Inside world’s unluckiest lotto winners who blew thousands and thousands on quick automobiles & mansions earlier than falling into debt & dependancy

From robbing banks to dying broke and hooked on heroin – these are world’s unluckiest lotto winners who blew their thousands and thousands on quick automobiles and mansions.

Successful the lottery is a dream come true – however for these 4 unfortunate winners, it turned out to be an utter nightmare.

From rags to riches and back to rags - these four lottery winners blew it all


From rags to riches and again to rags – these 4 lottery winners blew all of it
David Edwards won $41m prize but later died broke in a Kentucky hospice


David Edwards received $41m prize however later died broke in a Kentucky hospiceCredit score: .

From rags to riches and again to rags, these 4 ticket holders misplaced thousands and thousands to tax fraud, scams, dependancy and blowing all their money on luxurious automobiles and big mansions.

Alex Toth

When Alex Toth received $13million from the Florida Lottery in 1990, he took his winnings in instalments, getting a simple $666,666 yearly.

However Alex and his spouse Rhoda wasted no time splurging their money on the massive ticket objects and jet-setting the world, assembly celebrities from Oprah Winfrey to Donald Trump.

However Alex – who had six youngsters from previous relationships – wasted away a lot of his profitable to a nasty playing dependancy and as soon as lived in a $1000-a-night Vegas lodge room throughout a three-month bender.

He additionally by no means employed an accountant to take care of his taxes and the couple had been later charged with tax fraud, owing the state $2.5million in overdue costs.

Most learn in The Irish Solar

The duo ended up submitting for chapter not as soon as, however twice, in response to Lotto Exposed.

Sadly, days earlier than the case was set to go to trial, Alex died of a coronary heart assault in 2008 aged simply 60.

In accordance with local press, he and his spouse had been dwelling in squalid situations within the remaining years of Alex’s life with their solely electrical energy coming by means of an extension wire rigged to their automotive engine.

Rhoda was ultimately convicted and sentenced to 2 years in jail.

Jim Hayes

Jim Hayes was clocking off from an in a single day shift as an Los Angeles safety guard in 1998 when he found he received $19million enjoying California’s SuperLotto recreation.

Promising to “change for the higher”, Jim purchased six completely different Lamborghinis and an array of Bentleys, Porches and Corvettes and splashed out on a $1million oceanfront pad and acquired different properties in Utah.

At one level, he spent cash racing in Lamborghinis with Formulation One world champion Mario Andretti, in response to the Daily Mail.

However Jim’s ex-wife cottoned on, suing him and taking half and the ex-security guard quickly developed a heavy heroin behavior costing him $1,000 every week.

“He was spending like loopy,” mentioned former girlfriend Candace Walker.

“He’d get an advance on the subsequent yr’s [lottery] cost and borrow in opposition to it. However he was utilizing greater than he had.”

Jim ended up shifting right into a buddy’s storage and turned to robbing banks.

He was so prolific the FBI nicknamed him the “PR Cruiser Bandit” and the “Seasoned Bandit” due to his automotive and gray hair.

In accordance with Jim, he made 11 robberies earlier than being caught and swiped almost $40,000.

“After I did the primary one, it was really easy. It was like, wow,” Jim mentioned.

“It received simpler and simpler each time. I used to be fully hooked. I used to be getting off on it. It was like a recreation.”

In 2018, Jim pleaded responsible to financial institution theft and served 33 months behind bars.

William ‘Bud’ Submit III

William “Bud” Submit III was by no means good with cash and had served time in jail for writing again checks.

So in 1988, Bud thought his issues had been throughout when he received $16.2million from the Pennsylvania lottery.

However the spend-thrift blew two-thirds of his first annual cost of $500,000 shopping for a restaurant and a used-car enterprise for his siblings – and shortly landed again into debt.

He even bought a non-public airplane, despite the fact that he did not have a pilot’s license, and acquired a mansion.

Then Bud’s former girlfriend sued him for a 3rd of his winnings and when he did not pay, a choose froze his belongings.

And his relationship with this household shortly disintegrated to the purpose the place one in all his brothers had employed a hitman to kill him.

Bud was ultimately pressured to promote up every part he owned and was quickly again in jail for taking pictures at a repo man who tried to remove his automotive.

By the point he died at 66, he had been dwelling off Social Safety profit funds.

David Edwards

David Edwards was a convict felon who was unemployed and dwelling together with his mother and father in 2001 when he bought one in all 4 profitable tickets in a $280million Powerball jackpot.

He took his pay-out in a lump sum of $41million – $27million after taxes.

He then went on a spending spree, shopping for luxurious automobiles, 200 collectible swords and luxurious properties in Florida and California and was estimated to have spent $12million in the course of the first yr alone, in response to Money Wise.

He even purchased his personal jet price $1.9million and had a private pilot.

He additionally blew his winnings on three shedding racehorses and a acquired a fiber optics set up firm and a limo enterprise for $4.5million.

Then David and his spouse turned heavy drug customers, in response to native studies.

He turned so sick from his dependancy that he moved right into a hospice in Kentucky the place he died penniless aged 58.

Jim Hayes won $19m but lost it all and turned to robberies to fund his lifestyle


Jim Hayes received $19m however misplaced all of it and turned to robberies to fund his way of lifeCredit score: LASD
Alex Toth died broke and living off Social Security benefits before his death


Alex Toth died broke and dwelling off Social Safety advantages earlier than his loss of lifeCredit score: .
William'Bud' Post III said he regretted winning $16m


William ‘Bud’ Submit III mentioned he regretted profitable $16mCredit score: . Inside world’s unluckiest lotto winners who blew thousands and thousands on quick automobiles & mansions earlier than falling into debt & dependancy

Fry Electronics Team

Fry is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button