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Not in a bloody hurry at all to get US$16 million richer

mee_siam_hum

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http://www.huffingtonpost.com/2011/12/30/iowa-lottery-winner-last-minute_n_1176971.html

Iowa Lottery Winner Claims $16.5 Million Prize At Last Minute

First Posted: 12/30/11 05:40 PM ET Updated: 12/30/11 05:40 PM ET
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Talk about procrastination.

The winner of an Iowa Lottery ticket valued at $16.5 million waited until two hours before the deadline to claim the prize. The ticket was purchased nearly one year ago.

Even though the prize has been claimed, it's still not clear who the winner is, according to the Des Moines Register.

The paper explains that attorneys from a Des Moines law firm went to lottery headquarters with the winning ticket, but they weren't the winners. Instead, they worked for Hexam Investment Trust in Bedford, New York, and it's still unclear if someone from Hexam is the ticket owner or if the trust simply represents the winner.

An Iowa lottIowa Lottery Winner Claims $16.5 Million Prize At Last Minute

First Posted: 12/30/11 05:40 PM ET Updated: 12/30/11 05:40 PM ET


Talk about procrastination.

The winner of an Iowa Lottery ticket valued at $16.5 million waited until two hours before the deadline to claim the prize. The ticket was purchased nearly one year ago.

Even though the prize has been claimed, it's still not clear who the winner is, according to the Des Moines Register.

The paper explains that attorneys from a Des Moines law firm went to lottery headquarters with the winning ticket, but they weren't the winners. Instead, they worked for Hexam Investment Trust in Bedford, New York, and it's still unclear if someone from Hexam is the ticket owner or if the trust simply represents the winner.

An Iowa lottery official told the paper that, before a check is handed over, the lottery will go through "standard security protocols" to make sure the money goes to its rightful owner.

"It's amazing things were cut that close," Iowa Lottery spokesperson Mary Neubauer told the AP, adding that it's still not clear where the ticket has been since the winning numbers were announced one year ago.

Still, at least someone stepped forward to claim the winnings in Iowa. On Monday, a $77 million lottery ticket went unclaimed in Georgia, according to CNN.ery official told the paper that, before a check is handed over, the lottery will go through "standard security protocols" to make sure the money goes to its rightful owner.

"It's amazing things were cut that close," Iowa Lottery spokesperson Mary Neubauer told the AP, adding that it's still not clear where the ticket has been since the winning numbers were announced one year ago.

Still, at least someone stepped forward to claim the winnings in Iowa. On Monday, a $77 million lottery ticket went unclaimed in Georgia, according to CNN.


<iframe width="640" height="480" src="http://www.youtube.com/embed/xmMpI1VFpwA" frameborder="0" allowfullscreen></iframe>


http://www.dailymail.co.uk/news/art...t-claims-14-3m-jackpot.html?ito=feeds-newsxml

Mystery trust claims $14.3 million lottery jackpot with less than two hours to go

By Associated Press

Last updated at 2:19 PM on 31st December 2011

Comments (5)
Share


Iowa Lottery officials had more questions than answers on Friday as they tried to unravel the stunning mystery behind a year-old winning ticket turned in less than two hours before Thursday's deadline for a jackpot worth up to $14.3 million.

Among the questions: Who actually bought the Hot Lotto ticket? Who are members of the trust that stepped forward to claim the prize less than two hours before it expired?

Where was the ticket for 364 days, and why did the trustee risk sending it by FedEx to Des Moines one day before the deadline?

Scroll down for video
Stumped: Lottery CEO Terry Rich with two lawyers representing the winning trust

Stumped: Lottery CEO Terry Rich with two lawyers representing the winning trust

Here's what they know: Two attorneys with Des Moines-based Davis Brown Law Firm showed up at Iowa Lottery headquarters at 2.10pm Thursday with the winning ticket before the 4pm deadline.

They represent Hexam Investments Trust, whose trustee is a lawyer and businessman named Crawford Shaw from the wealthy town of Bedford, New York.

Shaw signed the ticket, which was validated as the winner, on behalf of the trust.
Hours to go: The Iowa Lottery had been bombarded with calls since it announced the $16.5 million prize went unclaimed but all were bogus

Hours to go: The Iowa Lottery had been bombarded with calls since it announced the $16.5 million prize went unclaimed but all were bogus

'It's amazing things were cut that close. What if something had gone wrong? What if there had been a snowstorm? It was down to the wire,' said Mary Neubauer, a spokeswoman for the Lottery, which had installed a countdown clock, repeatedly issued public reminders about the ticket and had been making plans to give away Iowa's portion of the unclaimed jackpot.

'We just continue to be thrilled that the ticket that came in does ultimately preserve the winner's ability to claim this prize.'
Full investigation: Lottery CEO Terry Rich holds aloft the winning ticket

Full investigation: Lottery CEO Terry Rich holds aloft the winning ticket

But before they pay a dime, Lottery officials say they will conduct a thorough investigation to make sure the ticket was legally purchased, possessed and presented.

