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Lottery Winner Now Broke

 
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7969



Joined: 26 Mar 2003
Posts: 5782
Location: Coastal Guangdong

PostPosted: Thu Mar 21, 2013 1:51 pm    Post subject: Lottery Winner Now Broke Reply with quote

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Nine years after cashing her $10.5-million cheque, Hamilton lotto winner Sharon Tirabassi is catching the bus to her part-time job so she can support her kids and pay the rent. Tirabassi, 35, has gone from rolling in dough to living paycheque to paycheque. The Lotto Super 7 payout didn�t come with a financial adviser and before she knew it � big house, fancy cars, designer clothes, lavish parties, exotic trips, handouts to family, loans to friends � the money was gone.


Quote:
She works part-time as a personal support worker and is raising her six kids in a rented house in downtown Hamilton. Her husband, Vinny, 35, has another three kids from a previous relationship.


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In 2006, the newlyweds and blended Tirabassi family moved to a massive $515,000 home in Ancaster. Despite the lottery win, Tirabassi took out a $360,000 mortgage on the house. Vinny says they owned four vehicles: a bright yellow Hummer, a Mustang, a Dodge Charger and a $200,000-plus, souped-up Cadillac Escalade, Tirabassi�s baby. The vanity licence plate read �BABIPHAT,� after one of her favourite designer clothing lines. Ancaster neighbours hated that Cadillac. Equipped with interior turntables and sound mixers, it blared hip hop in the driveway that shook their quiet suburban street. Tirabassi didn�t like her neighbours. �They didn�t like young people,� she says.


Quote:
A lot of friends came out of the woodwork when news broke of her win � and a lot of them she never heard from again.


Easy come, easy go Laughing

Hamilton lottery winner fritters away $10 million
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scot47



Joined: 10 Jan 2003
Posts: 15343

PostPosted: Fri Mar 22, 2013 1:59 pm    Post subject: Reply with quote

Not the first and certainly not the last.
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Denim-Maniac



Joined: 31 Jan 2012
Posts: 1238

PostPosted: Mon Apr 01, 2013 10:36 am    Post subject: Reply with quote

These are quite common stories about lotto winners. Common in that its not hard to find them, but not common in that everyone will succumb to such foolishness.

As much as Id like a windfall, I do think one of the multi-million jackpots would be more of a curse than a blessing though.
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