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Another Lottery Winner’s Cautionary Tale

A Kentucky man’s tale of winning the lottery and then dying broke recently made headlines in the United Kingdom, and it has also caught the attention of in the U.S.

The Daily Mail earlier this month published a story under the headline: “Tiffany’s father won a $27m Powerball jackpot when she was 11.  A decade later he died broke after he blew it all on a Learjet, fast cars, bad deals and drugs.”

The story, available here, is yet another filled with details about how a person unused to managing large amounts of money can have difficulties managing such assets wisely and end up dissipating the sudden money.



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