They were presented with another wrinkle Friday when they received calls from multiple, unrelated people claiming the ticket was stolen from them.

Steve Bogle, the lottery's vice president of security, said it had never faced similar circumstances in its 26-year history: a huge jackpot claimed so close before the deadline, a winner who sent tight-lipped lawyers to claim the prize rather than showing up in person, a trust whose members weren't immediately clear.

'Everybody's curiosity is very high. We hope to be able to get all our questions answered and that everything works out so we can award this prize,' he said.
Countdown: Iowa Lottery had a countdown clock on its website showing the winner how long they have to claim their millions

Countdown: Iowa Lottery had a countdown clock on its website showing the winner how long they have to claim their millions

'We will do this as expeditiously as possible but we will be very thorough and comprehensive.'

Neubauer said it's not known whether Shaw, a 76-year-old Yale graduate whose website calls him 'a leading international lawyer, financier and management consultant with offices in New York, London and Paris,' is the winner or whether he simply represents others.

She said investigators were in 'initial conversations' with him and making arrangements to meet him in person.

Security footage showing someone purchasing the winning ticket - numbers 3-12-16-26-33 and Hot Ball 11 - at a busy Des Moines convenience store near Interstate 80 and Interstate 35 on December 29, 2010, will be reviewed as part of the investigation.

Attorney Beau Gamble of the Davis Brown Law Firm claimed he had 'no idea' who actually bought the ticket and his firm was simply representing the trust. Asked whether Shaw was the winner, Gamble said: 'That will be up to the Lotto to decide. Mr. Shaw is not claiming to be the winner. He's just the trustee of the trust.'
Winning store: A person who bought a lottery ticket from Quik Trip almost a year ago to the day has just hours to claim their $16.5 million prize

Winning store: A person who bought a lottery ticket from this Quik Trip almost a year ago to the day has just hours to claim their $16.5 million prize

Gamble said he wasn't authorized to comment on any other details or what he called 'the mechanics' of how the ticket was found and sent to Iowa.

Lottery officials said they first heard from the law firm Tuesday and were told it was representing a trust in connection with the jackpot. Neubauer said the ticket was shipped on Wednesday through FedEx, presumably from New York, and arrived at the firm Thursday.

'We look forward to learning the details we've all been wondering about these many months, such as: How did the winner find out he had the jackpot-winning ticket? How long has he known he'd won? Why did he wait until the last day to turn in the ticket?' Lottery CEO Terry Rich said. 'Every winner's situation is different, and it's always fun to hear the story.'

An unfulfilled dream: The winning ticket was sold at a truck stop in June Missing out: On Monday a $77 million Powerball lottery ticket went unclaimed in Georgia

But Shaw wasn't talking Friday - he did not return phone or e-mail messages. And his son, Crawford Shaw, Jr., wouldn't reveal what he knew.

'I'm not an attorney. I can't get into it,' he said.

Neubauer said the jackpot had an annuity value of $16.5 million when the prize was drawn, but has dropped to about $14.3 million because of a weak bond market. She said the winner has 60 days to decide whether to take the annuity or a cash payout of $10.75 million, which has not changed.

She said other winners had formed trusts to split up prize money - but they showed up to claim it themselves. As for Hexam, she wondered: 'Is it somebody's initials?'

Despite the murky circumstances surrounding the ticket, she said its appearance should be a relief to hundreds of Lottery players who called suggesting they might be the winner.

'They didn't wash the ticket. They didn't lose the ticket. The dog didn't eat their ticket,' she said. 'We'd heard all of those stories and more.'

Mystery trust claims $14.3 million lottery jackpot with less than two hours to go

By Associated Press

Last updated at 2:19 PM on 31st December 2011

Comments (5)
Share


Iowa Lottery officials had more questions than answers on Friday as they tried to unravel the stunning mystery behind a year-old winning ticket turned in less than two hours before Thursday's deadline for a jackpot worth up to $14.3 million.

Among the questions: Who actually bought the Hot Lotto ticket? Who are members of the trust that stepped forward to claim the prize less than two hours before it expired?

Where was the ticket for 364 days, and why did the trustee risk sending it by FedEx to Des Moines one day before the deadline?

Scroll down for video
Stumped: Lottery CEO Terry Rich with two lawyers representing the winning trust

Stumped: Lottery CEO Terry Rich with two lawyers representing the winning trust

Here's what they know: Two attorneys with Des Moines-based Davis Brown Law Firm showed up at Iowa Lottery headquarters at 2.10pm Thursday with the winning ticket before the 4pm deadline.

They represent Hexam Investments Trust, whose trustee is a lawyer and businessman named Crawford Shaw from the wealthy town of Bedford, New York.

