Posted on 10/06/2017 1:59:42 AM PDT by SMGFan
IOWA CITY, Iowa — A decade after Colorado engineer Amir Massihzadeh hit the lottery, two state agents visited him with stunning news: He was likely the only legitimate winner of a $4.8 million jackpot he'd had to split three ways.
They told the Boulder resident that the other two people who had won the 2005 drawing were linked to a conspiracy in which a lottery insider and several cohorts had rigged drawings in several states. Now Massihzadeh, 62, is suing for the rest of the winnings that he feels should have been his.
Massihzadeh filed a lawsuit Thursday against the Colorado State Lottery, arguing he should be declared the sole winner and that the $800,000 cash prize he opted to receive should have been tripled. Accounting for 12 years of interest, he is seeking about $4 million from the lottery for what he calls a breach of contract.
(Excerpt) Read more at msn.com ...
if the drawing was not rigged - this guy may not have won at all, maybe other numbers would have come up instead?
(I did not read full article, just my first thought he may want to just be happy for what he already received)
Massihzadeh?
A correction for inflation should also be calculated.
Interest rates have not kept up with inflation.
Possibly true.
But the numbers would have been certified by the state gaming commission and given that he was the only player with those winning numbers who was not party to the fraud he should be the official winner.
And don’t use the inflation rates published during the Obama administration.
Those numbers were falsified to make Obama’s government look good and to keep the SS inflation adjustment low.
Samir Massi..., Massi..., well, not gonna work here anymore.
(Office Space)
A Hindu word meaning "equal before the law."
($4,000,000/$800,000)^(1/12)-1 = 14.35%
He'd be doing fine. He'll settle for a lot less. Interest rates have inflation built in, which is why mortgage rates were 18% during the last days of the Carter misadministration. Inflation in the U.S. has been pretty tame over the past 30 years. Thanks again, Ronald Reagan.
Median income declined during the Obama years, which contributed to lower inflation. I suspect, left to his own devices, Obama would have gone full Mugabe, seeing debasement of the currency and the roaring worldwide economic calamity that ensued as a crisis too good to waste. Not enough Democrats were that suicidal.
Inflation is war on creditors by debtors. People receiving a defined benefit pension are creditors, the government is very much a net debtor. Johnson tried to pay off the national debt with monopoly money, but the markets caught on quickly.
If you or I were running the SS Ponzi scheme, we’d be on tv doing the perp walk... Hi Mom!
>>Massihzadeh?<<
Sounds like a character on “Lucifer.”
Madoff was a piker. He should have run for Congress and gone really big.
Depending on the state, most judicial interest rates are 6% or 9%.
This is to make it easier to roll in punishment and any other adjustable rates easily.
Then maybe your half-baked speculation is a waste of space and everybody's time?
Good point.
And adjusted for the true inflation rate, not the stated one.
Even at 6 or 9% it would be well below the real inflation rate for the last 10 years
Iranian.
Real inflation has been more than 9% over the last 10 years? Based on what?
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