TO READ IT AND NOT GET PUNKED BY THE PRESS CONFERENCE JUNKIES ..

Coin Toss's avatarCoin Toss

Quote: Originally posted by Mario38 on Nov 29, 2011

He made the wrong assessment because he automatically took the opposite view of mine. I first announced the 3 investment advisers were probably acting as a front and rdgrnr disagreed immediately never wanting to appear to agree with me.

Mario38,

Your post + the rules copied in your sig,

"No Personal Attacks
Criticize ideas, not people.  Flaming will not be tolerated.  This includes any material which is vulgar, defamatory, inaccurate, harassing, hateful, threatening, invading of others privacy, sexually oriented, or violates any laws.
Do not pad your signature with extra blank lines.
Putting blank lines in your signature will not make it more noticeable.  It will make it annoying."
 

= OH THE IRONY.

Or is it simply that since you somehow, EH, honed in on rdgrnr, EH, in whatever universe you are in, EH, that was not criticizing rdrgnr, EH, but just an idea, EH?

_____________________________________________

From now on I'm going to do the opposite

George Cosranza, Seinfeld

.........f****** eh!

As for the investment advisers being front men, I think they were too, but "Vas you dere Charley?" certainly applies here.

grwurston's avatargrwurston

Now that this has come out, I think a lot of other future winners will now be doing the same thing. I know I will. (so much for my anomynity) lol.  But I would have done it anyway.

If the lotteries would give winners the option to remain anomymous, this would not happen. But with a lot of people looking for hand-outs or an easy payday, and the litigious world we live in nowadays, unfortunately people are left with no choice but to try to remain anomymous. Which should be their right.

Whether or not they decide to give to charities is their choice. No one told them what to do with their money when they didn't have any, why should people suddenly want to tell you what to do with it when you get some?

weshar75's avatarweshar75

To whomever won the lottery congrats and enjoy the money.  Which is why they probably had the trust set up for them.  Nice win!  Their is always another jackpot to win.-weshar75

mrbg's avatarmrbg

Congrats!!!!!!!!!!!!

NY216

I support what the real winner did. I already have official plans set up if I win a jackpot as I don't want anyone knowing I won. I will do whatever it takes to protect my identity & privacy.

freeobama's avatarfreeobama

The 3 asset managers do not have to give the real winner a penny since they claimed the jackpot!!!Evil LookingEvil LookingEvil Looking

TheRightPrice

Quote: Originally posted by freeobama on Nov 29, 2011

The 3 asset managers do not have to give the real winner a penny since they claimed the jackpot!!!Evil LookingEvil LookingEvil Looking

lol

freeobama's avatarfreeobama

The 3 asset managers stated that there are no secret lottery winner,they are the only three trustees of the jackpot. They plan on donating $1 million to a charity to help veterans and turning $100 million into $400 million.

jeffrey's avatarjeffrey

Quote: Originally posted by joshuacloak on Nov 29, 2011

i even posted a thing in "many what if threads"  on lottery post about such a event , before it even happened

 the thread was don't trust lottery winner press conference ,

https://www.lotterypost.com/thread/236325/2218953

 

"funny thing, i  had my idea's on this one,     

 

like name my trust, mexican investments inc  trust, or whatever

hire some decent stand in, who lips are sealed"acter"

who is a mexican, ofc he be a husky guy wearing a  sombrero hat, giant sun glass's, and a fake santa bread. 

and do the press conference acting as if he sole winner

, where the lawyer telling media plz don't ask who the winner is, i let winner tell you hes story thro:

stand in comes on stand, hitting key story telling points.

 saying he wish's to keep hes identy a serect for him self and, due to where  hes extended family lives in mexico where kidnaping is high rate. and he don't want to put their lifes at risk

"media guilt to stay out of hes life" epic win!

and give them a  classic hes a mexican who mom came to american for american dream. to support her boy/ family,  and how he promise's to take care of all hes relatives back home in mexico and buy hes mom  ever thing she dreams of'

 

while me and my laywer 2 weeks later

am in hes office having a meeting about investments, we  are  Laughing our butts off about how easy it is to trick everyone.


ofc, i be moving into a new area where all the rich people live and hang out, , and no one wiser as am not a mexican.  and no one put new rich white guy+ lottery winner in same thinking at same time. 

all part of cover to not only hide  who i am form public, but to trick them so they never have a Clue

So i agree, don't trust lottery winner press conference,"

 

they just replaced my mexicon cover story, with wealth managers being the decoy role. genius none the less, the fact am seeing this play out in real life, when i dreamed of such trickery, rofl.

 

i was fooled for first 24 hours. not many more am not,!    i did find it bit odd, i blow it off they was just freinds that 1 ticket got spit 3 ways.

now with close friend claiming other wise, it does make sense.....

