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(NYPost) Followup Could be the three rich guys who claimed the $254M Powerball jackpot were fronting for an even richer guy who doesn't feel like being hassled over his new "Let's Hunt #Occupy Hippies For Their Meat" charity   (nypost.com) divider line 79
More: Followup, Powerball, lump sums, lot  
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10363 clicks; posted to Main » on 29 Nov 2011 at 1:37 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



79 Comments   (+0 »)
   

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2011-11-29 12:45:18 PM
Sounds like #Fraud
 
2011-11-29 12:55:07 PM
Ever hear of something called a "trust"?
 
2011-11-29 01:39:39 PM
"Let's Hunt #Occupy Hippies For Their Meat" doesn't sound like a real charity.
 
2011-11-29 01:41:37 PM
Because People in power are Stupid: Sounds like #Fraud

Fraud seriously?

If I ever win a jackpot like that I am not going to be the one standing up there like a target for every sad story and grifter on planet earth. First thing you do is lawyer up and have the lawyers hire a bunch of accountants. I've been told you can form a variety of limited liability corps and list dozens of shareholders, with yourself being the largest one. Then you share the winnings with everyone in the corp and send them to stand in front of the cameras.

Which is I suspect what has happened here.
 
2011-11-29 01:42:12 PM
Minimally Hairy Beer-Powered Simian: "Let's Hunt #Occupy Hippies For Their Meat" doesn't sound like a real charity.

Crap! then who did I just paypal $5 to?
 
2011-11-29 01:42:22 PM
 
2011-11-29 01:44:28 PM
Minimally Hairy Beer-Powered Simian: "Let's Hunt #Occupy Hippies For Their Meat" doesn't sound like a real charity.

Mainly because hippies have no meat, and they take forever to clean.

Tea party meat is greasier, but there's a lot of it.
 
2011-11-29 01:45:04 PM
Isn't one of the conditions of playing the lottery that they get to use your likeness, etc. in promotional material and whatevs? At least that's what I have read.

Minions. I need some.
 
2011-11-29 01:46:17 PM
Because People in power are Stupid: Sounds like #Fraud

That isnt how the lotto works. There is nothing fraudulent about giving away your lotto ticket. They still payed the taxes on it.
 
2011-11-29 01:47:14 PM
archichris: Minimally Hairy Beer-Powered Simian: "Let's Hunt #Occupy Hippies For Their Meat" doesn't sound like a real charity.

Crap! then who did I just paypal $5 to?


My guess would be Ann Coulter
 
2011-11-29 01:47:37 PM
Does it really have to be this complicated? Couldn't you just have your attorney collect the winnings and such? Attorney-client privilege would keep you anonymous (well, as anonymous as possible).
 
2011-11-29 01:47:41 PM
I don't get why create a trust to keep the real winner secret and then have other people claim they won it to keep the real winner a secret? Did they want it to be double-super-secret or something?


Also, I thought the video of the African shooting the guy in the leg on the right side was more interesting.
 
2011-11-29 01:48:10 PM
I'd show up if I ever won the big one, in one of these and provide nothing but my initials.

www.theblaze.com
 
2011-11-29 01:48:24 PM
New York Post? A "personal friend" of the trustees? Seriously?

I'm as liberal as they come, but I think this might be a biiiiiiit of a stretch.
 
2011-11-29 01:49:08 PM
Hippy meat? Sounds like it would be gamey.
 
2011-11-29 01:49:41 PM
3.bp.blogspot.com
 
2011-11-29 01:50:03 PM
fsbilly: Isn't one of the conditions of playing the lottery that they get to use your likeness, etc. in promotional material and whatevs? At least that's what I have read.

Minions. I need some.


I doubt the rules say you cannot wear a football helmet during the photo shoots.

There is no way I would ever allow my "likeness" to be uses to promote the lottery.
 
2011-11-29 01:51:41 PM
Hawnkee: Hippy meat? Sounds like it would be gamey.

madeiracityschools.com

"Whoooaaaa, my hand is HUGE!!"
 
2011-11-29 01:55:22 PM
fsbilly: Isn't one of the conditions of playing the lottery that they get to use your likeness, etc. in promotional material and whatevs? At least that's what I have read.

Minions. I need some.


I think it varies by state.
 
2011-11-29 01:55:52 PM
Minimally Hairy Beer-Powered Simian: "Let's Hunt #Occupy Hippies For Their Meat" doesn't sound like a real charity.

