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Old 02-15-2007, 04:52 PM   #1
fuzzylogic
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Man With a Year to Live Wins Lottery; No Lump Sum Offered

51-year-old Upstate New York resident Wayne Schenk, who was told he had a year to 18 months to live last December fell upon good times recently when he bought a winning scratch-off worth a million dollars. The problem is, no lump sum is possible.

He was hoping to use the winnings to help extend his life at a hospital that specializes in advanced-stage cancers. He said, "I understand money can't buy everything, but money can prolong things, you know?"

A lump sum of $200k was offered, but is only about half of what he needs for treatment. A lottery spokesman said "We're incredibly sympathetic, but we're not able, because of our rules and regulations, to just write him a (lump-sum) check."


source: http://www.democratandchronicle.com
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Old 02-15-2007, 04:56 PM   #2
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that's fucking lame
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Old 02-15-2007, 05:27 PM   #3
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There are plenty of annuity buying companies that will take it if the state lottery won't offer it to him. He's got quite a few options with that ticket to get his cash up front.
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Old 02-15-2007, 05:31 PM   #4
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JG Wentworth will probably give him 60-80% on a lottery payout.
A private note buyer will probably go as high as 90%.
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Old 02-15-2007, 05:48 PM   #5
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Damn..talk about rotten luck
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Old 02-15-2007, 05:59 PM   #6
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As others indicated, there are plenty of people who will purchase a bonefide winning ticket.

There are lots of scammers out there, so its best to proceed cautiously.

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Old 02-15-2007, 06:01 PM   #7
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no lump sum is possible
Lame...
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Old 02-15-2007, 06:04 PM   #8
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rules are rules
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Old 02-15-2007, 07:25 PM   #9
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I'd def, look in to other options..
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Old 02-15-2007, 07:38 PM   #10
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I am sure he will get the money somehow if he gets a bit creative...
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Old 02-15-2007, 07:42 PM   #11
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Transfer it to the hospital as payment?
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Old 02-15-2007, 07:43 PM   #12
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Originally Posted by WiredGuy View Post
There are plenty of annuity buying companies that will take it if the state lottery won't offer it to him. He's got quite a few options with that ticket to get his cash up front.
WG
exactly
I do this everytime I win the million dollar jackpots comes in handy
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Old 02-15-2007, 08:05 PM   #13
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I am sure he will get the money somehow if he gets a bit creative...
Yeah, u always can rob a bank or convert into a web master to get a million!
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Old 02-15-2007, 09:48 PM   #14
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There was a guy around here in Suffolk county who just won 42$ million off a 5$ quick pick, random numbers (meaning he didnt even pick numbers!) . He took it upfront and got a 14$ million check......I say the odds of getting hit by some public transportation and sueing the state for millions are better then the odds of winning the lottery... ..
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