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N.J. Powerball winner comes forward to claim $338M jackpot
Star Ledger NJ.com ^

Posted on 03/25/2013 4:06:47 PM PDT by SMGFan

The mystery winner of a $338 million Powerball jackpot has come forward, according to a report on NorthJersey.com.

Pedro Quezada, a 44-year-old father of five who owns a bodega on 8th Street in Passaic, showed up at the liquor store where the ticket was sold to claim his prize this afternoon, the report said.

(Excerpt) Read more at nj.com ...


TOPICS: News/Current Events; US: Michigan; US: New Jersey
KEYWORDS: bodega; cantspeakenglish; michigan; newjersey; passaic; passaiccounty; pedroquezada; powerball

1 posted on 03/25/2013 4:06:47 PM PDT by SMGFan
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To: SMGFan

The winner of the $338 million Powerball lottery is a 44-year old immigrant who owes a Passaic convenience store.

http://www.northjersey.com/news/Passaic_bodega_owner_claims_Powerball_jackpot_video.html

—Time for him move. He came forward too fast without legal & financal advice?


2 posted on 03/25/2013 4:09:34 PM PDT by SMGFan (SMGfan is not "Sub Machine Gun" fan)
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To: SMGFan

Lucky guy.

But, I would strongly recommend that he keep quiet, anonymous and hire a good lawyer and good tax accountants prior to cashing in his ticket.


3 posted on 03/25/2013 4:10:24 PM PDT by OKRA2012
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To: SMGFan

“He came forward too fast without legal & financal advice.”

Not the smartest guy in New Jersey.


4 posted on 03/25/2013 4:11:59 PM PDT by OKRA2012
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To: OKRA2012

Well that is my guess. You do not show up at the store you bought it! Contact the NJ Lottery officials


5 posted on 03/25/2013 4:14:03 PM PDT by SMGFan (SMGfan is not "Sub Machine Gun" fan)
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To: SMGFan

Word of advice to the winner: immediately disappear.

No phone, paper, or digital trail whatsoever. Change name, location, all personal data, and go deeper undercover than witness protection. Leave no contact info with the relatives. Move at least 1000 miles away, and use worn cash to pay for everything.

Buy a farm house at the end of a long windy lane and fence the whole thing off like it’s a military installation.

And be sure to pay your taxes, or Sister Janet may come for a visit, driving an MRAP.


6 posted on 03/25/2013 4:14:36 PM PDT by lurk
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To: SMGFan

Idiot Alert!

He has compromised his family’s safety and security forever.


7 posted on 03/25/2013 4:15:06 PM PDT by G Larry (Which of Obama's policies do you think I'd support if he were white?)
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To: SMGFan
To the liqour store????

(snicker)

8 posted on 03/25/2013 4:18:22 PM PDT by catfish1957 (My dream for hope and change is to see the punk POTUS in prison for treason)
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To: SMGFan

What a sweet racket.
PRIZE $338 Million.
Means ‘they’ had to collect whatever the auto payoff to Govt entities the ‘money is earmarked for + Op expenses - 338 is probably half??
Then get penalized for ‘early payout’
Then get taxed.
Think his take home is about 120 million

So if you figure that 700 +- Mill was collected and the guy gets 120 million, nice racket....

And ‘they’ (Govt) raise hell if I want to sell/raffle my house/car— whatever and sell tickets....


9 posted on 03/25/2013 4:25:01 PM PDT by xrmusn (6/98 --I turn 75 next year- but remember, that's only 24 Celsius. (TKS R. Reagan))
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To: OKRA2012

First thing to do:
Change your name to something like "Chip Nickerson".

Second thing to do:
Get lost.

10 posted on 03/25/2013 4:46:07 PM PDT by billorites (freepo ergo sum)
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To: lurk

Thats what i would do, except i would even stay in this country. The govt gets the inital tax payment/theft, then I would be GONE like a fart in the wind. Only contact of any friends and family would cease to exist, except for a means to reach me should something happen to my parents.


11 posted on 03/25/2013 4:59:07 PM PDT by ObozoMustGo2012
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To: SMGFan

If Pedro is an illegal he shouldn’t get a cent. Still, its better than a Muslim winning.


12 posted on 03/25/2013 5:44:05 PM PDT by ClearBlueSky (When anyone says its not about Islam...it's about Islam. That death cult must be eradicated.)
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To: ClearBlueSky
If Pedro is an illegal he shouldn’t get a cent..

Is citizenship required to legally purchase a lottery ticket in NJ?

13 posted on 03/25/2013 5:50:24 PM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: SMGFan

Two ways to look at this:

1) take lump sum layout and move to foreign country where other ex-pats are to avoid potential income tax increases because he now a 1%er, or

2) take the annual payout of $7,000,0000 after 40% annual income tax and collect $202 million but risk tax increase.

He could have also created a trust so that in the event of his death if he doesn’t live the next 29 years it could go to the trust and distributed per his wishes.

