Man wins $315 MILLION powerball 4 yrs ago , is broke now
 

Holy crap that gotta be the WORST management of money ever..

http://news.yahoo.com/s/ap/20070112/...inner_problems

sucks to be him

people who win that kind of $....i.e. 113mil should just move to mexico & live cheap...like a fucking real KING, & keep their $ in switzerland & other european countries

but their families always eat them alive

I would move to Gimli, Manitoba right next to Sleazydream and build the first mountain in Manitoba.



Out of cocaine and hooker corpses

or could be some creative accountants shifting the cash around , the guy is getting sued left right and center , shifting the cash around is something that i would do

"Since then, he has faced his granddaughter's death by drug overdose; he has been sued for bouncing checks at Atlantic City, N.J., casinos; he has been ordered to undergo rehab after being arrested on drunken driving charges; his vehicles and business have been burglarized; and he has been sued by the father of an 18-year-old boy, a friend of his granddaughter's, who was found dead in Whittaker's house."

He doesn't sound the brightest. People that earn their money tend to protect it a lot better.

drugs. most likely coke.

Give the poor fucker a break, after taxes it was only 113 million, jeeze.

lol 100 mill of coke.. you wouldnt have a nose left to do anymore coke..

i seem to recall him having a few run in's at various casino's , sounds like a hardcore gambler..

hahahaha. fucking tool.

Should be a post about him here on GFY. I think he was already a millionaire with a construction business, before the lottery winnings. His wife wanted to make a pilgrimage to Israel or something.

I saw this story on the Discovery channel months back.

damn, what a fuck.

Didn't this tool also get robbed in the parking lot of a strip club? He had several hundred thousand dollars in a duffle bag in his car.

yeah... not good i guess.

What the fuck? Jesus christ he deserves to be penniless, carrying that much money in your car... man what a god damn retard.

there are a lot of millionares like that from winning the lottery

what a retard :1orglaugh

i dunno this one has to be a record...

4 years , over a 100 mill.

Thats damn close to 50 thousand per day.

pure coke doesnt take your nose out. if he was that rich he could afford pure coke.

he should be slowly tortured.

This guy sounds like a good old fashioned DRUNK. Too bad no one helped him when he still had his lute.

He played the lute?

In case he's reading: yes, it's okay to kill yourself now. :thumbsup

nobody gets pure coke.. even the dealers themselves.. theres a book out about one of the biggest cocaine kingpins around and thats what happened to his nose.. and he had alot more than 100 million dollars.. and access to the most pure coke.


either way as i pointed out above, he burned through 50k a day.. unless he was buying it at super inflated prices it would be impossible for him to spend that much on coke(and be alive)

( but then again from the sounds of it he had a bunsh of "friends" helping him spend his money ( i.e. snort his coke ) )

wow what a story :\

sucks to be him :(

That dude is nuts. Me I would buy up 1000 acres of land. High fence around the whole area. Security to the max. 80% in swiss banks. My own airstrip on my property. Food stocks to last 5 to 10 years. It would be the stickyfingerz compound. How can someone go broke like that shhesh. Lol

Of course he is broke.

He didn't learn to earn.

I am surprised it lasted him as long as it did.

what a stupid douche

315 mil doesn't go as far as it used too.

damn that's gotta suck

jesus fucking christe,lol

if anyone was good at managing $ they wouldnt be spending $ on lottery tickets in the first place.

HOLY SHIT! He won 335 million? But only got 113 million after tax?? America sucks.

even still, spend 2 million per year will last over 50 years. stupid people do stupid things though i guess.

Yeah. America sucks. Our GDP, technology and all.

:1orglaugh :1orglaugh :1orglaugh

In other countries like Iraq and China, the government would've taken 100% of his money and given him 15 lashings.

if he was in canada he would of been able to keep the whole thing.

haha yep. i actully posted that in the hopes of u asking what in the "mixed" coke actully makes ur nose bleed? for once i want to give u some knowledge :)

dam that sucks

well lets hear it.

The family of a kid I went to school with won 14 million in the lotto, blew it all in like 2 years and lost their house, and then they won 18 million again 2 years after they lost their house. They were broke and living in an appartment again within 4 years.
How the fuck do you win twice to start with, but then to fuck it up both times.

... if he put it in an account that made him 0% interest.

If I put 100 million into my normal checking account I would get more then 300k a year in interest.
Put that into my ING savings account and it would be more then 550k a year in just interest.

But then take into account with that much coin you can negotiate for a real interest rate.

I'd hire a great accountant, and a great invester, but leave 20million in just a normal bank account as a fall back.
Even being 24 I could retire right now with 20million, and live a pretty good life.

No to get payout of 335 million before taxes would have been paid over several years. He took the instant payout which is normally about half of the full amount. So it was likely somewhere around 160 million before taxes.

Actually if you put 100 million into a ING savings account you would have 4.5 Million a year in interest
http://home.ingdirect.com/

4.5% interest no risk account :)

DH

I would get that i would simply reinvest into adult biz and double money.Very simple.

In the latest lawsuit, Whittaker told French's lawyer, John Barrett, that "a team of crooks" cashed checks in September at 12 City National Bank branches and "got all my money," according to the motion Barrett filed Wednesday in state court.



interesting.....

unless the bank goes bust! its happend in the past!

nah its way too good to say in a post, it needs its own thread :1orglaugh probably the only useful business thing i know about drugs

Damn, my math skills suck today, lol.


ING is FUCKING HUGE!!
If they went under the economy would crash.

i wouldnt really call it knowledge more like bizarre factoids.. interesting as it may be..

Theres lots of things used to make coke , ether/gas/lime/alcohol/ that im sure arent good to be in your nose. even the natives that chew coca leaves get deteriorization of the gums/cheeks so im sure pure coke is bad enough, but once it gets to street level theres thousand of things and combinations of things that could effect you..

Point being, yes if you did 50k per day of pure coke, you would most likely no longer have a nose :) although at that point your nose is prob the least of your concerns

seems to happen with a lot of the winners.