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To: AnotherUnixGeek

I remember seeing a show about lottery winners and one guy in Florida had bought a nice house, vehicles, statues of the Blues Brothers and other “art”. Yep, he was living the life.

A while later I saw another show about the lottery winner horror stories.... guess who was on it after losing everything??


26 posted on 02/21/2012 9:17:34 AM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: GeronL

If you’re talking about the person I think you are, I am loosely related to that guy. (My mom is his second cousin, I think). He won over $42 million in 2001 and is, as we speak, bed-ridden, ruined from a life of heroin and meth use. (I can’t confirm, but I think he lost his legs - as in amputated - from the drug abuse). He’s literally penniless.

He lost his multimillion dollar, Florida home because he failed to pay the home association dues and they auctioned it, per the regulations.


35 posted on 02/21/2012 9:39:24 AM PST by GreenAccord (Bacon Akbar)
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To: GeronL
Good point..studies have shown that most lottery jackpot winners end up broke..lots of reasons..the best thing they could do for everyone's sake is, IMHO eliminate the lump sum payment, and only make it available as an annuity over at oleast 20 years.

My all time fave is the guy, year's ago, in NY, Curits something....who won like $50 mil and shows up the next day to claim his prize, in a limo, dressed in a tuxedo, with a bowler hat, his wife, AND his girlfriend...whe that story broke, the over/under on how long before he went broke was about 10 years..it was less.l.

46 posted on 02/21/2012 10:34:16 AM PST by ken5050 (The ONLY reason to support Mitt: The Mormon Tabernacle Choir will appear at the WH each Christmas)
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To: GeronL

David Lee Edwards, a laid-off laborer in 2001 when he won $42 million from a $295 million Powerball drawing in Kentucky and moved to Palm Beach Gardens, appears to have the kind of financial problems that he never should have faced again.

http://thetimestribune.com/editorials/x1065235794/David-Edwards-Another-lottery-loser

Edwards won a $41 million Powerball and took home $27 million in August of 2001. Six years later, the money was apparently gone.

Edwards was evicted from his $1.2 million home in Palm Beach Garden, Fla. for not paying his association dues. Shortly thereafter, Edwards was evicted from a storage unit that he was apparently living in. The items in storage were auctioned to pay Edwards’ storage fees.


54 posted on 02/21/2012 2:11:59 PM PST by kcvl
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