Bottom line is his return on investment over 29 years on the annual payment will exceed and investment of the lump sum payout unless he goes high risk IMHO

2) take


14 posted on 03/25/2013 6:03:49 PM PDT by shotgun
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To: shotgun

Typos are what I get from posting from my iPhone.


15 posted on 03/25/2013 6:05:07 PM PDT by shotgun
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To: SMGFan

His troubles and problems have only just begun; he has no idea of what’s ahead.


16 posted on 03/25/2013 6:10:08 PM PDT by carriage_hill (The most insidious power the news media has, is the power to ignore.)
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To: SMGFan
Does he pay state income tax based on where he lives when he bought the ticket or when he cashes the ticket? If it is where he lives where he cashes the ticket he could have saved nearly $20 million of New Jersey income tax by moving to a zero income tax state before cashing it (assuming he takes the $221 million immediate payout option).
17 posted on 03/25/2013 6:13:14 PM PDT by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
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To: xrmusn

The American dream used to be work hard, pay taxes, save and you will get ahead. Now it is win the lottery. A heck of a lot more people could do the former.


18 posted on 03/25/2013 6:13:55 PM PDT by The_Media_never_lie (Actually, they lie when it suits them! The crooked MS media must be defeated any way it can be done!)
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To: KarlInOhio

I don’t know about NJ, but in NY if the ticket is purchased there, you pay their tax.

http://www.forbes.com/sites/janetnovack/2012/03/30/how-much-tax-will-you-owe-on-540-million-jackpot/


19 posted on 03/25/2013 6:16:57 PM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: nascarnation

You can be in this Country “legally” without being a Citizen.

Being an Illegal Invader is something entirely different.


20 posted on 03/25/2013 6:19:10 PM PDT by Kickass Conservative (Compliance with Tyranny is Treason...)
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To: nascarnation
"Is citizenship required to legally purchase a lottery ticket in NJ?"

I can't imagine that.

I go to Spain, Mexico and other places that have national lotteries.

I don't play lotteries, but I know that I'm welcome to do so, am approached to buy tickets in "El Gordo" and other games all the time, and I know everyone in these countries would expect that I be honored and protected as a winner.

Same here in my home state. We'll sell you lottery tickets regardless of where you're from and we run an honest game. Plus, we'll sell you cigarettes and beer for less than you would pay anywhere else in New England. With no bottle deposit. That's right. No container deposit at all.

Wait, it gets even better.

There's no state income tax. None at all on earned income.

There's no sales tax either. No sales tax and free two day shipping if you have Amazon Prime.

I crossed the border at St. Albans on my way back into the States last summer and the customs guy asked,

"What are you bringing back from Canada?"

"Nothing." I replied.

"You spent two months in Canada and you bought nothing to bring home?"

"Yeah, that's right. I live in tax free New Hampshire and have Amazon Prime. What the hell do I want to bring back from Canada?"

Oh, I guess here's the kicker.

You can hunt on Sunday in NH.

21 posted on 03/25/2013 6:27:39 PM PDT by billorites (freepo ergo sum)
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To: nascarnation
All the more reason to see a lawyer and accountant. Maybe even have the lawyer sign the papers and pick up the check for you rather than get stuck in a press conference.
22 posted on 03/25/2013 6:27:51 PM PDT by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
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To: SMGFan

Cousin Pedro!!!!!


23 posted on 03/25/2013 6:28:33 PM PDT by EDINVA
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To: billorites

I have Amazon Prime too.
Are we allowed to mention that on FR?


24 posted on 03/25/2013 6:30:41 PM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: ClearBlueSky

I don’t think an illegal could own a bodega with all the regs in NJ.


25 posted on 03/25/2013 6:32:58 PM PDT by EDINVA
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To: nascarnation

Fred C Dobbs was an illegal immigrant in Mexico when he won the lottery (see Bogie in Treasure of the Sierra Madre)...but desperadoes got him in the end.


26 posted on 03/25/2013 6:57:06 PM PDT by Insigne123 (It is the soldier, not the community organizer, who gives us freedom of the press)
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To: SMGFan
Pedro, you're a dunce. Anyone who wins that much money and then tells the world his name, his age and where he lives is just a marked man. He's going to be miserable.

If you ever win, change your phone number, get a PO box, get a lawyer and an accountant, set up a charitable foundation and never, ever, ever hold a press conference to announce you won.

27 posted on 03/25/2013 7:18:50 PM PDT by OrangeHoof (Our economy won't heal until one particular black man is unemployed.)
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To: SMGFan

Give him 1 million and seize the rest for redistribution. Oh, and then tax the 1 mill.


28 posted on 03/25/2013 8:49:59 PM PDT by SgtHooper (The last thing I want to do is hurt you. But it's still on the list.)
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To: SMGFan

He’ll likely be dead in 12 months.


29 posted on 03/30/2013 6:33:22 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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