Saturday, June 12, 2010

6 lotto winners who lost it all

Michael Carroll won $15 million – and proceeded to lose it all.
Want to know how to fritter away a multi-million lottery fortune? Ask Michael Carroll[1]: The unemployed 26-year-old Brit has blown a £9.7 million jackpot he won in 2002 (approximately $15 million at the time) and is currently hoping to get his old job back as a garbageman. At first, Carroll lavished gifts on friends and family, but soon started spending on less admirable causes: Cocaine, parties, cars, and, at one point, up to four prostitutes a day. “The party has ended,” he recently told the UK Daily Mail, “and it’s back to reality. That’s the way I like it. I find it easier to live off £42 dole than a million.” Though Carroll’s laid-back attitude might be unusual, it’s not that rare for lotto winners to lose their cash. Here, five more average Joes who won it big, for a while: