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09/27/2005 08:19 PM ID: 50377 Permalink   

Kenyan Takes US Citizenship Oath, Wins $1,89 Million Lottery
 

Moses Bittok from Des Moines, IA took his citizenship oath on Friday and then discovered he had won Iowa Lottery's Hot Lotto game. You adopt "a country and [it nets] you $1.8 million," he said. "Only in America."

He bought the ticket at a grocery store he once worked and checked it two days after the drawing at a gas station. He remained calm but his wife, Leonida, screamed.

They chose 25 payments of $52,920 per year after taxes. and want to fund their 4 year old daughter's college education

 		 
  Source: news.yahoo.com  
  WebReporter: MmmMan Show Calling Card      
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  12 Comments
  
  Fishy  
 He used to work at a convienience store, which alone should make you a bit suspect. But that he wins the lottery directly after getting his US Citizenship... Too convienient 
 by: seniorgato     09/28/2005 12:51 AM     
  it doesnt matter  
 by the time his kid is ready for collage, it will cost as much as he won.. ;-) 
 by: ganjaman22     09/28/2005 01:10 AM     
  well  
 The things are all handled electronically now. You can't send in a ticket after the drawing has occured. This is why after every drawing the lottery knows how many people won, and at what stores the tickets were bought. 
 by: daceo     09/28/2005 07:37 AM     
  He's not that clever...  
 ....52,920 x 25 = 1,323,000 (inc. tax deduction)
Without even thinking of inflation wouldn't it be better to take the lump sum and invest it?

 
 by: ozric   09/28/2005 02:20 PM     
  probably....  
 smarter to take the lump sum and make an investimate in an IRA or something and still have a job so that your money you won would be collecting crazy intrest.

or to invest in a business you are sure will succeed.

He is right tho, you only hear these kind of stories from America, what a great place to live :) (yes, even with its problems, it's still the best game in town).		 
 by: drduranduran   09/28/2005 08:14 PM     
  True dr.dr.  
 unless you are Jose padilla the US Citizan with no contitutional rights in a time of peace. http://www.bloomberg.com/
Bush has held him over three years and not charged him with any crime and claimed he foudght in Afghanistan against US. Well charge him with treason and prosecute then!		 
 by: MmmMan     09/28/2005 08:38 PM     
  yep, you cant fake  
 these things.

The problem with a lump sum, is you pay half of it in tax.
And you dont get the 1323000, you get whatever 25 bonds that would earn that money over the 25 years costs.
Had he taken the 1.89million, he would have actualy recieved about 700,000 there and then.


You arestill preobably better off getting the lump sum, just dont buy a bloody ferrai.
 
 by: Domo1 MkII   09/28/2005 10:52 PM     
  I'd have taken the lump sum  
 The yearly payouts, would only work out for us in the UK at £2k pm which is nice you know... but you won't exactly be living la vida loca...

I'd have taken the lump sum £350k and bought a nice 4 bedroom house somewhere, invest the rest.		 
 by: koultunami     09/29/2005 11:44 AM     
  heh  
 welcome to atlantic canada, where a million dollars goes as far as a million should.

kill bush		 
 by: ITTS   09/29/2005 10:14 PM     
  @ITTS  
 Not to mention that here in Canada there is no tax on lottery winnings ;) 
 by: StarShadow     09/29/2005 10:46 PM     
  @Koult  
 where you buying this nice bedroom house and having change left to invest? 
 by: Domo1 Mkii   09/29/2005 11:04 PM     
  "Only in America"... hell no...  
 A French jobless man of north african origin won last week the sum of 70 million euros at the EuroMillion Lottery (a bit more than 80 million bucks...). I'm talking about millionS, not thousands. Even nicer : this earning is not taxable. Only if it is invested in housing, bank accounts with interests, etc, then it will be taxable.
America the best place to live? lick my a*s... Just the best place to get shot at... after Irak.		 
 by: LeTonduZ   09/30/2005 12:27 PM     
 
 
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