I'm not sure why, but your post made me giggle for like 10 minutes
 
2011-11-29 01:55:53 PM
Jeez, this whole thing sounds sketchy as hell.
 
2011-11-29 01:56:01 PM
archichris: Because People in power are Stupid: Sounds like #Fraud

Fraud seriously?

If I ever win a jackpot like that I am not going to be the one standing up there like a target for every sad story and grifter on planet earth. First thing you do is lawyer up and have the lawyers hire a bunch of accountants. I've been told you can form a variety of limited liability corps and list dozens of shareholders, with yourself being the largest one. Then you share the winnings with everyone in the corp and send them to stand in front of the cameras.

Which is I suspect what has happened here.


You have your plan, I have mine...

livingwithballs.com
 
2011-11-29 01:56:20 PM
archichris: Because People in power are Stupid: Sounds like #Fraud

Fraud seriously?

If I ever win a jackpot like that I am not going to be the one standing up there like a target for every sad story and grifter on planet earth. First thing you do is lawyer up and have the lawyers hire a bunch of accountants. I've been told you can form a variety of limited liability corps and list dozens of shareholders, with yourself being the largest one. Then you share the winnings with everyone in the corp and send them to stand in front of the cameras.

Which is I suspect what has happened here.


Charles, NO! Get out of my head!
 
2011-11-29 01:57:23 PM
But what is fortune without fame?
 
2011-11-29 02:00:38 PM
Lando Lincoln: fsbilly: Isn't one of the conditions of playing the lottery that they get to use your likeness, etc. in promotional material and whatevs? At least that's what I have read.

Minions. I need some.

I think it varies by state.


I believe so, yes. I know some states don't even allow trusts like this, while others do. Whatevs. I'm still poor. :)

/Guess I'd have to buy a ticket first...
 
2011-11-29 02:01:37 PM
ggecko: But what is fortune without fame?

Bliss and freedom.
 
2011-11-29 02:02:02 PM
I alone am best: Because People in power are Stupid: Sounds like #Fraud

That isnt how the lotto works. There is nothing fraudulent about giving away your lotto ticket. They still payed the taxes on it.


Are taxes on lottery winnings fixed, or is it income like anything else? Because then the difference in annual income divided between the claimants and the actual richer winner matters.

/doesn't know, Canadians don't get taxed on lottery winnings yet
 
2011-11-29 02:02:37 PM
Can't say as I blame him.

If I latched onto $245 M, I would pay someone a few thou to front for me too.
 
2011-11-29 02:03:32 PM
archichris: "Which is I suspect what has happened here."

Wait... you mean you don't believe that three money managers *went in on* a $1 powerball ticket?

/worst.cover story.evar
 
2011-11-29 02:04:42 PM
archichris: Because People in power are Stupid: Sounds like #Fraud

Fraud seriously?

If I ever win a jackpot like that I am not going to be the one standing up there like a target for every sad story and grifter on planet earth. First thing you do is lawyer up and have the lawyers hire a bunch of accountants. I've been told you can form a variety of limited liability corps and list dozens of shareholders, with yourself being the largest one. Then you share the winnings with everyone in the corp and send them to stand in front of the cameras.

Which is I suspect what has happened here.


Usually one of the one of the conditions of playing most lotteries that they get to use your likeness, etc. in promotional material if you're a winner, so he would be committing fraud, and if this actual winner was already a rich person, that person has already been taking precautions against everything you attempted to mention.
 
2011-11-29 02:08:32 PM
So some southwest Connecticut blueblood won the Powerball, and he paid his blueblood friends so he could remain anonymous.

profile.ak.fbcdn.net

What a CT blueblood may look like.
 
2011-11-29 02:16:22 PM
T.M.S.: There is no way I would ever allow my "likeness" to be uses to promote the lottery.

In exchange for a few hundred million dollars? They could use any and all parts of me in any way they liked!
 
2011-11-29 02:17:17 PM
From the powerball FAQ:

CAN I REMAIN ANONYMOUS WHEN I HIT THE JACKPOT?

All but five states (DE, KS, MD, ND, OH) have laws that require the lottery to release the name and city of residence to anyone who asks. Other states may offer to assist you in some way, including such things as the creation of trusts. But generally, you may wish to hire an attorney to review the laws in your state to see what options you might have. Photos and press conferences are up to you for most, but not all states. Check with your state lottery to see if photos or more are required. Most of the time, it is advisable to get it over with the press so that you don't have one or more reporters following you around to get that "exclusive" interview.
 
