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BankrollMob Poker News

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 to spend his fortune on bad investments and lots of drugs. Back in 2006, he ended up in yale for 9 months because of a fight he got into. Today, he's a father of two, but the money is all gone and now he's selling his house and also aiming to get back his old job as a dustman.

So how could everything go so wrong for him? There are probably many, many reasons. Anyhow, this is what Michael Carroll said in an interview with BBC.

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

 


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50 comments for "Won £9.7 million - now everything is gone"

 paulparadiis27/05/2010 11:15:25 GMT
I didn't know you get into Yale, for getting in fights!
 Pitiless27/05/2010 11:24:46 GMT
If someone had given me those 9,7 millions, I would still have at least 6 millions of it 8 years later. The rest of the money would have been used to investments, like a nice house... and some properties..
that guy must feel awful right now, Im sorry for his family
 watoba27/05/2010 11:39:33 GMT
i don´t understand this how can u lost 9millions thats sick.I had make a safe investment agree with with pitiless for 6 millions a half million for a house in jamaica or another nice sunny place and the rest for fun and poker

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@paulparadis go in yale for a fight is easy.On first he was crimal before and when u hit a man maybe he can fall wrong break his neck and u go to jail
 Flippedchips27/05/2010 12:00:31 GMT
lol too funny the muppet trying to get his old job back

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lol too funny the muppet trying to get his old job back
 mazas27/05/2010 12:13:09 GMT
big pot went into dumb young man hands and he with big love spent it so fast Sad
so his head didnt work good now its just starting but it too late Sad

good luck all
 jevo27/05/2010 12:14:01 GMT
The king of Chavs is busto!! WoHoooo
 T3ddyKGB27/05/2010 12:23:27 GMT
thats around 100k a month he wasted. who knows what exactly happened, but definatly bad influence
 paulparadiis27/05/2010 12:26:23 GMT
Yes, it's JAIL, not YALE. Yale is an University, if i'm correct Big Smile
Club
 T3ddyKGB27/05/2010 12:30:28 GMT
Posted by paulparadiis:
I didn't know you get into Yale, for getting in fights!


hahaha! i didnt even notice taht.
yea its an university, maybe they got a box academy now Big Smile
 paulparadiis27/05/2010 12:40:10 GMT
Posted by T3ddyKGB:
Posted by paulparadiis:
I didn't know you get into Yale, for getting in fights!


hahaha! i didnt even notice taht.
yea its an university, maybe they got a box academy now Big Smile

Yes, but they make it sound like it's a bad thing, getting into Yale. Club
 B1gfoot27/05/2010 13:28:43 GMT
Yep, what a guy.
and now the BBC want to make him some money, and id guess a book will be out soon...lets get this guy on TV, put him on BBC using my tax money to pay him tell us how much of a nob he is, thats what im paying for BBC. For crack heads to get thier fix, lets put him in some charity events and let the kids look up to such a cool guy.
 magatt96627/05/2010 13:37:49 GMT
Posted by Pitiless:

that guy must feel awful right now, Im sorry for his family


I'm not so sorry for him: fortune knock at your door and you shut it on its face....then you are such an idiot.
You should think he was only 19 yo when it happened:
well, now when he says "If you give £9.7 million to a 19-year-old, what do you think is going to happen?" he is confirming everybody his lacking in intelligence


I'm sorry for other kind of people not these ones


PS: looking at his picture I have to admit I shouldn't say what I just said directly to him Big Smile Big Smile
 dozn0127/05/2010 13:38:59 GMT
the main reason was because he spent most of his money on women and drugs
 magatt96627/05/2010 13:40:31 GMT
Posted by dozn01:
the main reason was because he spent most of his money on women and drugs



yes, and wasted the rest Smile
 kazman27/05/2010 13:42:45 GMT
hes done for the rest of his life, donk
 Y2k8727/05/2010 14:00:33 GMT
hahaha people like him always get lucky and we see what happens
 NaziPal27/05/2010 14:17:41 GMT
I believe age has nothing to do with wether a person will blow out all his money or not. its simply a matter of character. No matter what your age or background is, if you have character, then you can take any big amount (or small for that matter) and make it work for you.

