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View Full Version : Lottery Winner Loses $114 Million In Four Years



Gundress
03-29-2012, 08:21 PM
Just four and half years ago, Andrew Jackson "Jack" Whittaker, Jr. was the president of of a successful contracting firm called Diversified Enterprises Construction. At 55 years old, Whittaker was living a successfully comfortable American life complete with a a net worth of over one million dollars, a well rounded family, great job and healthy grandkids. On December 25, 2002, Whittaker's life changed forever when he stopped at a supermarket to fuel his Lincoln Navigator and purchased a deli breakfast sandwich and a Powerball Ticket worth US$315 million. The jackpot won by Whittaker was the highest ever in the United States at the time and Whittaker chose the cash payment option receiving a check after taxes for about US$113.4 million. Little did Whittaker know, the devastation that ticket would cause on his life.

The Good

Charitable Contributions

Whittaker's first cause of action was to pledge ten percent of his winnings to Christian charities in West Virginia including several churches affiliated with the Church of God. Whittaker next donated about fourteen million dollars to create the Jack Whittaker Foundation as a non profit entity to provide food and clothing to low income families in rural areas of West Virginia. Lastly, Whittaker returned to the supermarket he purchased the ticket and bought the woman who sold him the ticket a new house and a new car as a tip.
The Bad

How to loose $114 million dollars in 4 years.

His enormous new wealth, meant everyone wanted a piece of Whittaker and his legal and personal problems quickly spiraled out of control. Less than one month after winning $114million, Whittaker was arrested for drunk driving.

In August of 2003, while spending over one hundred thousand dollars at the Pink Pony strip club in Cross Lanes West Virginia, thieves stole $545,000 in cash from his car. Two strip club employees were later arrested and charged with drugging Whittaker's drinks and arranging the robbery, however the money was never recovered.

In January of 2004, thieves again broke into his car and stole over $200,000 in cash. This cash was later recovered. Next Whittaker was arrested and charged with misdemeanor assault after allegedly threatening the life of a bar manager. This suit was settled out of court for an undisclosed amount. A couple of months later, Whittaker was sued for allegedly groping a woman at a dog racetrack. Again, he settled this suit out of court for an undisclosed amount. When interviewed about his legal run ins around this time Whittaker replied, "It doesn't bother me because I can tell everyone to kiss off!"

The Ugly

Irresponsibility and Personal Problems Destroy Whittaker

In September of 2003, Jesse Tribble, a 17 year old friend of Brandi Bragg, Whittaker's granddaughter was found dead in Whittaker's West Virginia home. The autopsy determined that Bragg died of a drug overdose. Bragg's family would sue Whittaker for wrongful death and that case discussed below was also settled for a large monetary amount.

Shortly after the Tribble death, Whittaker's granddaughter, Brandi Bragg was found dead on December 20, 2004. Brandi had been missing for several weeks and was found under a tarpaulin near her boyfriend's home. During a hearing on October 11, 2005, a disheveled Whittaker berated law enforcement agencies for their fixation on him and demanded that they solve his granddaughters death.

In 2006, Whittaker was sued by Caesers Atlantic City casino. Whittaker promptly countersued. Caesers claims that Whittaker bounced $1.5 million in checks that were supposed to cover his gambling losses. Whittaker claimed that he should be credited due to a slot machine he developed for them and that Caesers owes him money.

In January of 2007, Whittaker came forward to the police alleging that thieves had stole the remainder of his fortune. He stated that thieves, in a coordinated plan had cashed 12 checks effectively emptying his bank account. Whittaker did not find out about the theft until Kitti French who had had settle with earlier filed an additional claim against Whittaker for non-payment.

To top it all off, on March 26, 2007, Whittaker was forced to settle a wrongful death civil suit for the death of Jessie Tribble, his granddaughters ex-boyfriend who had died 3 years before. Under questioning Whittaker admitted providing his deceased granddaughter with a $2100 per week allowance and that he hardly watched the child even though she was in his custody. A multi-million dollar deal was immediately struck after this testimony.
The End

Whittaker now claims to be struggling financially and barely able to make ends meet with the payouts from previous lawsuits. He has frequently stated that no amount of money lent to friends and family was ever enough and that his experiences with the lottery destroyed his life. He states that if he could do it all over again, he would have just filled up his tank, bought a sandwich and gone on his merry way.

CelticBaller
03-29-2012, 08:29 PM
give the lotto to me and I would spend it on fast food stops, apartments and other business. Personal problems really fvcked up his life but he wasn't using his money for more than charitable work

Myth
03-29-2012, 08:34 PM
He has frequently stated that no amount of money lent to friends and family was ever enough and that his experiences with the lottery destroyed his life.

