Skip to comments.N.J. Powerball winner comes forward to claim $338M jackpot
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 ...
The winner of the $338 million Powerball lottery is a 44-year old immigrant who owes a Passaic convenience store.
—Time for him move. He came forward too fast without legal & financal advice?
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.
“He came forward too fast without legal & financal advice.”
Not the smartest guy in New Jersey.
Well that is my guess. You do not show up at the store you bought it! Contact the NJ Lottery officials
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.
He has compromised his family’s safety and security forever.
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....
First thing to do:
Change your name to something like "Chip Nickerson".
Second thing to do:
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.
If Pedro is an illegal he shouldn’t get a cent. Still, its better than a Muslim winning.
Is citizenship required to legally purchase a lottery ticket in NJ?
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
Typos are what I get from posting from my iPhone.
His troubles and problems have only just begun; he has no idea of what’s ahead.
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.
I don’t know about NJ, but in NY if the ticket is purchased there, you pay their tax.
You can be in this Country “legally” without being a Citizen.
Being an Illegal Invader is something entirely different.
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.
I have Amazon Prime too.
Are we allowed to mention that on FR?
I don’t think an illegal could own a bodega with all the regs in NJ.
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.
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.
Give him 1 million and seize the rest for redistribution. Oh, and then tax the 1 mill.
He’ll likely be dead in 12 months.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.