Was wealthy client behind huge lottery win?
The tale of three money managers claiming the biggest lottery payout in Connecticut history last week had already defied the traditional rags-to-riches plot everyone loves. Now it appears that the more than $100m (£64m) in cash will not go to their pockets at all but rather to a client of their firm, who needs it even less.
Perhaps it was the deadpan look on the faces of the trio, who are all employed by Belpointe Asset Management in the well heeled town of Greenwich that first got people wondering. The suggestion now is that the ticket belonged to a client of theirs who wanted a way to enjoy the money without revealing his identity. The solution, according to a local estate agent who rents out office space to Belpointe, was for the men to set up a trust for the money and then act as a front for the client pretending they had bought the ticket.
If this proves to be correct the state might ask for its cheque back. While the payout totalled $254.2m, the trio opted to take a lump-sum, after-tax payment of $104m. But lottery rules appear to stipulate that all payouts will be voided if the purchaser of the winning ticket does not show up in person to collect their prize.
- 1 The truth about 'girl things': Three cheers for Heather Watson's honesty
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 4 Tennis fan suing Australian Open organisers for 'failing to shade spectators' during Murray match
- 5 Syrian refugee child beaten by Istanbul Burger King manager for eating customer’s leftover food
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Rob Lowe hits out at White House decision not to meet Israeli leader
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign
Winston Churchill: From accusations of anti-Semitism to the blunt refusal that led to the deaths of millions
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Excellent Salary : Austen Lloyd: OXFORD - REGIONAL FIRM - An excellent opportu...
Super Package: Austen Lloyd: BRISTOL - SENIOR CLINICAL NEGLIGENCE - An outstan...
£15000 - £50000 per annum: Recruitment Genius: Fantastic opportunities are ava...
Negotiable: Recruitment Genius: A Compute Engineer is required to join a globa...