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-   -   Man With a Year to Live Wins Lottery; No Lump Sum Offered (https://gfy.com/showthread.php?t=706701)

fuzzylogic 02-15-2007 04:52 PM

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

JD 02-15-2007 04:56 PM

that's fucking lame :(

WiredGuy 02-15-2007 05:27 PM

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

EBORG9 02-15-2007 05:31 PM

JG Wentworth will probably give him 60-80% on a lottery payout.
A private note buyer will probably go as high as 90%.

Spunky 02-15-2007 05:48 PM

Damn..talk about rotten luck

AsianDivaGirlsWebDude 02-15-2007 05:59 PM

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.

ADG Webmaster

Scott McD 02-15-2007 06:01 PM

Quote:

no lump sum is possible
Lame... :disgust

Mr Pheer 02-15-2007 06:04 PM

rules are rules

princess 02-15-2007 07:25 PM

I'd def, look in to other options..

ayne468 02-15-2007 07:38 PM

I am sure he will get the money somehow if he gets a bit creative...:)

Nysus 02-15-2007 07:42 PM

Transfer it to the hospital as payment?

Daruma 02-15-2007 07:43 PM

Quote:

Originally Posted by WiredGuy (Post 11924319)
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 :winkwink: :winkwink: :1orglaugh :1orglaugh

WalterWoot 02-15-2007 08:05 PM

Quote:

Originally Posted by ayne468 (Post 11924944)
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!
:winkwink:

ThePornPusher 02-15-2007 09:48 PM

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...:thumbsup .. :upsidedow


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