More on those Lotto winners

Teri Buhl sends along this story from the Daily Mail in which Greenwich realtor Tom Gladstone is quoted as saying that the boys didn’t really win anything and that they are merely managing the loot for a Greenwichite who was the real winner.  Well maybe. The Mail also posts a picture of what it terms Gregg Skidmore’s “sprawling mansion” – the last I heard of Mr. Skidmore, he was a young, aspiring Olympic sailor trying to scrape up donations to finance his quest (by all accounts he is a great sailor, but didn’t make the team, which is absolutely nothing to be ashamed of). Maybe he got rich in the past decade, maybe it’s a picture of his father’s house, maybe it’s not ‘sprawling” or maybe the Mail got the wrong house. I don’t know the answer. Tom Gladstone, on the other hand, is a known quantity and if he says that the money belongs to someone else, I believe him.

26 Comments

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26 responses to “More on those Lotto winners

  1. Cos Cobber

    Ok, so its getting more interesting…I admit. Do you have to be a US Citizen to win the lottery? Can the governor win (lives near the gas station) while in office? Whomever the real winner is, it’s a good bet that their reason for anonymity is a lot more than simply being bashful.

  2. It’s time for the Belpointe boys to admit they mislead the press about Tom Davidson (the trader) buying the ticket if this is true. But it makes a lot more sense than three guys buying a single quickpic ticket together and agreeing to share the funds. The story now is that Lacoff and Skidmore used the CT lotto to get some press for the firm -basically legal but doesn’t sit well with reporters when we get a half truth at a press conference.
    Wondering why they dragged Belpointe’s trader (Davidson) into the trio claiming the ticket though? Who’s client actually won the money?
    I agree with Chris – The UK papers love to exaggerate the actual wealth of hedgies/wall street money manager.

  3. CC – why should a lotto winner be allowed to claim a ticket behind the hidden wall of a family trust. We pool the prize money through buying tickets, some of the funds go to help support CT’s budget, it’s a public group effort, so why are tax shelters or hidden winners even allowed? Just asking.

    • I’ll answer that, Teri – once the prize has been won, the loot belongs to the winner, not the state. And by no means is the lottery “a public pooled effort” – it is, rather, a regressive tax on stupid people (that would be Mr. Lacoff or his client), with a dribble of proceeds doled out to encourage such ongoing stupidity. Works pretty well, too.

  4. Anonymous

    you really can’t make shit ^%$! up.

  5. Stanwich

    What an embarrassing pr debacle for these guys.

  6. Walt

    Dude –
    It would be great if they were fronting for Francis. He was probably leaving Beamers in Stamford, needed some gas, and only had one single left.
    That makes sense!!
    Your Pal,
    Walt

  7. Mr. 85 Broad St.

    Easy solution – gas station/mini mart in Stamford must have a security camera. Check the time stamp on the winning ticket to the video tape and see if the picture matches the supposed winner.

  8. father0five

    Lets talk about the green spaces meeting tonight at the pl&z meeting tonight! Seems like its not getting enough press as FAR !

  9. dogwalker

    Mr. 85 Broad St. – How long do you think they keep the tapes? 30 days is pretty standard, no? Could explain why they waited to claim.

  10. dogwalker

    Probably goes without saying but . . . we’ve all know about co-workers pooling to buy tickets. But it is always lower/mid level workers. So these three guy split one ticket? They all picked in 33 1/3 cents?

  11. burningmadolf

    I’ll say it again, until there is a legal requirement to speak to officials, bloggers and “reporters” can go piss up a rope.
    Of course this deal is someone trying to avoid scrutiny or taxes, otherwise why would 57 year old Davidson not park his winnings in an account with just his own name on it, quit his job and retire? Did he just buy 1/3 of the company?
    But it’s a non story until some rule of the game or law is actually broken.
    And CF, the Daily Mail? Come on now.

  12. burningmadolf

    Oh and Buhl, just read your “take” on this. You’re a hack

  13. Cos Cobber

    Ahh, so many legit and illegit reasons for the proxy winner structure. Was the ticket purchased in an office pool, but now the winner doesnt want to share with colleagues? is the winner a foreign national from a high tax nation who doesnt want to share their income with their homeland? is the winner involved in litigation which needs to be settled first or is the winner a high ranking government employee?

  14. “It’s time for the Belpointe boys to admit they mislead the press ”

    If you admit that you mislead the press, it sort of defeats the purpose of lying in the first place. Even I know that!

  15. Anonymous

    Wouldn’t it be great if the win were voided because the winner didn’t present himself or because the purported winners lied or misrepresented?! Don’t know if the statutes or regulations require honest dealing.

    • Nothing illegal about concealing your identity in this situation, Anon. It’s just sort of a fun story, which would never have gotten the attention it did if the winner hadn’t used a trio of (self-described) Greenwich hedge funders as his beard. Dumb move.

  16. Anonymous

    Not saying a misrepresentation would be “illegal”. But maybe it would violate some technical language in the lottery rules and thus void the win. A fun possibility worth looking into.

  17. Anonymous

    Dear Sir,

    My name is Franklin Igwilo, I am a financial consultant, I have consulted for various top government officials in my country. In the course of handling the various financial transactions of these individuals, prominent of which were funds transfers and cash lodgements in various offshore banks, often through diplomatic means. I particularly handled that of the last head of state of my country General Sani Abacha, who is now late, amounts running into millions of dollars.

    Unfortunately before the death of General Sani Abacha, we had well over $104MM dollars (USD) ready for shipment via diplomatic means to a security company in Europe, for disbursements into secret bank accounts abroad owned by the late General. This was not to be due to his demise. However the good news is that myself and a top ranking official of the external affairs ministry in my country have decided to move this money abroad to the security company in Europe. We are therefore seeking for a foreign investor who will provide an account where this funds will be lodged in upon arrival in Europe as well as claim the consignment from the security company. This transaction is risk free as we are granting absolute protection, security and confidentiality, based on arrangements we have made to use official documents to back up the funds when it arrives your account.

    The security company will honor any foreign individual who shows up to claim the consignment believing that person to be the owner of the consignment. However the contents of the consignment will not be disclosed to the security company.

    If you are interested please kindly contact me immediately, so that we can conclude this very awesome transaction, within a few days of receiving the required details.

    Please treat as urgent, while I await your response through email.

    Yours faithfully, Franklin Igwilo

  18. Whassup

    If I owed a lot of people money (failed RE deals, etc) I would put the word out that I was fronting for someone else, too…stops people knocking on your door, keeps friends and family off your back.

  19. Mr. 85 Broad St.

    So FF could sell himself the winning ticket, establish a trust (with its own tax id number), find three trustees who are willing to appear at the press conference and claim the prize and no one is any the wiser?
    Hard to believe there isn’t any more diligence than that to hand out $254mm.

    And why hasn’t Francis figured that one out yet….

  20. I reported as of this AM the CT lotto had not actually given the Belpointe boys the funds for the blind trust.
    http://www.teribuhl.com/2011/11/29/did-belpointe-asset-managers-lie-about-winning-ct-powerball/

    Trying to cover their rear?

  21. Pingback: Did Belpointe Asset Managers Lie About Winning CT Powerball? « TERI BUHL