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Thread: 2002 Powerball Winner Flat Broke

  1. -1
    Roman529's Avatar
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    2002 Powerball Winner Flat Broke

    Updated:2007-01-13 14:44:23
    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.


    Crooks 'Got All My Money'


    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.............
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  2. -2
    playmaker1's Avatar
    Get the ball to the PLAYMAKER!

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    wow, thats just pathetic
    THANKS LIKE2GOD FOR THE SWEET SIG!!!

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  3. -3
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    He's been through alot. His grand-daughter i believe comitted suicide and going through divorce i believe... But jeez, talking about blowing your money
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  4. -4
    Mike13's Avatar
    You could have had free beer, for shame

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    ****.
    Once Dmac is drafted a Dmac Jersey will spontaneously materialize in the closet of each and every Dolfan...

    ...and not that replica crap either...
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    2008 AFC East Champions

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    christ, leave it to the govt to take $202 million of someone's $315 million.
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  6. -6
    Coral Reefer's Avatar
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    Quote Originally Posted by Roman529 View Post
    Updated:2007-01-13 14:44:23
    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.


    Crooks 'Got All My Money'


    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.
    Yep, crooks certainly did get his money!

    Taxes took 65 % of his winnings according to this.

    65%

    That's about as criminal as it gets....

    Yes, I know there is a deeper meaning to this thread but I am unable to get past the Govt thieves.
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  7. -7
    bullseyeguy's Avatar
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    I found a picture of the guy...




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  8. -8
    bullseyeguy's Avatar
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    Quote Originally Posted by Trekbiz View Post
    Yep, crooks certainly did get his money!

    Taxes took 65 % of his winnings according to this.

    65%

    That's about as criminal as it gets....

    Yes, I know there is a deeper meaning to this thread but I am unable to get past the Govt thieves.
    I dont think its actually that bad, if you opt for the lump sum, the overall prize is usually cut in half...In reality, he paid less than 30%...Still a lot of money to be giving the IRS for nothing though...
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  9. -9
    Hall Of Famer

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    i can't believe you guys are talking about the taxes part...HE HAD 113 MILLION DOLLARS!!!!!!!!!!!!!!

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  10. -10
    wpgfishfan's Avatar
    Pro Bowler

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    Gov't did not take that much.

    When he won the powerball the 322 million is based on all future payments. By taking the money up front he lost most of it and then taxes took another chunk
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