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Be careful what you wish for. Horror tales of lottery winners

Posted on 7/31/22 at 1:40 am
Posted by Revelator
Member since Nov 2008
57924 posts
Posted on 7/31/22 at 1:40 am
Fox News



quote:

Andrew "Jack" Whittaker Jr. became an instant celebrity after winning a record $315 million Powerball jackpot on Christmas night in 2002, and even flew off in a private jet with his family to appear on New York City morning television shows after hitting the jackpot.  Whittaker’s life quickly took a tumultuous turn as he began struggling with drinking and gambling, his wife left him, several family members tragically died, and he was twice charged with driving under the influence and also with assault by three female casino employees.  Whittaker, who was already a wealthy businessman when he won the lottery, was also robbed multiple times, with thieves stealing over $100,000 from him on separate occasions, and he was believed to be broke in the years leading up to his death in 2020. "I wish I’d torn that ticket up," a sobbing Whittaker told reporters after the death of his daughter.




quote:

David Lee Edwards, a convicted felon from Kentucky, won a $27 million share of a record $280 million jackpot in 2001 and quickly started a spending spree that included a mansion, dozens of luxury cars and a private jet with a personal pilot.  Five years later, the money was gone and Edwards was living with his wife in a storage unit contaminated with human feces. Edwards's wife ended up leaving him and he died penniless in hospice care in 2013 at the age of 58. 



quote:

Florida man Abraham Shakespeare was illiterate and regularly unemployed when he won a $17 million jackpot in 2006. By 2009, Shakespeare had squandered most of his money and was convinced by a friend to wire her a $1.3 million ownership stake in his home. That same friend, Dorice Moore, shot and killed Shakespeare in his own backyard shortly after and was convicted of murder in 2012, earning her a sentence of life in prison.



quote:

Mack W. Metcalf and his estranged wife Virginia G. Merida shared a $34 million jackpot in 2000 and quickly got to work spending the fortune on drugs, a mansion and exotic pets. Three years later, the couple were dead after Metcalf died from complications of alcoholism and Merida from a suspected drug overdose.  "If he hadn’t won, he would have worked like regular people and maybe had 20 years left," Marilyn Collins, Metcalf’s first wife, told The New York Times in 2005. "But when you put that kind of money in the hands of somebody with problems, it just helps them kill themselves."
Posted by Jones
Member since Oct 2005
90491 posts
Posted on 7/31/22 at 1:41 am to
Besides annoying 'friends' coming out of the woodwork asking for money, I would be perfectly fine winning 700 million the other night.

Perfectly fine
Posted by Revelator
Member since Nov 2008
57924 posts
Posted on 7/31/22 at 1:45 am to
quote:

Besides annoying 'friends' coming out of the woodwork asking for money, I would be perfectly fine winning 700 million the other night.



Everyone would like to think this, but unfortunately, having lots of money suddenly thrust upon a person can change him/her.
Posted by sabes que
Member since Jan 2010
10156 posts
Posted on 7/31/22 at 1:46 am to
Right, I’m sure it will be tough but I will bare the burden of receiving hundreds of millions of dollars.
Posted by sabes que
Member since Jan 2010
10156 posts
Posted on 7/31/22 at 1:50 am to
Having more money usually changes people for the better. There is a reason impoverished people are more likely to commit crimes etc.
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
59622 posts
Posted on 7/31/22 at 1:50 am to
Im sure there are more stories of people living happily ever.
Posted by Revelator
Member since Nov 2008
57924 posts
Posted on 7/31/22 at 1:51 am to
quote:

Right, I’m sure it will be tough but I will bare the burden of receiving hundreds of millions of dollars.



We think so, but look at celebrities who have drop dead gorgeous wives or girlfriends. We think to ourselves,” if my wife was this hot, I’d never cheat, but many of them do. It’s a different world when someone becomes rich or famous.
This post was edited on 7/31/22 at 1:54 am
Posted by Jones
Member since Oct 2005
90491 posts
Posted on 7/31/22 at 1:52 am to
Most of those stories are drug addicts and criminals coming into a giant sum of money. Thats a recipe for disaster. Most normal people are going to be fine.

