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Record Powerball Winner Broke

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Record Powerball Winner Broke

Postby Kilroy » Fri Jan 12, 2007 8:20 pm

From AOL:

Hard-Luck Lottery Winner Says He's Broke
Tells Lawyer Thieves Emptied His Bank Accounts
AP
CHARLESTON, W.Va. (Jan. 12) - A man beset by problems since winning a record lottery jackpot says he can't pay a settlement to a casino worker because thieves cleaned out his bank accounts.

Jack Whittaker's statement about the theft came to light in court filings related to an assault case.

Powerball winner Jack Whittaker gave that explanation in a note last fall to a lawyer for Kitti French, who accused him of assaulting her at the Tri-State Racetrack and Gaming Center, a slots-only casino near Charleston, according to a motion French's lawyer filed this week demanding payment of the confidential settlement.

Whittaker won a nearly $315 million on Christmas 2002, then the largest undivided lottery prize in U.S. history. He took his winnings in a lump sum of $113 million after taxes.

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.

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.

"I intend to pay but can't without any money," Whittaker wrote, according to the motion.

An official with City National Bank said Friday the bank is investigating "small discrepancies" in Whittaker's accounts.

Calls to Whittaker and his lawyers Friday were not immediately returned.


How do you lose 113 Million Dollars in Four Years? :-?

That's p*****g away better than 500 grand a week. EVERY WEEK. For Four Years.
Last edited by Kilroy on Fri Jan 12, 2007 8:31 pm, edited 1 time in total.
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Postby Munboy » Fri Jan 12, 2007 8:23 pm

Looks like he's not a very bright guy. Money can go QUICK. Just look at MC Hammer :-b
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Postby The Miner Part 2 » Fri Jan 12, 2007 8:30 pm

friggen idiot!

HE COULDA HAD DRACULA'S CRIB!!!
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Postby terpfan » Fri Jan 12, 2007 10:55 pm

315 mil became 113 mil after taxes? Yikes... still alot of money, but thats ALOT going to taxes!!
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Postby knapplc » Fri Jan 12, 2007 11:01 pm

500K per week every week for four years. That's amazing. 8-o
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Postby Dr. Duran Duran » Sat Jan 13, 2007 1:07 am

Munboy wrote:Looks like he's not a very bright guy. Money can go QUICK. Just look at MC Hammer :-b


That very same person crossed my mind as I was reading this. I'm sure he knows a thing or two about losing millions upon millions of dollars relatively overnight. If I'm not mistaken, wasn't one of the former owners of the Philadelphia Eagles a multi-millionaire and lost pretty much everything, including ownership of the team, in less that a year's time thanks to a ridiculous gambling habit?
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Postby deerayfan072 » Sat Jan 13, 2007 1:31 am

I could spend it, but if i gambled it, i would triple it }:-)
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Postby Dr. Duran Duran » Sat Jan 13, 2007 3:31 pm

deerayfan072 wrote:I could spend it, but if i gambled it, i would triple it }:-)


Should have bet on them Gators, eh? ;-D
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Postby The_Dude » Sat Jan 13, 2007 6:55 pm

He must have played these numbers...

4 8 15 16 23 42
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Postby steelerfan513 » Sat Jan 13, 2007 7:09 pm

The_Dude wrote:He must have played these numbers...

4 8 15 16 23 42


Nice Lost reference ;-D
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