You know how I love reading about the trials and tribulations of lottery winners. Brad Duke is the example of someone that knew how to turn his lottery winnings in to a life long investment. Unfortunately most other people aren’t that successful with their winnings.
Take Rhoda Toth as an example. She won $13 million 18 years ago and has long since gambled and spent that money. In 2006 she and her husband were accused of tax evasion and the trial just completed. Unfortunately for her husband Alex has since died so it’s just poor Rhoda facing the music.
At her sentencing, she claimed that she had MS and couldn’t walk. When the judge saw video of her walking around, he opted to sentence her to jail, rather than let her off with a smaller punishment.
Just think. 18 years ago she was on top of the world. Now, she is facing jail time and is broke. Had she invested that money all those years ago, she’d be dining in the same restaurants as Warren Buffet. (Okay, bad example because we all know Warren eats in pretty darned normal restaurants, but you get the point.)
http://www.tampabays10.com/news/local/story.aspx?storyid=86972&catid=8