I also would claim it anonymously
Posted by UncleRuckus
Member since Feb 2013
7644 posts
Posted on 7/31/22 at 1:54 am to
I’d like to have a chance to become one of these horror tales.
Posted by sabes que
Member since Jan 2010
10156 posts
Posted on 7/31/22 at 1:56 am to
True enough, also ponder this, if you have everything the world has to offer(money, women, cars, drugs, etc.) and you’re still not happy, that is the darkest depression imaginable.
Posted by Revelator
Member since Nov 2008
57924 posts
Posted on 7/31/22 at 2:00 am to
quote:

True enough, also ponder this, if you have everything the world has to offer(money, women, cars, drugs, etc.) and you’re still not happy, that is the darkest depression imaginable.



I could see that being very depressing yes. We know of many rock stars and celebrities that had it all and were still, very unhappy.
Posted by the LSUSaint
Member since Nov 2009
15444 posts
Posted on 7/31/22 at 2:04 am to
I'll take my chances...thanks
Posted by Korkstand
Member since Nov 2003
28707 posts
Posted on 7/31/22 at 2:10 am to
quote:

Andrew "Jack" Whittaker Jr.
This dude immediately bought a Lambo and drove around throwing cash out the window. That's in the "philanthropy" section of his wiki page.

Then he kept $500k in a suitcase in his car parked outside a strip club "because he can", and of course it got stolen.

I don't know how he accumulated his wealth before the lottery, but it wasn't by being financially savvy.

The rest are:
quote:

a convicted felon
quote:

illiterate and regularly unemployed
and a poor couple with drug and alcohol problems and a marriage so bad they immediately split.


Tons of money won't fix broken people.
Posted by HoboDickCheese
The overpass
Member since Sep 2020
9366 posts
Posted on 7/31/22 at 2:14 am to
Posted by mauser
Orange Beach
Member since Nov 2008
21532 posts
Posted on 7/31/22 at 2:29 am to
It reads to me like people that are stupid or have impulse control issues need their winnings set up in a monthly payment plan, although I'm sure they're not self aware enough to do that.
..
Side thought, It seems the govt takes their share off the top. Is that an income tax? If it is, what would happen if you donated 100% of your winnings to a charity?
Posted by LordSaintly
Member since Dec 2005
38880 posts
Posted on 7/31/22 at 3:00 am to
quote:

David Lee Edwards, a convicted felon from Kentucky, won a $27 million share of a record $280 million jackpot in 2001 and quickly started a spending spree that included a mansion, dozens of luxury cars and a private jet with a personal pilot


That isn't THAT much money. WTF was he thinking?
Posted by USMCguy121
Northshore
Member since Aug 2021
6332 posts
Posted on 7/31/22 at 3:32 am to
Every last one of those people were fricking morons. The end.

quote:

That isn't THAT much money. WTF was he thinking?


Last week some guy won 1 million and immediately quit his job and made plans to spend it. I have family that inherited over 1 million a piece. they kept working and stacked cash.

Different mindsets I guess.
This post was edited on 7/31/22 at 3:41 am
Posted by hellsu
Northshore via Westbank
Member since Jan 2009
3951 posts
Posted on 7/31/22 at 3:37 am to
Over 70% of Lottery Winners in excess of a million dollars are broke in less than 7 years. I saw this in a documentary a couple of years ago.
Posted by Revelator
Member since Nov 2008
57924 posts
Posted on 7/31/22 at 3:44 am to
quote:

Over 70% of Lottery Winners in excess of a million dollars are broke in less than 7 years. I saw this in a documentary a couple of years ago.




There is an ESPN 30 for 30 special called,” Broke” and it documents the very high percentage of sports stars who go broke right after their careers end or even before.
This post was edited on 7/31/22 at 3:47 am
Posted by dutchrudda
Member since Jul 2022
50 posts
Posted on 7/31/22 at 4:07 am to
I would be fine with winnung the lottery then dying broke and pennyless.
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