Sounds like he is deflecting blame that he should accept. Why does he always keep so much cash in his car? You'd think he would learn after the first time. Why the need to get f*cked up at bars/strip clubs if it always screws you over? Why doesn't he act like a parent to the granddaughter that he had custody of? The money didn't make his life shit. He just used the money as an excuse to not take responsibility for anything anymore.

chips93
03-29-2012, 08:36 PM
He has frequently stated that no amount of money lent to friends and family was ever enough and that his experiences with the lottery destroyed his life. He states that if he could do it all over again, he would have just filled up his tank, bought a sandwich and gone on his merry way.

ill never be able to wrap my head around being this pathetic, begging friends for cash. even hf they are loaded, just getting money off of a friend, with no intent to pay it back? thats pretty pathetic. how does someone have that little pride, and such little independence.

Horde of Temujin
03-29-2012, 08:42 PM
ill never be able to wrap my head around being this pathetic, begging friends for cash. even hf they are loaded, just getting money off of a friend, with no intent to pay it back? thats pretty pathetic. how does someone have that little pride, and such little independence.

Thats what separates you from the animals. You have some brains and pride.

SCREWstonRockets
03-29-2012, 08:45 PM
Could you decline press coverage? Like say i win the mega millions tomorrow, could i collect anonymously? I don't think i would tell a soul for the first couple years.

nathanjizzle
03-29-2012, 08:48 PM
Could you decline press coverage? Like say i win the mega millions tomorrow, could i collect anonymously? I don't think i would tell a soul for the first couple years.

no, you have to do interviews for the lottery commission or any PR they ask you to do. read the back of a lottery next time you get one.

vinsane01
03-29-2012, 08:53 PM
Who carries 545k dollars in cash? Got it stolen and then carried 200k in cash? Apparently this guy.

DevilsAssassin
03-29-2012, 09:01 PM
:biggums:

Scholar
03-29-2012, 09:05 PM
I remember watching a televised documentary entitled "The Curse of the Lottery," where this douchebag's curse was detailed. Apparently, the guy was dumb enough to not only take $500k+ to a strip club with him, but he was also dumb enough to tell strippers in the strip club that he had $500k+ in cash in his car.

I can't understand some people's greed. I'm not saying that just because you're making $1 million/year, you must automatically settle, but it takes a certain kind of greed to not only look at $1 million/year and think, "Eh.. It's not enough," but also go out and buy tickets to win more money than you know what the **** to do with. :facepalm


Could you decline press coverage? Like say i win the mega millions tomorrow, could i collect anonymously? I don't think i would tell a soul for the first couple years.

I've been reading into lottery winnings and it turns out that in some states you're allowed to create a small corporation/company/entity/whatever and claim the winning prize under it. Depending on how your states' lotto system works, they can easily just advance cash to this entity and you can collect the money out of there.

However, from my understanding, this isn't allowed in the majority of states. Even if you're allowed to make a small company (or whatever you'll title it), the Lotto Co. will want an individual signed under the company, whether it be you or a family member/friend/whoever named as CEO/owner/etc., to step forward and take the winnings from a big ass check they'll hand you.
Why?
Publicity purposes.

Horde of Temujin
03-29-2012, 09:15 PM
I wonder if there is a way to have somebody claim it for you. Is it possible to come up with a contract and offer a percentage of the prize?

Abd El-Krim
03-29-2012, 09:18 PM
Sounds like somebody should have moved out of the hood.

NoGunzJustSkillz
03-29-2012, 09:19 PM
Sounds like he is deflecting blame that he should accept. Why does he always keep so much cash in his car? You'd think he would learn after the first time. Why the need to get f*cked up at bars/strip clubs if it always screws you over? Why doesn't he act like a parent to the granddaughter that he had custody of? The money didn't make his life shit. He just used the money as an excuse to not take responsibility for anything anymore.
lol @ this clown getting robbed, what a dozen times?:roll:

NoGunzJustSkillz
03-29-2012, 09:22 PM
ill never be able to wrap my head around being this pathetic, begging friends for cash. even hf they are loaded, just getting money off of a friend, with no intent to pay it back? thats pretty pathetic. how does someone have that little pride, and such little independence.
That's why you have to move where no other relatives live.

chips93
03-29-2012, 09:37 PM
That's why you have to move where no other relatives live.

if i won, im pretty sure i wouldnt have family/friends begging me for money, to the point that i would be broke

i guess i dont know that many losers :confusedshrug:

johndeeregreen
03-29-2012, 10:31 PM
I don't care how rich you are, what kind of ****ing moron carries $550,000 in cash? What is even the point of that? And leaving it in your car? Really?

johndeeregreen
03-29-2012, 10:34 PM
On July 5, 2009, Ginger Whittaker Bragg, Jack's daughter and the mother of Brandi Bragg, was found dead in Daniels, Raleigh County, West Virginia. Foul play is not suspected, but toxicology tests are expected.[8]

CelticBaller
03-29-2012, 10:35 PM
I'd be able to live on one million for almost the rest of my life.
money is tempting man. at least have a plan B like i do :oldlol:

Myth
03-29-2012, 10:38 PM
I'd be able to live on one million for almost the rest of my life.

