SpiritBear: Can You Spare a Million?: Why It Pays to Stay Anonymous After Lottery Win
Becoming a newly minted millionaire comes at a personal price for many lottery winners: They lose their anonymity.
That’s what California man B. Raymond Buxton sacrificed when he came forward Tuesday as the sole winner of the $425 million Powerball jackpot — following six weeks of staying in the shadows.
Buxton claimed his cash from the California Lottery without the fanfare of a news conference — even covering his face in a publicity picture with the standard oversized check.
Still, that will do little to stop friends, family and random acquaintances alike from trying to get a piece of his windfall, lottery experts say.
"If I could have done it (stayed anonymous), I would have."
"Everyone’s different. Some people will enjoy this five minutes in the spotlight," said Jason Kurland, an attorney for three Greenwich, Conn., wealth managers who split a $245 million Powerball jackpot in 2011.
"But a lot of times, winners come to me and they’re petrified. They don’t know how to protect themselves from other people with their hands out."
California is among the majority of states that compel lottery winners to be publicly identified if they want to collect their cash.
Six states — Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina — allow winners to remain anonymous.
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MDJ: [Christine Lagarde] In many ways, the world is at a critical juncture: emerging from the greatest financial crisis in almost a hundred years. Recovery is taking hold but is too slow and it faces several obstacles along the road. Bold policy steps can overcome these obstacles and take the global economy to the next level of more rapid and sustainable growth.
Blee: Wife's WF Bank Story 4-2
While not as exciting as some of the other bank stories, I thought I'd share my wife's WF bank experience this eve because I thought it was a bit telling.
While WF (twin cities location) isn't our main bank, my wife has a minor account there. She went in to open a 2nd account this evening and to make a small deposit. While chatting with the banker, she asked if they exchanged foreign currency.
"We do," replied the banker. "Which currencies do you have?"
My wife played fairly naive and listed off a variety of currencies including the dong and Iraqi dinar.
The banker replied that they could exchange everything but the dinar as it currently doesn't have an exchange rate. My wife asked if they would be exchanging the dinar anytime in the future, and the banker replied that yes, they will exchange the dinar after it has an exchange value.
The banker she was working with stepped away for a bit, and within minutes the bank manager came over to introduce himself to my wife. The meeting was fairly brief, but he made a point to tell her that if she had any special needs he would be more than happy to work with her.
My wife also noted that the bank manager didn't come out of his office to introduce himself to any of the other customers at the branch.
Like I said, not super exciting, but this info is the closest "reading between the lines" sort of personal intel I've come across to date.
[hub] just my take, i dont think loans and debt are the same in this situation,,,,i think they have owed money to countries that has nothing to do with loaning money
[jodilf] multi-tasking with son so probably not being clear - what I mean is other countries have a vested interest in Iraq revaluing their money
[hub] Lauren305 people laugh but the world computer systems are not set to handle the dinar at the present rate to handle world trade when you’re buying billions of dollars of product..too many 00000000 and the system is not set to do this....example , the 1.2 trillion dinar bonds if were
[hub] $1.2 trillion,,this would be over a zillion dinar and no system can handle that number of 00000000000000000000000
[hardtorecall] hub Are you hearing anything?
[hub] hardtorecall got a source that his people say now,,,,,,and they are very close.....saw the bonds,,,i mean SAW the bonds.....when they sold
[hardtorecall] hub Yeeesssss!
hub] hardtorecall $3.71
[hardtorecall] hub That'll work! Lol
hub] and the currency dealer says is done, doesnt know why has not pulled the trigger
[hub] i will see all later,,,,,,,,,dont give up,,or think this is stupid....we are there, the iraqi people are wore out ,,,,things are about to start moving fast,,,so hold on...hey they should make a song like .....oh they did....just keep the attitude...we are there......good nite.....
[xyz] Ex-JPMorgan trader in 'Whale' scandal open to facing U.S. http://www.reuters.com/article/2014/04/02/us-jpmorgan-londonwhale-crime-idUSBREA3122020140402
[xyz] Ex-Evercore banker pleads guilty to insider trading charges http://www.reuters.com/article/2014/04/02/us-evercore-insidertrading-idUSBREA3128120140402
[Rocky49] Remember "Treat all info as rumors until you get to the bank. They treat it as a blessing from God."
[Jester] EVERYONE REMEMBER TO PRAY FOR THE FT HOOD PEOPLE TONIGHT... THEY NEED PRAYERS...
Plan a Brilliant Future
Believe in everyday Miracles
Do what you think is right
Seek advice often
Live out loud
DON'T GIVE UP ON YOURSELF