Winner of $1.35 billion Mega Millions jackpot in Maine sues mother of his child to keep identity hidden
Winner of $1.35 billion Mega Millions jackpot in Maine sues mother of his child to keep identity hidden
Departing somewhat from Maine lottery rules, the jackpot winner was allowed to be identified by the company through which his ticket was purchased.
A man who won one of the largest lottery payments in U.S. history has filed a federal lawsuit against the mother of his child in an attempt to keep his identity concealed.
The man won a $1.35 billion Mega Millions jackpot earlier this year after purchasing a lottery ticket at a gas station in Lebanon, Maine. He has sued his child's mother in U.S. District Court in Portland with a complaint that she violated a nondisclosure agreement by "directly or indirectly disclosing protected subject matter" about his winnings, court papers state.
The court papers state that the defendant in the case disclosed the information to the winner's father and stepmother. Both the winner and the defendant in the case are identified only by pseudonyms.
I’ve read the famous lottery post enough times to know the major bullet points to follow after winning (not that I’ll ever win, because I don’t play the lottery):
- Don’t tell anyone.
- Go to your nearest big city and hire a partnered lawyer in trust & estates from one of the big national law firms. Look them up on martindale.com, apparently.
- Decide how you want to split your winnings and have your new lawyer handle the distribution.
- Yada yada, typical personal finance investing advice (good to follow even without a lottery).
- Live off the returns/interests earned.
Bad advice. I'd rather:
- Throw away all of the money on drugs and hookers
- Die
You can do that now, without playing or winning the lottery.
@snaptastic Please notify me if this comment does not satisfy your relevancy requirements.
In this case, I assume he was attempting to follow that advice except he had to tell the mother of his child for child support reasons. He did have her sign an NDA, she’s the one who told.
Also maintain physical control of the ticket, maybe consider a bank safety deposit box. And if privacy is a concern create an LLC to claim it under, since many (most) states require public disclosure of who wins (possibly including the news broadcast with a Big Check. If you trust them you’re new best friend- the asset protection lawyer you got referred to by the afore mentioned estate lawyer can claim it on the llc’s behalf.)
That all sounds like sound financial advice.
How many people who play the lottery pay attention to sound financial advice?
At least one.
Basically. I'd also change my name, grow my hair and facial hair out ao I'm damn near unrecognizable.
If you trust a lawyer (I’d trust a lawyer with a contract far more than I’d trust family with a million dollar ticket,) you can create an llc and have them claim it on your behalf. The name of the llc is what then gets published.
You can then distribute the winnings out of that LLC into one or more that then holds the cash or, holds the big assets (like a house).
This is particularly useful for inheritances and such like. Because the contents of that llc are secret to only the people managing it in trust and the owner, there’s less ability to fight over it.
It’s stupid to give away a single billion dollar prize when you could split that prize into multiple millions and change the lives of more than just one person.
The lottery doesn't help people, and no matter how many people you split the money across, it cannot help people. It is a way to lose money, nothing else. Anyone who says otherwise doesn't understand probability enough.
That's right. My cousin won a few millions in the early 2000s, it's gone by now & she's miserable, psychiatric therapy, stumbling from one medication to the next, 2 tubes divorcee, she was a perfectly content bakery saleswoman before that. It was the curse of her life.