Posted on 07/27/2016 11:38:41 AM PDT by Gamecock
“When I win the lottery ...”
How many of us have chanted that refrain, daydreaming about how we’d quit our jobs, grab our winnings and head to a secluded beach with the family to live in blissful paradise? Or whatever your imagination conjures life-after-hitting-the-jackpot to be.
Of course it hardly ever turns out that way. We’re always hearing about lottery winners who blew it all. But Ronnie Music Jr., 45, a former maintenance supervisor in Georgia, has taken the storyline to a new depth.
Music, who won $3 million in a scratch-off lottery game in Georgia last year, invested his winnings in meth. And got busted.
“Music decided to test his luck by sinking millions of dollars of lottery winnings into the purchase and sale of crystal meth,” U.S. Attorney Ed Tarver said in a Justice Department statement. “As a result of his unsound investment strategy, Music now faces decades in a federal prison.”
Music pleaded guilty last week to federal drug trafficking and firearm charges, according to Jacksonville, Fla., TV station News4Jax.
He and his cohorts were arrested in September while trying to sell about 11 pounds of crystal meth that Music had bought with his lottery winnings, the Justice Department news release said. As part of the investigation, authorities “seized more than $1 million worth of methamphetamine, a large cache of firearms, thousands of rounds of ammunition, multiple vehicles, and more than $600,000 in cash.”
The short-lived millionaire pleaded guilty last week and faces a maximum sentence of life in prison.
Down payments on a couple of well located apartment buildings first, then lots of charity. The buildings will keep you fed for life and you’ll always have a place to move into if everything else goes south. And maybe a cruise...if they let me drive!
The couple who won 1/3 of that huge powerball jackpot just claimed their prize. They are doing everything right. I don’t think California allows trusts to claim a prize.
They moved out of their house the day before they claimed the ticket and have disappeared.
If I ever win, my claim is going to have so many layered entities claiming the ticket no media person will find out who won.
But your ticket in SC. You don’t have to have your name released here.
3,000,000 really isn’t that much.
After taxes he probably brings home 2,000,000.
New cars for the family, a new dream house, huge vacation and it’a all gone.
1.) Stock the bar with fine liquors. 2.) Buy a new truck. 3.)Solomon Islands for a month. 3.) Write a check to my 401K. - Done
After taxes, he would have slightly more than half his winnings, maybe half with state and fed tax combined.
There was a guy in Florida, a long time ago, who won big. He died 3 or 4 years later and all he had done was buy a used Chevy Malibu. Stayed in the same trailer, same neighborhood, same job.
That flick was hysterical!
:)
Good for him.
I would quit my job, but only to protect the winnings. All I would need is one frivolous lawsuit to wipe it out.
Maybe I would go practice my skills on the mission trail somewhere.
Many moons ago a guy a few doors down from me hit for $5M. Due to the usual suspects like stupidity, greedy family, etc., etc., he burned through it in 2 years.
Amazing to watch and now he’s a working stiff like the rest of us.
Ohio also.
He was supporting his local economy.
Meth dealers gotta eat too, ya know...
I worked with and was friends with a guy whose sister, who was in her mid-20’s at the time back in the early 80’s, bought a ticket on a whim and won a lottery jackpot of around 2 million dollars before taxes, when the lottery in Maryland was a relatively new thing.
She kept a very low profile, didn’t tell anyone about it including her family at first. She paid off all her debts which according to my friend was not a lot at the time (a student college loan and a small car loan), and purchased a very nice but modest house for herself for cash, but kept working her full time job which IIRC was in corporate accounting and wisely and prudently investing the rest.
25 years later she was able to retire and live very well on the investment income alone, not touching the remaining principal. She also paid off her parent’s house but not right away. Instead of going on a spending and gifting spree right off the bat, she invested well and conservatively and lived conservatively and frugally and waited for the investments to pay off.
Many lottery winners however do not have that sort of discipline and common sense.
Section 8 housing is government funded and controlled.
TWO CHICKS AT ONE TIME
Whatever it was I would burn through it in 90 days. Have done it a dozen times. No reason to stop now.
Not so fast. He has already parlayed the 3 million into a lifetime of free room and board, even when taking into account the tax hit. We could have a genius in our midst...
Chicks dig dudes with money.
Of course it is!
But I know what dsrtsage means.
“Two chicks at one time!”
ROTFLMAO!
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