It would take me at least 2 million, but 1 million means half of my financial life goal is already taken care of, thus I can plan on an early retirement.

NoGunzJustSkillz
03-29-2012, 10:38 PM
if i won, im pretty sure i wouldnt have family/friends begging me for money, to the point that i would be broke

i guess i dont know that many losers :confusedshrug:
I rarely even speak with relatives besides my mom and siblings. I always wondered how it would play out if I ever did make it big...do people you usually see once every few years start appearing daily? i wonder how many facebook requests i'd get immediately after winning? Shiet, how many pokes cause I get none now.

Myth
03-29-2012, 10:45 PM
I rarely even speak with relatives besides my mom and siblings. I always wondered how it would play out if I ever did make it big...do people you usually see once every few years start appearing daily? i wonder how many facebook requests i'd get immediately after winning? Shiet, how many pokes cause I get none now.

I imagine I would shut down my Facebook account if it started being like that.

NoGunzJustSkillz
03-29-2012, 11:32 PM
can you imagine all the charities hounding you immediately after winning? like i said, i'm out.

Scholar
03-30-2012, 12:58 AM
saying "fvck off" isn't that hard, is it?

I don't even know how to pronounce that.

"Fvck"... :confusedshrug:


I'm ok with saying, "**** off," though.

Myth
03-30-2012, 01:35 AM
can you imagine all the charities hounding you immediately after winning? like i said, i'm out.

Just publicly announce that you will donate to some charities, but any that contact you will receive no money.

Jasper
03-30-2012, 01:46 AM
new about this guy a long time ago , how as so many lotto winners , literally go nuts

Lets face it , when your carrying 500k in a briefcase - you do hav a problem. :coleman:

Joshumitsu
03-30-2012, 04:38 AM
The money wasn't the problem. His true character was.

Most people that buy lottery tickets tend to have a consumer mentality. They buy a ticket every week because they feel compelled to spend that extra cash, justifying it as a means to an end. This isn't necessarily bad or wrong.

It's just that when you give a person with that kind of mentality a large sum of money, they'll end up spending it because they don't know what else to do.

This is why we see many athletes, lottery winners, and celebrities going broke.

I doubt many lottery winners actually consult a financial adviser. They'd rather go out on spending sprees with their family and friends.

joe
03-30-2012, 04:57 AM
The money wasn't the problem. His true character was.

Most people that buy lottery tickets tend to have a consumer mentality. They buy a ticket every week because they feel compelled to spend that extra cash, justifying it as a means to an end. This isn't necessarily bad or wrong.

It's just that when you give a person with that kind of mentality a large sum of money, they'll end up spending it because they don't know what else to do.

This is why we see many athletes, lottery winners, and celebrities going broke.

I doubt many lottery winners actually consult a financial adviser. They'd rather go out on spending sprees with their family and friends.

Ya. The frugal types aren't the ones buying lotto tickets..

Cowboy Thunder
03-30-2012, 08:43 AM
Ya. The frugal types aren't the ones buying lotto tickets..
I got $5 on it today

QUIZZLE
03-30-2012, 08:44 AM
I don't even know how to pronounce that.

"Fvck"... :confusedshrug:


I'm ok with saying, "**** off," though.

Really?

JohnnySic
03-30-2012, 09:12 AM
There is no "lottery curse". The lottery winners who blow it all are always morons. Coincidence? Nope.

Why dont you ever hear about the winners who made smart decisions and were set for life? Not as interesting I suppose.

niko
03-30-2012, 09:25 AM
If you win the lottery, the first thing you should do is go to a big bank and get a financial planner (not an individual as they might take your money). Go and tell them exactly what you want to do. $114M, you can not only take care of people you want to, have a shitload of fun, and still never work.

And avoid assets that costs a lot of money to maintain. A $10M house, yes you can afford to buy it, but the upkeep is expensive too. Avoid assets that have a lot of additional costs that are recurring.

And for god sakes if you are single don't get involved with anyone unless they sign agreements not asking for money.

deion2123
03-30-2012, 03:31 PM
this guy has a low IQ

Scholar
03-30-2012, 03:58 PM
Ya. The frugal types aren't the ones buying lotto tickets..

Paid $6 from my hard-earned income for today's drawing. :confusedshrug: I can be rich and frugal, too.



I'm not excessively frugal, though. I like to enjoy life but make sure I've still got cash left over for other life events.

blablabla
03-30-2012, 04:08 PM
here in austria the lottery winners can get the money anonymously

wTFaMonkey
03-30-2012, 04:13 PM
I'm pretty sure lottery winners can hire agents that can collect that money on behalf of them.

Myth
03-30-2012, 05:18 PM
I'm pretty sure lottery winners can hire agents that can collect that money on behalf of them.

Which reminds me, if any of you win and are worried about the press, you can hire me to go in and collect for you so you don't have to do that press stuff.