Shaw signed the ticket, which was validated as the winner, on behalf of the trust.
Hours to go: The Iowa Lottery had been bombarded with calls since it announced the $16.5 million prize went unclaimed but all were bogus

Hours to go: The Iowa Lottery had been bombarded with calls since it announced the $16.5 million prize went unclaimed but all were bogus

'It's amazing things were cut that close. What if something had gone wrong? What if there had been a snowstorm? It was down to the wire,' said Mary Neubauer, a spokeswoman for the Lottery, which had installed a countdown clock, repeatedly issued public reminders about the ticket and had been making plans to give away Iowa's portion of the unclaimed jackpot.

'We just continue to be thrilled that the ticket that came in does ultimately preserve the winner's ability to claim this prize.'
Full investigation: Lottery CEO Terry Rich holds aloft the winning ticket

Full investigation: Lottery CEO Terry Rich holds aloft the winning ticket

But before they pay a dime, Lottery officials say they will conduct a thorough investigation to make sure the ticket was legally purchased, possessed and presented.

They were presented with another wrinkle Friday when they received calls from multiple, unrelated people claiming the ticket was stolen from them.

Steve Bogle, the lottery's vice president of security, said it had never faced similar circumstances in its 26-year history: a huge jackpot claimed so close before the deadline, a winner who sent tight-lipped lawyers to claim the prize rather than showing up in person, a trust whose members weren't immediately clear.

'Everybody's curiosity is very high. We hope to be able to get all our questions answered and that everything works out so we can award this prize,' he said.
Countdown: Iowa Lottery had a countdown clock on its website showing the winner how long they have to claim their millions

Countdown: Iowa Lottery had a countdown clock on its website showing the winner how long they have to claim their millions

'We will do this as expeditiously as possible but we will be very thorough and comprehensive.'

Neubauer said it's not known whether Shaw, a 76-year-old Yale graduate whose website calls him 'a leading international lawyer, financier and management consultant with offices in New York, London and Paris,' is the winner or whether he simply represents others.

She said investigators were in 'initial conversations' with him and making arrangements to meet him in person.

Security footage showing someone purchasing the winning ticket - numbers 3-12-16-26-33 and Hot Ball 11 - at a busy Des Moines convenience store near Interstate 80 and Interstate 35 on December 29, 2010, will be reviewed as part of the investigation.

Attorney Beau Gamble of the Davis Brown Law Firm claimed he had 'no idea' who actually bought the ticket and his firm was simply representing the trust. Asked whether Shaw was the winner, Gamble said: 'That will be up to the Lotto to decide. Mr. Shaw is not claiming to be the winner. He's just the trustee of the trust.'
Winning store: A person who bought a lottery ticket from Quik Trip almost a year ago to the day has just hours to claim their $16.5 million prize

Winning store: A person who bought a lottery ticket from this Quik Trip almost a year ago to the day has just hours to claim their $16.5 million prize

Gamble said he wasn't authorized to comment on any other details or what he called 'the mechanics' of how the ticket was found and sent to Iowa.

Lottery officials said they first heard from the law firm Tuesday and were told it was representing a trust in connection with the jackpot. Neubauer said the ticket was shipped on Wednesday through FedEx, presumably from New York, and arrived at the firm Thursday.

'We look forward to learning the details we've all been wondering about these many months, such as: How did the winner find out he had the jackpot-winning ticket? How long has he known he'd won? Why did he wait until the last day to turn in the ticket?' Lottery CEO Terry Rich said. 'Every winner's situation is different, and it's always fun to hear the story.'

An unfulfilled dream: The winning ticket was sold at a truck stop in June Missing out: On Monday a $77 million Powerball lottery ticket went unclaimed in Georgia

But Shaw wasn't talking Friday - he did not return phone or e-mail messages. And his son, Crawford Shaw, Jr., wouldn't reveal what he knew.

'I'm not an attorney. I can't get into it,' he said.

Neubauer said the jackpot had an annuity value of $16.5 million when the prize was drawn, but has dropped to about $14.3 million because of a weak bond market. She said the winner has 60 days to decide whether to take the annuity or a cash payout of $10.75 million, which has not changed.

She said other winners had formed trusts to split up prize money - but they showed up to claim it themselves. As for Hexam, she wondered: 'Is it somebody's initials?'

Despite the murky circumstances surrounding the ticket, she said its appearance should be a relief to hundreds of Lottery players who called suggesting they might be the winner.

'They didn't wash the ticket. They didn't lose the ticket. The dog didn't eat their ticket,' she said. 'We'd heard all of those stories and more.'

<iframe width="640" height="360" src="http://www.youtube.com/embed/xmMpI1VFpwA?feature=player_embedded" frameborder="0" allowfullscreen></iframe>
 
Last edited:

Cruxx

Alfrescian
Loyal
Statistically, it's more than likely that he would fritter away the whole 16 million within the next five years. Good luck to him :smile:
 

halsey02

Alfrescian (Inf)
Asset
Statistically, it's more than likely that he would fritter away the whole 16 million within the next five years. Good luck to him :smile:

If you win that large amount of money, you should deposit them to CPF, they know how to invest that money for you & when to give you. WHEN!:biggrin: it is the safest place!:wink:
 
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