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5 Lottery Winners Who Lost It All and Why

November 16, 2015 by Blog Posts

By Kale Havervold,

575 Madison Avenue Office Space New York LotteryLet’s be honest, we have all imagined winning the big one, the lottery that would allow us to tell the boss to shove it and set up us up for life, forever stress-free, forever on top.

We took a look at some winners and found their lives were hardly stress free. Many went crashing from the top to the bottom in record time. The speedy journey down offers lessons for the rest of us.

1. Consider the sad tale of Jonathan Vargas

Jonathan Vargas, age 19, won the Powerball jackpot in 2008. It totaled a massive $35.3 million. With the money, he and some partners created “Wrestlicious”, an all-female wrestling promotion. Seems the world wasn’t ready. The endeavor fizzled within a year. Other bad investments followed. Other big losses followed. He is now broke.

2. Then there’s Abraham Lee Shakespeare

What can go wrong for a man named Shakespeare, right? Well the original Shakespeare knew comedy well, and tragedy. So too did Abraham Lee. He won the $30 million Florida lotto. He took his winnings and disappeared, really disappeared. Nobody knew where he was.

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