kakatiya Posted November 30, 2013 Report Posted November 30, 2013 Evelyn Adams gambled it all away in Atlantic City Against all odds, in the mid-1980s Adams won the lottery twice, once in 1985 and again in 1986. The New Jersey native won a cool $5.4 million, but AskMen.com reports she gambled it away at Atlantic City. Today she resides in a trailer park.
kakatiya Posted November 30, 2013 Author Report Posted November 30, 2013 l bi Roncaioli was murdered by her husband after she squandered her winnings Tim Boyle/Getty Images Ontario resident Ibi Roncailoli walked away with $5 million in a 1991 Lotto 649 drawing, but she didn't tell her husband how she decided to spend it. When Joseph Roncailoli, a gynecologist, found out Ibi gave $2 million of her fortune to a secret child she'd had with another man, he poisoned her with painkillers, the Toronto Star reports. He was found guilty of manslaughter and reportedly asked Ibi's family to help foot the bill for her funeral. Read more: http://www.businessinsider.com/17-lottery-winners-who-blew-it-all-2013-5?op=1#ixzz2m9RhOeJv
kakatiya Posted November 30, 2013 Author Report Posted November 30, 2013 Michael Carroll had a fetish for hookers Flickr / Dietmar Temps Michael Carroll was at his peak when he won Britain's £9.7 million ($15 million) jackpot in 2002, The Week reports. But a penchant for life in the fast lane — cocaine, parties, hookers, and cars — put him back at square one in five years. Last we heard, the ex-garbageman was hoping to get his old job back.
kakatiya Posted November 30, 2013 Author Report Posted November 30, 2013 Andrew Jackson Whittaker Jr. was undone by casino lawsuits DAVID SOUZA, Photographer/TaxFix.co.uk In 2002, West Virginia building contractor Andrew Jackson Whittaker Jr. walked away with $114 million after taxes on a $315 Million multi-state Powerball draw. That was just about his last stroke of good fortune. In two separate instances, thieves ran off with $745,000 Whittaker stashed in his car. Later on, he was sued by Caesar's Atlantic City for allegedly bouncing $1.5 million in checks. Within four years, his fortune was gone.
kakatiya Posted November 30, 2013 Author Report Posted November 30, 2013 Billy Bob Harrell Jr. had his prayers answered, but his luck ran out Flickr / Thomas Hawk A Pentecostal preacher working as a stockboy at Home Depot got his prayers answered when he hit the $31 million jackpot in 1997, Business Pundit reports. At first, life was good with Billy Bob buying a ranch, six other homes and some new cars. But like many others who win the lottery, he just couldn't say "NO!" when people asked for a handout. Later in life he divorced and eventually committed suicide Read more: http://www.businessinsider.com/17-lottery-winners-who-blew-it-all-2013-5?op=1#ixzz2m9SHMUv4
kakatiya Posted November 30, 2013 Author Report Posted November 30, 2013 Willie Hurt's crack addiction did him in Flickr / Marco Gomes In 1989, Willie won a $3.1 million jackpot in the Michigan Lottery. Fast-forward to two years later and Hurt got divorced, lost custody of his children, was charged with attempted murder, and picked up one helluva crack-cocaine addiction. The habit was so bad, it sucked away his entire fortune. Read more: http://www.businessinsider.com/17-lottery-winners-who-blew-it-all-2013-5?op=1#ixzz2m9SPqMdX
kakatiya Posted November 30, 2013 Author Report Posted November 30, 2013 Denise Rossi didn't disclose the jackpot in her divorce filing Flickr / girl_onthe_les When Denise Rossi won $1.3 million in the California lotto, she left her husband without a word, reports People's Pam Lambert. Thomas knew something was up, but agreed to divorce her anyway. Two years later, he intercepted a letter at his new L.A. pad revealing the truth. He sued Denise for not disclosing her winnings in the divorce, and the judge awarded Thomas every cent Read more: http://www.businessinsider.com/17-lottery-winners-who-blew-it-all-2013-5?op=1#ixzz2m9SdOjpU
kakatiya Posted November 30, 2013 Author Report Posted November 30, 2013 Wigmaker Janite Lee blew her fortune on political donations Flickr After winning an $18 million lottery jackpot in 1993, Janite Lee's earnings were gone within a decade. The St. Louis Post Dispatch reports Lee, a wigmaker from South Korea, blew her winnings on, of all things, charity. A reading room was named after her at Washington University's law school, and she was a major donor for the Democratic Party. But her giving hand, coupled with a little gambling and a lot of credit card debt, allegedly did her in. She filed for bankruptcy in 2001. Read more: http://www.businessinsider.com/17-lottery-winners-who-blew-it-all-2013-5?op=1#ixzz2m9SsQyMT
kakatiya Posted November 30, 2013 Author Report Posted November 30, 2013 Luke Pittard wound up flipping burgers at McDonald's Daniel Goodman / Business Insider Welsh-born Luke Pittard won a £1.3 million jackpot ($1.9 million) in 2006, but spent it all on a trip to the Canary Islands, a wedding and a house. A year and a half later, Pittard was forced to take a job at McDonald's flipping burgers. He says he's happy, and his leftover winnings collect interest. Read more: http://www.businessinsider.com/17-lottery-winners-who-blew-it-all-2013-5?op=1#ixzz2m9TAjmoh
kakatiya Posted November 30, 2013 Author Report Posted November 30, 2013 William Post suffered a series of unfortunate events Flickr / Norman B. Leventhal Map Center at the BPL God was listening in 1988 when William "Bud" Post won Pennsylvania's $16.2 million jackpot, reports the Beaver County Times. But one bad thing started happening after another. An ex-girlfriend sued him for a share of the winnings and won; his brother hired a hit man hoping to inherit some winnings; and relatives incessantly bugged him for money, MSN reports. Within a year, Post was $1 million in debt and filing for bankruptcy. Now he lives on food stamps and a $450/month stipend. Read more: http://www.businessinsider.com/17-lottery-winners-who-blew-it-all-2013-5?op=1#ixzz2m9TL8dzT
rakshakudu Posted November 30, 2013 Report Posted November 30, 2013 Interesting most of the times people do wrong things in these situations :P
kakatiya Posted November 30, 2013 Author Report Posted November 30, 2013 Gerald Muswagon ended up feeling sorry for partying Flickr / David Domingo In 1998, Gerald Muswagon won the $10 million Super 7 jackpot in Canada, reports BigLotteryWinners.com. But he blew it all on drinking and partying in only seven years. Filled with remorse, Muswagon hanged himself in his parents' garage in 2005.
maximummax Posted November 30, 2013 Report Posted November 30, 2013 hmm...lack of financial knowledge
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