The ruined lives of lottery winners

In 1988, William Bud Post was able to earn $16.2 million from the lottery. And within a year, not only was the American bankrupt, but he was also going into debt. William trusted his family and loved ones too much, investing in small businesses. Each of the investments went bust and Bud Post was left with nothing. Gone, too, was the girlfriend to whom he had given some of the money he had won.

William was even jailed after he attacked a debt collector and threatened to kill him. William now gives frequent interviews to various publications and lives happily on a modest salary. Bud Post talks about how he wouldn’t want to win the lottery again.

A marriage that has been saved

It is still unknown exactly whose carelessness caused the couple Martin and Kay Tott to lose five million dollars, but it did happen. The couple had been celebrating a sudden lottery win for a long time, until at one point they discovered that the winning ticket had disappeared.

Neither were the applicants able to find it. Thus, the five million dollars that the couple had already shared remained in the account of the lottery organisers. According to Martin’s confession, this loss was a hard time for the family and he and Kay almost divorced because of an unfortunate mistake.

Bus driver with ten million

Financial literacy lessons are the first thing to buy after a big lottery win. That’s the idea expressed by $10 million winner Sharon Tirabassi after she squandered all the money she won. The bus driver had been making ends meet for a long time before she was lucky enough to win. The money, of course, turned the woman’s head. She started buying houses, cars and living in luxury.

Ten years later, Sharon was back at the wheel of the bus. The money was hopelessly spent, but she managed to invest some of it in her children’s future. They will be able to get their money when they reach the age of 26.

Murder for two million

Ibi Ronchaoli won five million dollars in 1991. It was only some time later that the American admitted to her husband exactly how she had chosen to spend her earnings. Ronchaoli gave the two million to her child, which Joseph didn’t even know about. The gynaecologist’s revenge was terrible – he drugged his wife with painkillers, causing Ibi to die.

Joseph, on the other hand, decided not even to spend money on his wife’s funeral. Once in prison, he kept all the money for himself.

Money in the casino

Evelyn Adams, who had won more than five million dollars in the lottery, did the worst thing possible – she went to Las Vegas with the money. The casino capital siphoned off all the money from the American – five million settled in the accounts of the owners of the gambling establishments.