 

i was thinking why they take more then 2 weeks, losing bank interest, now i know, it was to make sure their real winner/cilent  was hidden, by trying to pulla  fast one over us

the fact is, the real winner is hidden in that trust, that trust could pay to a  2nd trust, where real winner is , we public  will Never know, long as they keep it hidden.

this is using trust the right way, they just added whole decoy  element to try to fool everyone. LOL 

 

they are wealth managers for rich people, now they have their richest cilent ever, they would glady do all this stuff,  you have a cilent thats 2x the net worth of all your old cilents, you will glady work your ass off . as what is taking place is their efforts to help winner never be know, take the fall them self's LOL

will they take the money and run? they look like they could use the exercise.

mightwin's avatarmightwin

Yeah somethin aint right, but on a differrent note lets hope mega takes off like it did a year ago and we get to see a record jackpot for the new year.............come on mega!!!!!!!

Simba774

Quote: Originally posted by PERDUE on Nov 29, 2011

Who gives a SH*T about who won or cashed in this fu*king ticket!!!!!

Fact: The DA*N ticket has finally been cashed in!!

Reality: Move on the the next drawing and move on with your lives.

I am so tired of the media making a big hoopla about this fricking ticket!!

Be honest, Do you REALLY care about who won?

I'm just thrilled that the ticket has been cashed and the jackpot won't be "rolled back into the system".

GOOD GRAVY, give it a rest.

If anything, start fraudulent claims charges against the knuckleheads that "claimed" to have lost the winning ticket. Turkey

Is there so little going on in this pathetic world that the media have to run stories like this?

After all, as stated in previous posts, thousands of people have used a hired mouth piece or dummy front to cash in jackpot tickets.

Sometimes the American media makes me wonder about how brain damaged they really are.Chair

I agree. Who cares who the ticket belongs to?! It's not like this money is going to pay any of our bills. None of us didn't win. Let's move on.

rdgrnr's avatarrdgrnr

Quote: Originally posted by faber98 on Nov 29, 2011

sorry ridge, but it isn't like you not to have seen through this from the beginning. you are too astute to believe 3 investment bankers split a 1.00 ticket. come on. nice to see you are back on your game.

There was nothing to see through. One guy bought a ticket and split it with his buddies.

Just because a scenario can accommodate a given conspiracy doesn't automatically mean it is.

golfer1960's avatargolfer1960

Quote: Originally posted by rdgrnr on Nov 30, 2011

There was nothing to see through. One guy bought a ticket and split it with his buddies.

Just because a scenario can accommodate a given conspiracy doesn't automatically mean it is.

Hello rdgrnr,

I'm a long time reader of Lottery Post but a first time poster. I really enjoy reading your post. They are full of humor and common sense.

My girlfriend and I were reading this story and came up with another twist. What do you think?

1. Is it true that when you claim the ticket anonymusly under a trust, that the lottery and IRS know the name and SS# of the real winner even though the public doesn't?  If so, we feel the real winner is someone who didn't want the IRS and lottery commission to know who he was. Maybe he's famous, a criminal or tax evader.

If he had done if the normal way, his lawyer would have to give the name of the person who owns the trust to lottery commission and IRS but his identification would not be known to the public or press. Right?

2. We also feel the 3 amigos were used to sheild the real winner to garner publicity for their investment firm. Maybe the deal the real winner made with them was to let them claim the prize for him and in return he'd give them upfront fees, managing fees and all this free publicity for their investment firm. Does that sound reasonable?

Thanks in advance for your comments. I look forward to hearing from you and all the great LP posters.

I choose Tiger as my avatar because I love him and I love golf! Smile

kapla

Quote: Originally posted by grwurston on Nov 29, 2011

Now that this has come out, I think a lot of other future winners will now be doing the same thing. I know I will. (so much for my anomynity) lol.  But I would have done it anyway.

If the lotteries would give winners the option to remain anomymous, this would not happen. But with a lot of people looking for hand-outs or an easy payday, and the litigious world we live in nowadays, unfortunately people are left with no choice but to try to remain anomymous. Which should be their right.

Whether or not they decide to give to charities is their choice. No one told them what to do with their money when they didn't have any, why should people suddenly want to tell you what to do with it when you get some?

It would be REALLY funny if another CT winner went to those guys and asked them to do the same thing again for them!! Another press conference with them showing up saying they won, THAT would be funny!

joshuacloak's avatarjoshuacloak

they just came out and admited a key trust detail

they are the only 3 Trustees

 anyone who knows ever thing about trusts, would now know, Yes, in legal world, the trust won, and as only 3 "Trustees" the claim they made of them being the only 3 winners, is in legal speaking, True

 in reality, Who the bloody f is the Beneficiaries, that is real winner

The trustees are the legal owners of the trust's property. The trustees administer the affairs attendant to the trust. The trust's affairs may include investing the assets of the trust, "notice the words,  investing the assets,

and what  job do they have in real world?, o its  investing the assests for others"      hmm. sure .................   their the "real" winners alright. hahahahaha , if fall for that trick,   your a sucker for lawyer logic.

