Some Rich Get Richer (Updated: Or Not?)
Update: The Daily Mail headlines, No wonder they looked sheepish! Wealthy bankers who claimed record $254m jackpot accused of collecting fortune as a ‘front’ for mysterious client.
Who says it’s the poor who play the lottery?
We all like the lottery. 3 Asset Managers Won $254 Million in Connecticut’s Powerball Lottery:
Timothy C. Davidson, Brandon E. Lacoff and Gregory H. Skidmore, three executives at Belpointe Asset Management, an investment firm based in Greenwich, Conn., have won $254.2 million in the Powerball game, the largest jackpot in the state’s history.
“The lottery is all about dreaming, and that runs across all demographics and all people,” said Anne Noble, the Connecticut Lottery’s chief executive.
Freakonomics did a terrific series on how we can all win the lottery. An idea we all should embrace.
2 Responses to “Some Rich Get Richer (Updated: Or Not?)”
[...] The Rich Get Richer (themoderatevoice.com) [...]
I thought the whole story was a little fishy to start with. First of all, why would three millionaires each chip in 33 cents to buy a single ticket? Secondly the name of the trust was interesting… Putnam Avenue Family Trust. Implies one family, not a group of people.
I can understand why the winner would want to remain anonymous. But if they really want $254 million dollars then they really should follow the rules. If retaining their anonymity is worth more than $254 million then they are free to forgo the prize.