These lottery winners won fortunes but spent it all
lovemoney staff
20 November 2019
The ultimate reversals of fortune
Believe it or not, statistics show 70% of lottery winners end up broke and a third go on to declare bankruptcy. Runaway spending, toxic investments and poor accounting can burn through a lucrative windfall in next to no time. From rags to riches then back to rags again, click or scroll through as we tell the stories of the lottery winners who lost it all.
Marva Wilson
Kansas City grandmother Marva Wilson won $2 million (£1.55m) on the Missouri Lottery in 2008, but didn't hold onto it for long. A family acquaintance called Freya Pearson scammed the unfortunate prizewinner out of her winnings, leaving trusting Wilson with nothing. Pearson was sentenced to five years in prison for her crime.
Roger Griffiths
After Roger Griffiths bagged a $2.45 million (£1.9m) win on the UK National Lottery in October 2005, he quit his job along with his wife and binge-spent to the max, snapping up designer clothes, luxury cars and a barn conversion, and jetting off on extravagant vacations. The money soon ran out and the couple's marriage broke down. Their assets had to be sold off to cover the debts and Griffiths now lives alone in a small cottage.
Sponsored Content
Callie Rogers
Britain's youngest lottery winner, Callie Rogers was over the moon when she scooped $2.3 million (£1.8m) in 2003 at the tender age of 16. The supermarket checkout girl from Cumbria ditched her job and pretty much went off the rails, splurging on cosmetic surgery, drug-fueled nights out, vacations and gifts. So much so that, by 2013, Rogers had just $2,580 (£2k) left in the bank.
Ronnie Music Jr
Instead of investing his winnings in real estate or stocks and shares, 45-year-old Ronnie Music Jr plumped for crystal meth of all things when he landed a $3 million (£2.3m) prize playing the Georgia Lottery in February 2015. The hapless drug dealer was caught. On top of losing his investment, Music was sentenced to 21 years in prison in April 2016.
Daniel Carley
Another lottery winner who has ended up behind bars, Daniel Carley scooped CA$5 million (US$3.7m/£2.8m) on the Ontario Lottery in 2006. The St Catherines resident spent like crazy. By 2012, Carley was broke and up to his eyeballs in debt. Desperate to make ends meet, he turned to drug dealing and was sentenced in August 2017 to two-and-a-half years for selling crack cocaine.
Sponsored Content
John Roberts
The champagne corks were flying when Edinburgh native John Roberts scored a $4.26 million (£3.3m) win on the UK National Lottery in 1998, but Roberts was back to drinking cava in next to no time. The spendthrift Scot spent a fortune on supercars and unwise investments, including a money-pit pub. By 2001, Roberts' winnings had disappeared and he ended up moving into a mobile home.
Ibi Roncaioli
Ibi Roncaioli and her doctor husband Joseph were already comfortably off when Ibi won CA$5 million (US$3.7m/£2.8m) on the Canadian Lotto 6/49 in 1991. But all was not well in the relationship. Ibi had two 'secret' sons from previous relationships and gifted them the bulk of the winnings. When Joseph found out in July 2003, he killed his wife by injecting her with a cocktail of lethal drugs. The former gynecologist was sentenced to seven years in prison for the crime.
Peter Kyle
Former soldier Peter Kyle cleaned up to the tune of $6.45 million (£5m) when his numbers came up on the UK National Lottery in 2005, and he even won $700 (£540) playing Bingo to celebrate the win. But all this good luck wasn't to last. By 2008, Kyle had lost the lot and was forced to claim unemployment benefit, having pumped his cash into a series of appallingly bad investments.
Sponsored Content
Lawrence Candlish
When Lawrence Candlish landed a UK National Lottery payout of $7.6 million (£5.9m) in 1997, he lavished his family with gifts, including property and cars. Candlish moved to Spain in the early 2000s and ploughed the rest of his winnings into several failed business schemes, while illegally claiming UK disability benefits. The now penniless ex-pat returned to the UK to face the music in 2012 and received a suspended sentence for the fraud.
