The Anti Lottery Outing Bill
I tell lottery winners to keep quiet. Someone getting money should keep their mouth shut. The more people who know, the more problems you have.
There are ways for lottery winners to protect their identity. It means consulting a lawyer or advisor. Winners can set up a trust or corporation.
It is unlikely I will ever win the lottery. The odds are a zillion to one and I rarely buy tickets.
If I win, my first stop is will be a bank safety deposit box. The ticket will sit there while my advisors and I develop a plan.
I’ll set up a trust and the assets will quietly stay in my family.
People running lotteries want winners to preen for the cameras. It’s good publicity and gets more people to buy tickets. Two
They also want to stomp on the public’s right to know.
I’ve never heard of a problem with an American lottery. There are many security features and they operate on the up and up.
A key is media as watchdog. Lottery employees know that any citizen can do an open records request and expose fraud.
The proposed legislation takes away that protection. It would ban open records requests.
Lottery winner can keep their privacy with a trust. Someone bought a $140 million ticket near
We know what bank has the money. The bank vouched that the recipient was an eligible winner. .
Which means it wasn’t a lottery director’s brother in law.
They can’t. They are subject to open record laws.
Mr. Huff apparently didn’t set up a trust. He is now a public figure.
He wanted to keep his winnings quiet but I wish he had gotten legal or financial advice.
I work with a lot of injured people. Those who have special needs trusts can protect their assets and government benefits. Those without a trust lose them.
Nothing is more horrible than watching a person lose everything because they didn’t get good advice.
The legislators didn’t look at the overall picture.
Open record laws allow misbehavior to be outed.