US

Mystery Trust Beats the Clock to Claim $14 Million Lottery Jackpot

IOWA CITY, Iowa (AP) — Lawyers for a mysterious trust have turned in the winning ticket for an Iowa Lottery jackpot worth up to $14.3 million just hours before the deadline.

The ticket bought on Dec. 29, 2010, was due to expire Thursday, and lawyers representing Hexam Investments Trust turned it in with just two hours to spare.

The trustee of the trust is Crawford Shaw, a New York attorney. But Lottery officials say it’s not clear whether Shaw is the winner or represents others. Shaw didn’t return messages Friday, and his adult son declined to comment.

Lottery officials say they are starting an investigation to make sure the claim is legitimate.

Lottery spokeswoman Mary Neubauer says the ticket shipped by FedEx arrived Thursday in Iowa. She says, “It’s amazing things were cut that close.”



Comments (36)

  • Steev
    Posted on January 2, 2012 at 12:11am

    It’s a tax dodge, that much is clear – what isn’t clear however, is why this story is important to, well, anything !

    Report Post » Steev  
  • tcseacliff
    Posted on December 31, 2011 at 6:39pm

    who cares about this story, it wasn’t me. nuff said!

    Report Post »  
  • Daveed
    Posted on December 31, 2011 at 5:25pm

    Or the goose flies North when he is upside down in a snow storm.

    Report Post »  
  • Daveed
    Posted on December 31, 2011 at 5:20pm

    I think a great expose on State Lotteries should be done by Stossel. Everything that has been that can be, that produces income has been politially corrupted. Why would we think that State Lotteries would be any different? Smart people do not play it.

    Report Post »  
  • Your Name Here
    Posted on December 31, 2011 at 2:17pm

    Look up “Blind Tust” to see the reasons for using one to claim winnings.

    Report Post » Your Name Here  
  • matinva
    Posted on December 31, 2011 at 11:32am

    I would do the same! I wouldn’t want any publicity if I came into that kind of money. I enjoy my life and wouldn’t change it significantly enough for most people to notice. I would donate most of it anyway and would do that anonymously also.

    Report Post » matinva  
    • HorseCrazy
      Posted on December 31, 2011 at 2:03pm

      exactly what I would do…a trust and protect my family’s privacy.

      Report Post »  
  • Choctaw25
    Posted on December 31, 2011 at 11:28am

    Boy, that was a nail biter, I wasn’t sure if my cousin or was it my bestest friend in the whole wide world, I forget, was going to make the deadline.
    Now, I have to just sit back back and wait for my share.
    What a country !!!!!!!!!!!

    Report Post » Choctaw25  
  • gemologist
    Posted on December 31, 2011 at 10:18am

    the people in the trust got together and bought a ticket from someone who was a fugative or a minor, end of controversy, move along.

    Report Post »  
  • solabola71
    Posted on December 31, 2011 at 10:12am

    This is the smartest way to collect lottery winnnings. No one knows who the actual winner is so no one can bug them for money. If I ever won, this is what I’d do too. Oh what, I first have to play to win.

    Report Post »  
  • EqualJustice
    Posted on December 31, 2011 at 9:30am

    Something is NOT RIGHT about that….. it will be interesting to see who actually won.

    Report Post » EqualJustice  
    • 2theADDLED
      Posted on December 31, 2011 at 10:21am

      Most likely someone living off taxpayers dime (welfare) who wanted to gain the system a while longer.
      If so they should have to reimburse State or Fed from the date of drawing.

      Report Post »  
  • TomFerrari
    Posted on December 31, 2011 at 6:32am

    I wonder if they insured it for 14.3 million dollars with FedEx?
    LOL

    Report Post » TomFerrari  
  • Harvey
    Posted on December 31, 2011 at 5:59am

    Maybe it was someone who has enough money and actually set up a trust for their Children.I will bet the taxes got paid before the money was handed to the winner.

    Report Post »  
    • Sol Invictus
      Posted on December 31, 2011 at 6:58am

      I still can’t believe that you people pay tax on money you win betting! Does your government give you a refund if you lose? Madness – go on-line and bet in the developed world instead.

      Report Post » Sol Invictus  
  • NOT A CRAZY
    Posted on December 31, 2011 at 3:29am

    Another great sto…ZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz…..ZZZZZZZZZZZZZZzzzzzzzzzzzzzzz!!

    Report Post » NOT A CRAZY  
  • Baddoggy
    Posted on December 31, 2011 at 3:25am

    They will need it soon enough….It will come in handy when they need to buy food.

    Report Post » Baddoggy  
  • KAdams
    Posted on December 31, 2011 at 2:51am

    Haha, nice name for a trust. Hexam. It’s all in a name, you know? Hex ‘em;hex=6, am=america.

    Report Post »  
  • MeteoricLimbo
    Posted on December 31, 2011 at 1:45am

    Surely it couldn’t be an inside job… . .

    Report Post » MeteoricLimbo  
  • mrsalvage2
    Posted on December 31, 2011 at 1:21am

    Someone was thinking to have a Trust claim the money and avoid conveyance and the Elizabeth Rule.

    Report Post » mrsalvage2  
    • Darmok and Jalad at Tanagra
      Posted on December 31, 2011 at 1:40am

      Or the Obama rule, I make the rules, so you give me half.

      Report Post » Darmok and Jalad at Tanagra  
    • sandy21957
      Posted on December 31, 2011 at 2:53am

      Elizabeth Rule? Explain please……

      Report Post » sandy21957  
    • galderan
      Posted on December 31, 2011 at 3:14am

      Or they don’t want their family targeted for kidnapping, etc. So setup a trust so people don’t know the actual person that is getting the money.

      Report Post »  
    • Cat
      Posted on December 31, 2011 at 4:49am

      Galderan

      Once funds are contributed to a trust, the money can be withdrawn as a taxable fee (considered income) for handling the trust, otherwise it‘s doesn’t belong to anyone until it’s appropriated to a recipient, and they often must pay tax on the receipts
      It’s like giving your inheritance away
      Can’t figure out what these people are doing, unless they enjoy paying more than 50% on gaming winnings, and just for a little anonymity, they set up a trust, but the IRS already knows who they are anyway so they’ve been denied anonymity from the get go
      TEA means Taxed Enough Already

      Report Post » Cat  
  • TyrannyNoMore
    Posted on December 31, 2011 at 1:08am

    Most likely, the winner is someone going through a divorce and they did not want their ex to get any of the winnings before the divorce was final.

    Report Post » TyrannyNoMore  
    • Workforit
      Posted on December 31, 2011 at 7:39am

      That was my conclusion too.

      There has to be a reason for the last minute play, and divorce is a s good as any.

      Report Post »  
  • whatthecrazy
    Posted on December 31, 2011 at 1:03am

    Maby they fear OWS will swoop in and take thier portion…………….

    Report Post »  
  • King Troy
    Posted on December 31, 2011 at 1:00am

    its sad people will always have something bad to say ABOUT ANYTHING good that happens to a people in the world today. ill say good luck to who ever won it.

    Report Post » King Troy  
  • Darmok and Jalad at Tanagra
    Posted on December 31, 2011 at 12:45am

    They represent the Spanish Inquisition, nobody ever expects the Inquisition!!!!!

    Of course they could also check to see who was just released from prision in the last few days, maybe the owner was unable to claim his ticket.

    Report Post » Darmok and Jalad at Tanagra  
  • Cosmos102
    Posted on December 31, 2011 at 12:38am

    Whatever.

    Report Post » Cosmos102  

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