Sharon Tirabassi
A victim of her own generosity, Sharon Tirabassi from Hamilton, Ontario won CA$10.5 million (US$7.8m/£6m) on the Canadian Lotto Super 7 back in 2004. Tirabassi spent lavishly on family and friends, splurging on everything from designer clothes to a tricked-out Cadillac. Now, all that's left of her lottery winnings is tied up in trust for her children and Tirabassi is living frugally in a rented house.
Ryan Magee
Ryan Magee from Derry, Northern Ireland nabbed a spot on the Sunday Times Top 100 Rich List for young people when he won the EuroMillions jackpot in February 2008. But his affluence was short-lived. Magee lost a fortune when his business crashed in 2013, and eventually had to put the home he bought with his winnings (worth $8.25 million/£6.4m) up for sale to help pay off his creditors.
Sponsored Content
Lee Ryan
Londoner Lee Ryan was awaiting trial for handling stolen vehicles when he walked away with a $9 million (£7m) win on the UK National Lottery in 1995. The convicted criminal, who served nine months in prison, spent like crazy on his release. Ryan moved to Kyrgyzstan in the mid-2000s and was duped out of the rest of his winnings. By 2010, the money had all but vanished, Ryan returned to London and the 'Lotto Lag', as he was nicknamed by the UK press, spent two years sleeping on the streets.
Keith Gough
Tragic Keith Gough picked up $12.5 million (£9.7m) in prize money when his numbers came up on the UK National Lottery in 2005. Keith splurged on luxuries and spoiled family and friends. As his spending spiraled out of control, his wife divorced him and Keith descended into alcoholism. Broke and in serious debt, he died of a heart attack in March 2010.
Michael Carroll
Garbage collector Michael Carroll scooped a UK National Lottery jackpot of $13.5 million (£10.5m) in 2002 at the age of 19. Dubbed the 'Lotto Lout' by the British tabloid press, the convicted criminal squandered the lot on partying, blingy jewelry, tacky vehicles and OTT gifts for family and friends. By 2010, Carroll was so hard up he was forced to return to his former minimum wage job to make ends meet. Today he earns a living delivering coal.
Sponsored Content
John McGuinness
Winning a bumper $13.9million (£10.8m) on the UK National Lottery in 1997, soccer fan John McGuinness quit his hospital porter job and spent like no tomorrow, snapping up troubled Scottish soccer club Livingston in the process for $4.1 million (£3.2m). Guinness hadn't realized he'd be liable for the club's debts and his remaining winnings were swallowed up. By 2009, McGuinness had barely enough cash left for groceries.
William Post
William 'Bud' Post III thought he'd lucked-out big-time when he won $16.2 million (£12.6m) on the Pennsylvania Lottery in 1988. Not so much when his brother tried to have him murdered to get hold of the money, and his wife successfully sued him for a large chunk of the winnings. His spending out of control, Post eventually ran up debts of of $1 million (£780k) and was living on food stamps for several years before his untimely death in 2006 at the age of 66.
Janite Lee
South Korean immigrant Janite Lee went from rags to riches in 1993, winning a cool $18 million (£13.95m) on the Missouri Lottery. Overly generous, the former wigmaker's American Dream soon turned into a nightmare. Lee donated millions to charity and bankrolled the Democrat Party, and bought everything on credit. By 2001, the philanthropist was bankrupt, owing her debtors a staggering $2.5 million (£1.9m).
Sponsored Content
David Lee Edwards
Kentucky resident David Lee Edwards won a $27 million (£20.9m) share of a Powerball jackpot in 2002. Flush with cash, Edwards went on the mother of all spending sprees, blowing the lot in under five years on a huge mansion, fleet of luxury cars and a LearJet, not to mention copious amounts of narcotics. Ravaged by drugs and estranged from his wife, the ill-fated lottery winner died in 2013 aged 58, penniless and alone.
Jack Whittaker
In 2002, construction boss Jack Whittaker won a whopping $314.9 million (£244m) on the Powerball multi-state lottery and opted for a lump sum payout of $113 million (£87.6m). Plagued by bad luck, the Virginia native overspent and frittered away the cash on bad investments – he was even robbed at one point. By 2007, all the money had gone and Whittaker was back to square one.
Now discover the incredible stories of lottery jackpot winners who won again and again
Comments
Be the first to comment
Do you want to comment on this article? You need to be signed in for this feature