Do you ever, in your wildest dreams, think you may end up bankrupt after winning a $16.2 million lottery jackpot? It does happen and it happened to William "Bud" Post. Post won the jackpot way back in 1988 and that's when his troubles began. Consider the following problems that he had:
-Within 3 months of his first annuity payment, he was half a million dollars in debt after purchasing such things as an airplane, a restaurant, and a used car lot
-His brother hired a contract killer to try to kill him
-A court order was given to stay away from his 6th wife after he fired a gunshot at her car
-His former landlady sued him for a portion of his winnings
-He auctioned off the last 17 annuity payments because he was in debt
-Served time in prison for assault
-Went bankrupt and lived the rest of his life on a $450/month disability check
-Died of respiratory heart failure.
Does this sound like the life of a lottery winner? It just goes to show that money doesn't always bring happiness.
Thursday, January 15, 2009
Lottery Winner William Bud Post Went Bankrupt
Thursday, January 15, 2009
Tino Sundin
Posted by: Tino Sundin
Updated at: Thursday, January 15, 2009