2011-11-29 02:19:52 PM
Possible Reasons the 99% are pissed:

[] Being forced to work long hours for little pay, or not having a job at all.
[] Not having good health insurance, if any at all.
[] The rich using vast wealth and connections to get favorable laws passed so that they can become even wealthier, and above the law.
[] The for profit student loan situation in this country.
[] The cost of health care in this country.
[] The cost of a college education in this country.


Not a reason the 99% are mad:
[] Someone has more money than them.
 
2011-11-29 02:20:49 PM
RobSeace: T.M.S.: There is no way I would ever allow my "likeness" to be uses to promote the lottery.

In exchange for a few hundred million dollars? They could use any and all parts of me in any way they liked!


I don't think you have a clear idea of what I look like.
 
2011-11-29 02:23:15 PM
T.M.S.: RobSeace: T.M.S.: There is no way I would ever allow my "likeness" to be uses to promote the lottery.

In exchange for a few hundred million dollars? They could use any and all parts of me in any way they liked!

I don't think you have a clear idea of what I look like.


But... But you already have a perfect likeness to use! Man... What a waste. :)
 
2011-11-29 02:24:39 PM
archichris: First thing you do is lawyer up and have the lawyers hire a bunch of accountants.

But I thought only Guilty PeopleTM hired lawyers.
 
2011-11-29 02:28:31 PM
bigbadideasinaction: I alone am best: Because People in power are Stupid: Sounds like #Fraud

That isnt how the lotto works. There is nothing fraudulent about giving away your lotto ticket. They still payed the taxes on it.

Are taxes on lottery winnings fixed, or is it income like anything else? Because then the difference in annual income divided between the claimants and the actual richer winner matters.

/doesn't know, Canadians don't get taxed on lottery winnings yet


It gets taxed as regular income, and you are obviously going to be in the highest bracket for whatever you earn that year if you suddenly get a check for 100million regardless of whatever regular income you had. So nobody is losing out on anything if a guy who makes 5mil a year cashes it, or if a homeless bum on welfare cashes it. If they are giving chunks of it to charity as claimed, if anything, a richer guy not cashing it COULD be missing out on some tax breaks.

Some states\localities also impose special taxes on large lottery winnings. Dunno if CT is one of them offhand, but they tend to be flat percentages.
 
2011-11-29 02:30:28 PM
I wish that when I hit the lottery I had friends like that. The last thing in the world I want to be is known as a lottery winner.
Not sure of the local laws, but would pay for a trust to be created and the lawyer pick up the check.
 
2011-11-29 02:30:47 PM
ImJustaTroll: Possible Reasons the 99% are pissed:

[] Being forced to work long hours for little pay, or not having a job at all.
[] Not having good health insurance, if any at all.
[] The rich using vast wealth and connections to get favorable laws passed so that they can become even wealthier, and above the law.
[] The for profit student loan situation in this country.
[] The cost of health care in this country.
[] The cost of a college education in this country.


Except that doesn't apply to "the 99%". Given that "the 99%" by definition means anyone below the top 1% of earners, it means everyone making less than about $380,000 per year. Guess what? Lot of people in that group who do not have the problems you list. I'm nowhere near $380k, I'm right around the median. However I work 40 hours a week, I have full health insurance paid mainly by my employer (I pay $35/month), I have no student loans to pay. So no, I'm not pissed about those things but I am part of "the 99%".

That's part of the problem with the whole term is it paints a REALLY broad brush. It goes from people living in abject poverty to people making a very upper middle-class living. You'll find that their concerns differ more than a little.
 
2011-11-29 02:30:57 PM
Latinwolf: Usually one of the one of the conditions of playing most lotteries that they get to use your likeness, etc. in promotional material if you're a winner, so he would be committing fraud, and if this actual winner was already a rich person, that person has already been taking precautions against everything you attempted to mention.

I suppose it would be too hard to just look up Connecticut's rules regarding this?

Certain information regarding our winners is published and made available. The Lottery will publish and upon request, make available a winner's name, city or town of residence, date and amount of win and the name/location of the retailer that sold the winning ticket. A winner's home or street address and phone number are not published and will not be disclosed unless required by law.

