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#1
01-12-2007, 01:35 PM
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beat: $315m powerball winner now broke
CHARLESTON, W.Va. - 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.
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. In the latest lawsuit, Whittaker told French's lawyer, John Barrett, that "a team of crooks" cashed checks in September at 12 City National Bank branches and "got all my money," according to the motion Barrett filed Wednesday in state court. "I intend to pay but can't without any money," Whittaker wrote, according to the motion. An official with City National Bank said Friday the bank is investigating "small discrepancies" in Whittaker's accounts. Calls to Whittaker and his lawyers Friday were not immediately returned. 
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#3
01-12-2007, 01:37 PM
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Re: beat: $315m powerball winner now broke
lol @ slots-only casinos
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#4
01-12-2007, 01:39 PM
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Re: beat: $315m powerball winner now broke
[ QUOTE ]
Whittaker won a nearly $315 million on Christmas 2002 [...] He took his winnings in a lump sum of $113 million after taxes. [/ QUOTE ] Jee-sus, the IRS are definitely the biggest crooks in this country.
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#5
01-12-2007, 01:42 PM
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Re: beat: $315m powerball winner now broke
[ QUOTE ]
[ QUOTE ] Whittaker won a nearly $315 million on Christmas 2002 [...] He took his winnings in a lump sum of $113 million after taxes. [/ QUOTE ] Jee-sus, the IRS are definitely the biggest crooks in this country. [/ QUOTE ] lol presentvalueoffuturemoneyaments
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#6
01-12-2007, 01:47 PM
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Re: beat: $315m powerball winner now broke
[ QUOTE ]
[ QUOTE ] Whittaker won a nearly $315 million on Christmas 2002 [...] He took his winnings in a lump sum of $113 million after taxes. [/ QUOTE ] Jee-sus, the IRS are definitely the biggest crooks in this country. [/ QUOTE ] That's actually not bad at all. Lump sum is generally about half of the total: Paying $44.5m on $157.5m really isn't that bad. I'd be happy to have that problem.
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#7
01-12-2007, 01:56 PM
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Re: beat: $315m powerball winner now broke
[ QUOTE ]
[ QUOTE ] [ QUOTE ] Whittaker won a nearly $315 million on Christmas 2002 [...] He took his winnings in a lump sum of $113 million after taxes. [/ QUOTE ] Jee-sus, the IRS are definitely the biggest crooks in this country. [/ QUOTE ] lol presentvalueoffuturemoneyaments [/ QUOTE ]
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