That's just my 2cents...
 jessthehuman27/05/2010 14:21:52 GMT
""If you give £9.7 million to a 19-year-old, what do you think is going to happen?"

well apparently he's gonna go bash someone
 B1gfoot27/05/2010 14:34:43 GMT
Its a typo, it should read ""If you give £9.7 million to a numpty, what do you think is going to happen?"
 MANUEDO27/05/2010 14:57:00 GMT
Fortune is wrong because is blind. Had I this luck instead of him, I would own BRM now ( Admin included Blink ). It's a bit sad story.
 Davoodoo27/05/2010 18:56:07 GMT
wow at loosing 9.7 million ... but he must have a lot of full tilt points anyway. Big Smile
 leroi2127/05/2010 19:07:58 GMT
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 ....
 DAGOR27/05/2010 19:55:44 GMT
Hello everybody!
This proves that some are good at one thing. Ruin their lives lol.
See you soon for new posts lol!
 IslandJack27/05/2010 20:04:58 GMT
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?
 ZmxPowah27/05/2010 20:40:07 GMT
Omg that's just epic...
How stupid u must be to loose that amount of cash? Really....
 Calmplay27/05/2010 21:54:48 GMT
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
 watoba27/05/2010 23:04:51 GMT
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
 duck_199128/05/2010 00:26:43 GMT
and i feel bad for loosing a 700 $ bet :-w
 psycokiller28/05/2010 01:18:20 GMT
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.
 jessthehuman28/05/2010 01:52:30 GMT
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.
 shokaku28/05/2010 05:01:43 GMT
"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.

 mifomo28/05/2010 06:15:24 GMT
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
 Miloutre28/05/2010 09:12:53 GMT
What a donk
 Fackinas28/05/2010 10:14:14 GMT
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 ..
 Cliffem28/05/2010 11:10:39 GMT
I got in to Harvord for DUI
 kraemer28/05/2010 14:24:57 GMT
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
 TERMINATOR28/05/2010 15:11:48 GMT
He must have a dead brain ! So sick !
 ricki18628/05/2010 17:30:36 GMT
isildur1 is the same.
 dejan6329/05/2010 01:07:12 GMT
it's just money
 Mudadzija29/05/2010 19:07:48 GMT
Talk about bad bankroll management.
And he must have studied that in "yale"
 SonFelix29/05/2010 19:23:18 GMT
how in the hell can you be able to lose over 9million pounds!!!!!!!!!!!C´mon MAN Aww crap! It´s over 10million euros Aww crap! how people can be as stupid as this fellow...

This guy must be the one who lost those 8 million dollars to Tom "durrrr" Dwan Heart
 Tchungpo31/05/2010 07:04:34 GMT
Not surprising, that is what happens with many of the people winning lottery...
Its just damn sick.... its not sane to have to much money !
 fasterisco31/05/2010 23:45:52 GMT
Not easy to spent all this mooney we can win many more just in % from the banks :S.... lucky guy ...but not smart indeed !! :x
 xxxbchxxx01/06/2010 02:08:29 GMT
Sad stupid freak... thats all i can say about this muppet.
"if you give 9.7 million to a 19 year old "...JUST SHUT UP no one wants to hear any thing that comes out of your mouth.
I hope he never gets on top again that'll teach him to be a prick.
 SuperNoob11/06/2010 14:31:03 GMT
omg really stupid to lose tht much money, but drugs can ruin anyone.
he must be regretting it all now and hoping he wins back tht money again. but it aint gonna happen again.
 captainmono11/06/2010 16:06:07 GMT
this guys an idiot. i dont feel bad at all. Im 20 and i would definitely have invested a chunk. bought a house (not 2 big) and played it smart. i dont know why criminals get lucky.
 Funope23/06/2010 03:21:32 GMT
I know what he is feeling. I had a same experience. Only thing that I was a little older and got less money.
 Fackinas23/06/2010 08:30:25 GMT
Posted by paulparadiis:
Yes, it's JAIL, not YALE. Yale is an University, if i'm correct Big Smile
Club

xD omg in this forum you can come here to make your day GREAT Big Smile
 kinogomes26/06/2010 08:34:54 GMT
A millionaire investing the money in cocaine, and 3 bitchs per day. What can we expect in the end???? of course he lost everything.
 dule-vu26/06/2010 13:57:11 GMT
you must be idiot to spend almost 10 million in 8 years and even his grandchildrens could live a very good life!especially if you do like he on drogs and bitches!just cant understand people,when you got this kind of opportunity and you blow up like you you never got anything!moron!!!

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