While most winners claim prizes using their individual names, periodically, winners do come forward using other legal entities (i.e., trusts, business partnership) to claim their prizes. In those instances, the Lottery will promote the win using that legal entity's name.
 
2011-11-29 02:31:57 PM
Well met,I am Prince Ngibibo Goodman. I have recently won $254 million in a lottery,and I need your help to claim the money.
As a God fearing family man,I seek only trust for those who will help me.
Please respond quickly for this golden opportunity.
 
2011-11-29 02:32:14 PM
hmm, these guys thought they had won but the news coverage put up a wrong number. then they put up the right number correcting it (after a nice sized bribe from the guys who missed the last number) and they won! what a heart-warming story when some rich guys win the lottery.

/fraud indeed
 
2011-11-29 02:35:05 PM
Benjimin_Dover: I don't get why create a trust to keep the real winner secret and then have other people claim they won it to keep the real winner a secret? Did they want it to be double-super-secret or something?

Many states have laws saying that a person(s) must claim the prize. I don't know whether or not CT and/or PowerBall does.

By any measure, whoever bought the original ticket is doing it very, very right. I can't remember the original link where I found it, but the optimum steps after winning the lottery are something like:

1. Don't tell anyone.
2. DON'T TELL ANYONE.
3. Make a few copies of the ticket, and put the original in a safety deposit box.
4. Hire a tax attorney on retainer. This allows them to take actions for you while keeping you anonymous. (In the case of these winnings, I guess financial planners work just as well).
5. Have the attorney open an anonymous trust.
6. Have the attorney cash the ticket in the name of the trust, and deposit the lump sum there.

Whoever bought that ticket is playing just about exactly from this playbook. Kudos to them. For once, a winner who doesn't squander all of it straight out of the gates.
 
2011-11-29 02:35:33 PM
Should I ever win a jackpot - I just hope my usual attorney can refer me to a great trusts and estates attorney. I don't trust my attorney to do anything else but fark anyone that gets in the way.... which is why I like him in the first place.
 
2011-11-29 02:37:49 PM
Ironclad2:
Whoever bought that ticket is playing just about exactly from this playbook. Kudos to them. For once, a winner who doesn't squander all of it straight out of the gates.


The story does say it was someone who doesn't regularly play the lottery. Probably someone like most of us, who was just in the store, saw that it was some absurd size jackpot, and threw a buck down to dream for a bit.
 
2011-11-29 02:38:02 PM
special20: Should I ever win a jackpot - I just hope my usual attorney can refer me to a great trusts and estates attorney. I don't trust my attorney to do anything else but fark anyone that gets in the way.... which is why I like him in the first place.

Our company's attourney is our nastygram generator. Our previous one was even more fun to be around (he was the minister for my wedding), but this one's okay too.
 
2011-11-29 02:39:46 PM
So. If I won the lottery and hired an attorney to set up a trust, cash the ticket and deposit the lump sum who (for instance) would he make the trust out to? I'm not BIG money savvy, that's why I ask.
 
2011-11-29 02:39:47 PM
I wanna hunt hippies. But I would give the meat to the food pantry, if they would even take it.
 
2011-11-29 02:45:52 PM
sycraft: ImJustaTroll: Possible Reasons the 99% are pissed:

[] Being forced to work long hours for little pay, or not having a job at all.
[] Not having good health insurance, if any at all.
[] The rich using vast wealth and connections to get favorable laws passed so that they can become even wealthier, and above the law.
[] The for profit student loan situation in this country.
[] The cost of health care in this country.
[] The cost of a college education in this country.

Except that doesn't apply to "the 99%". Given that "the 99%" by definition means anyone below the top 1% of earners, it means everyone making less than about $380,000 per year. Guess what? Lot of people in that group who do not have the problems you list. I'm nowhere near $380k, I'm right around the median. However I work 40 hours a week, I have full health insurance paid mainly by my employer (I pay $35/month), I have no student loans to pay. So no, I'm not pissed about those things but I am part of "the 99%".

That's part of the problem with the whole term is it paints a REALLY broad brush. It goes from people living in abject poverty to people making a very upper middle-class living. You'll find that their concerns differ more than a little.


Well, perhaps I should have said "OWS" protesters instead of the 99%. I too have a similar situation as yours but I could see how the right circumstances could spell disaster for my living situation and well being. Just because I "got mine" doesn't mean I think we couldn't use some serious change in this country.
 
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