 

so when they claim they are the  only 3 winners, their not lieing any way "in legal sense" rofl ,  the trust won, as trustees, they are the 3 winners, its that simple in lawyer world.

the real winner is beneficiaries thro.  and that person or persons , is not wanting to be found out Rofl. good for them.

 

so now that i know these assest managers are only 3 trustees,   they may as will said in lawyer speak  " yes we are not real winners, we just managers of the money for someone else, who we never ever tell who it is.

why

 

, sense we as trustees have been ordered to kept the Beneficiaries  under wraps as per the trust rules duh , intentions of the settlor who made trust, and i have a funny feeling whoever the settlor is, is also the Beneficiarie , who put these 3 clowns as trustees.

 

i see their statement  as them being only 3 trustees, the nail in door, its now offical, they are not the Beneficiaries, they are just the money managers for someone else. anyone who says other wise, does not understand trusts,

rdgrnr's avatarrdgrnr

Quote: Originally posted by golfer1960 on Nov 30, 2011

Hello rdgrnr,

I'm a long time reader of Lottery Post but a first time poster. I really enjoy reading your post. They are full of humor and common sense.

My girlfriend and I were reading this story and came up with another twist. What do you think?

1. Is it true that when you claim the ticket anonymusly under a trust, that the lottery and IRS know the name and SS# of the real winner even though the public doesn't?  If so, we feel the real winner is someone who didn't want the IRS and lottery commission to know who he was. Maybe he's famous, a criminal or tax evader.

If he had done if the normal way, his lawyer would have to give the name of the person who owns the trust to lottery commission and IRS but his identification would not be known to the public or press. Right?

2. We also feel the 3 amigos were used to sheild the real winner to garner publicity for their investment firm. Maybe the deal the real winner made with them was to let them claim the prize for him and in return he'd give them upfront fees, managing fees and all this free publicity for their investment firm. Does that sound reasonable?

Thanks in advance for your comments. I look forward to hearing from you and all the great LP posters.

I choose Tiger as my avatar because I love him and I love golf! Smile

Hey golfer,

Thank you for your kind words.

Without going into all the minutia before all the facts are out, I would just say that everybody loves a good conspiracy and that I just don't happen to believe there is one here. Everyone else does. I think Mr Davidson bought the single-line ticket and quite possibly multiple single-line tickets for him and his buddies. I don't think it's any more complicated than that.

The only way this will be settled is if the picture of the guy buying the ticket is released.

If it's not Mr Davidson, I will stand corrected.

 

Welcome to Lottery Post, golfer!

zinniagirl's avatarzinniagirl

Does it really matter who the lucky person was that bought the ticket?   I buy tickets for my neighbor twice a week because I work in one state and live in another.   So the video camera would show my picture not my neighbor's picture.  So you all would say the same thing about my neighbor.  "He didn't buy the ticket, he must be covering for someone."

The prize has been claimed.   The Lottery and the IRS are satisfied.  They are the only ones that matter.  My congratulations to the three claimants.   Whether they are the beneficiaries and trustees or just the trustees is none of my business.   My best to them.   Enjoy the notoriety and the side benefits!

Captain Lotto's avatarCaptain Lotto

I think the point to releasing the winner's info is so the public can be confident that the Lottery is operating as it should - awarding prizes to actual winners.

I understand why people would prefer to be private - but you are taking that risk when you choose to play.

CashWinner$

Man oh Man --- [and I quote] ---

"It had been suggested that Davidson bought his ticket on November 1 and the following day they realised their numbers had come up, beating odds of 195,249,054 to one"...

Now Thems Some Odds - Jeeshhhh !!

GYM RICE

In 2005, a New Hampshire State Senetor won just under 1 million dollars in the lottery. Imagine if he was allowed to claim anonyomous but people found out later. Wouldn't you second guess trusting the lottery? I know I would.

haymaker's avatarhaymaker

Quote: Originally posted by GYM RICE on Dec 1, 2011

In 2005, a New Hampshire State Senetor won just under 1 million dollars in the lottery. Imagine if he was allowed to claim anonyomous but people found out later. Wouldn't you second guess trusting the lottery? I know I would.

interesting,details ?

don't recall hearing about this,

but i do recall that  N.H.is called tax-phobic. (hooray)

also,like their lic. plate slogan."live free or die"

End of comments
Subscribe to this news story