It seems almost unbelievable that someone could squander away all their lottery winnings, and yet it’s more common than people think. In general, those who have worked for their money tend to be more cautious about spending it but if you’ve been given a lump sum it’s much easier to splash the cash and part with it. Inspired by a recent blog post, we take a look at some of the lottery winners who just couldn’t keep onto their cash!
1) Jack Whittaker
In 2002, Jack won $314.9 million in the Powerball. The 55 year old was already a successful businessman, worth around $17 million, but despite his previous experience handling large amounts of money, it seems the American got a little bit carried away. Whilst he donated millions to charity, he foolishly carried around large amounts of cash in a suitcase wherever he went. On two occasions, thieves broke into his car and stole $545,000 and $200,000 in cash. Jack also lavished money on his granddaughter, and other friends and family members and ended up paying a series of fines for various offences and gambling debts
2) Michael Carroll
In 2002, when Michael was just 19 and working as a binman, he won just under £10,000,000 on the National Lottery. The self proclaimed King of Chavs however squandered his money on parties, drugs, cars and bling and in 2013 accepted a £6 an hour job in a biscuit factory when he lost all his money. However, the job was short lived and after he was dismissed he ended up in a homeless hostel in Inverness. He is now said to be working in a slaughterhouse and in February 2014, signed contracts for a film to be made about his life. Let’s hope he doesn’t blow the royalties from that either!
3) Callie Rogers
At just 16 years old, Callie Rogers won £1.9 million in 2003 but ten years on had just £2000 in the bank. Callie frittered away her money on drugs, parties and cosmetic surgery as well as spoiling so called friends. In an interview she said she didn’t know who to trust, but is now happier than ever. As a mum of three, she’s now training to be a nurse and lives in a modest £80,000 house with her partner Paul.
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