10 lottery winners who became poor
Believe it or not, statistics show 70% of lottery winners end up broke and a third go on to declare bankruptcy, according to the National Endowment for Financial Education. Runaway spending, toxic investments, and poor accounting can burn through a lucrative windfall in next to no time. From rags to riches then back to rags again, click or scroll through to see the 21 unlucky lottery winners who found out the hard way (all pre-2010 winnings have been adjusted in line with inflation).
1.Marva Wilson, winnings: $2.4 million (£1.9m)
Kansas City grandmother Marva Wilson won $2 million on the Missouri Lottery in 2008, equivalent to $2.4 million (£1.9m) in today’s money, but she didn’t hold onto it for long. A family acquaintance called Freya Pearson scammed the unfortunate prizewinner out of her winnings, leaving the trusting Wilson with nothing. Pearson was sentenced to five years in prison for her crime.