http://abcnews.go.com/Business/florida-lottery-winners-exclude-worker/story?id=12485028&page=1

"She had communication with one of the other employees who said he would put in a dollar for her," he said. "Employees would routinely cover for each other. She paid back the dollar Thursday morning, and she was given the ticket to check to see if they had won.

So screw over your co-worker, give the money to a leaching lawyer and be a ass.

 

Greedy stupid people. They will probably lose more to the lawyers than if they had just split it 8 ways like they should have.

 

They will learn true greed when they see how their family and friends treat them when they ask for money.

They will loose their families and friends.

They will die alone.

A fitting end to such horrible people.

Wow.

I knew 1 "winner" in my life.

He put his wife through law school as an investment, paid off the house and cars.

Built a recording studio in his basement and lived.

His friends, in bands, had a place to record for free. And when the money was gone, the house and cars were paid off. The wife was a lawyer and the friends had no problem paying for studio time.

That is the way to do it.

 

another way is to be humble and accept your position in life.
Work for and earn that which you receive and achieve.
A lottery is no more than a tax on poor people.

having said that, too many are willing to give to you for free
to prove their generosity or quench their guilt.
Take advantage thereof.

roulette is my weakness...
i guess it is the same as a lottery
and nothing I own was paid for with roulette winnings.

time to play the lottery

 

Another way is to be humble and accept your position in life.
Work for and earn that which you receive and achieve.

A beauiful line,reminds me of quit while you are ahead.
We could live by that line. Good thought's.......

Loosewire

 

The best way to ruin somebody's life is to have them win a multi-million dollar lottery.

They will be sued, borrowed from, stolen from, accused and threatened out of money, in addition to typically blowing a huge chunk of it at the beginning, that they end up in a far worse position than they could have ever been in before winning.

The ones who won the lottery and did NOT get screwed up did so in the most simple and straightforward way. Tell Nobody except a lawyer that specializes in finance and trusts. There are a few dozen in the US that are highly reputable, the rest are one of the frauds that put you in category A. e.g. Don't call "uncle john the lawyer". Have the law firm anonymously collect the One Time Pay / Lump Sum Winnings and set up a few distributed investments with it, and a trust fund. Then allot yourself an allowance while keeping your job, etc. If you decide to give money to family and let them know, do not buy gifts. Simply have a check for $100k sent to each direct family member, then they cannot sue you for being "unfair".

Nobody realizes how much people HATE people with money until you have money. Everybody thinks they DESERVE your money, since you have more than they do. It results in stories like the one above. Though in that case, she was given the ticket, and paid for it, so there is no reason she shouldn't get the pre-agreed on split.

 

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Theres lots more to this story then is on the surface. Both my mother and aunts are avid FL lotto players. If either of them win, they have decided since the FL lotto system works on a lifetime payoff, or bulk payment where you loose half your money. They would have me and my brother claim it since were in our mid 30's and could receive payments over 20-30 years. This lady being age 73 may be causing issues with the other 7 people who are claiming the ticket. Its possible if they selected the lifetime payments and she dies at 74. The entire group would not get anymore payments. FL law and the lotto are all whacky with weird rules and regulations.

The entire group should follow the advice in my previous post.

Losing half off the top isn't too bad if you take 10% out, and put the other 40% into distributed investments. The return is higher, and the state going bankrupt won't interrupt your payments.

The reason they discount the "lump sum" payout is because they are BANKING on you dying. It's that simple.

 

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Reminds me of something I read. You are more likely to win the big prize if you buy the ticket on the day of the lottery, because if you buy it in advance there are higher odds of you dying before the draw than actually winning.

 

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This is amazing! I was talking about a very similar story with a co-worker today and I did not read this story.

We had some folks a while back at work that did the same thing. One lady always played but this time she forgot to put in the money. The others refused to cut her in on the winnings.

Pretty lousy if you ask me. I am not sure I would give her a full cut but at least a percentage.

I have heard that you should always consult an attorney before even beginning one of these group buy things. When it first gets started it is a lot of fun but as soon as there is a winning ticket, things can turn ugly.

 

You have to set rules.

If you are in, you are in.

Pay monthly.

The next months dues are due before this months LAST drawing.

In case of late payments, they are only accepted late if a winning ticket has not yet hit.

Your numbers are put in when you pay for the next months tickets.

You cannot decide to pay for the current month AFTER a ticket has won.

You MUST be paid up BEFORE the winning tickets drawing starts.


Something like that should suffice.

Either that, or screw the group. Get your OWN tickets.

 

Its a huge hit too. I think they take half, then charge you taxes on the full amount. So you end up with like 30%-40% after its done. FL lotto pays for itself and makes a ton of cash so theres really no worry about it going under. Now if they make this super national lotto that make take over all the state lotto's, then you may loose you payments.

Always take the lump sum. It is still MILLIONS after taxes and the penalty. Put it in a trust fund and have it invested and doled out beyond your direct control. You will be set for life. People that get the "paycheck for life" payments have a high suicide/murder rate, they borrow against the check they are planning to get, and they are totally broke. Families have generation long feuds over lottery winnings.

Anything other than the lump sum payment is financially stupid for you. The lotteries reinforce this by pushing up the penalties for lump sum, as well as taxes, whereas those getting checks monthly pay no penalty. That should be proof enough to show the first sentence is the best course, provided it is managed correctly (e.g. not directly by you). Even if somebody is used to having money, there is a world of difference between making a quarter million a year, and suddenly having 10 million in the bank. If your name is published as a winner, you will be hounded to the grave by charities, and discover relatives you never heard of.

You are betting against the house in every case, but the only one where you have a chance of getting ahead of "the house" is by taking the lump sum ASAP and getting into private investments and trust funds instead of the state budget showing you as a "creditor", governments do not like owing the citizens money.

 

Sheesh... You win, take the lump and GET OUT OF THE COUNTRY!

 

see how much less stressed than the normal I am by not playing?

 

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Not me, though I would get out of the neighborhood. I would not not want to be the rich guy among my neighbors. My neighborhood isn't that bad, but it isn't that good either.