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may
27

Won 9.7 million - now everything is gone

Tags: dustman, lottery, lotto, Michael Carroll, yale
Posted on 27 May 2010 by "T".
Michael Carroll, 27, became extremely rich 8 years ago when he took home the jackpot in a big lottery. Michael was at that time 19-years-old and living in small town in England. He had a quite bad reputation at that time because of his criminal past, and it didn't take long before he got the nickname "Lotto Lour" by the press. Anyhow, as a multi-millionaire Michael quit his daytime job and started[...]   Read more » Won 9.7 million - now everything is gone

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wow at loosing 9.7 million ... but he must have a lot of full tilt points anyway. Big Smile

     
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yeah i think that he didnot want say yale but jail.... anyway lose for me it like 12 million of $$ canadian dollars wow hes really bad with money .... with 12 million you can easily make all your life ....

     
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Hello everybody!
This proves that some are good at one thing. Ruin their lives lol.
See you soon for new posts lol!

     
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Sad stuff yep.
Don't know what I'd have done at 19 ... Confused
I thought they "guided" these winners, so they don'(t do stuff like this?

     
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Omg that's just epic...
How stupid u must be to loose that amount of cash? Really....

     
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Wow amazing story, a very sad one to be honest.

That's a perfect example of bankrollmanagement, haha j/k Big Smile

Well you know, like fejset always said "but hey, it's just money" Cool

     
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lol i know now for what he spend the 9mil look at the pic.All the money is gone to rings and blink blink.But he was to stupid to buy real gold and buy sheet from a backyard dealer

     
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and i feel bad for loosing a 700 $ bet :-w

     
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Spending money is very easy to do when u have it. No one wants to be responsible if they don't have to. My wife proves that to me every opportunity she gets, so why would this guy be any different.

     
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To be fair, I probably would have ended up dead if I received that amount of money when I was 19. I think I probably would have been permanently high.

Still, Im not much of a consumerist, I wouldn't have bought any bling, dumb cars, etc. Some would have gone on a modest house (say $500K AUS$) And a lot into investments that weren't too risky. I dont think I could make it all disappear in that amount of time. Even supporting a daily drug habit that money should last a loooong ass time.

     
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"If you give £9.7 million to a 19-year-old, what do you think is going to happen?"

He blows away a million or two and keeps the rest.


     
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I think when I would win that amount I would put s large amount on the bank for interest.

£ 6.0 milion with interest of +/- 2 % = 120.000 a year. I would say that is a very nice income....

But then again it is easy to say when I did not won it Confused

     
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What a donk

     
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Sick man ... I don know how to do it.. I will give all my family membars 1mln and for me will be 4million I wont buy a big house just live in small, invest 1mln somewhere 0.5mln in poker ;D and other in bank .. that all ..

     
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I got in to Harvord for DUI

     
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Posted by dozn01:
the main reason was because he spent most of his money on women and drugs



I'm doing that too, but I`m not broke Big Smile

     
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He must have a dead brain ! So sick !

     
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isildur1 is the same.

     
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it's just money

     
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Talk about bad bankroll management.
And he must have studied that in "yale"

     
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