Monday, February 6, 2012
Joe Kristan, Could Someone Have Tax Problems Big Enough to Walk Away From $14 Million?:
That’s one explanation for a weird story where a New York lawyer acting on behalf of holder of a winning lottery ticket purchased at a Des Moines convenience store let the ticket expire rather than revealing the identity of the ticket owner.
The ticket was turned in hours before its expiration by a Des Moines law firm hired by a New York attorney employed by a Belize trust claiming to be the ticket owner. The lottery wouldn’t approve the prize without knowing who was behind the trust, and the trust wasn’t telling. Apparently $14 million wasn’t enough money to get the human(s) behind the trust to come out of the cold.
It’s hard to imagine what would cause somebody to walk away from a $14 million prize. ... Could unpaid taxes be the problem? Belize is noted as a tax haven
, Could the winner be a Des Moines millionaire-next-door who has been stashing money illegally in Belize, didn’t want to draw attention, and was willing to claim the prize only anonymously? If so, it seems like a play gone wrong. Winning the lottery would seem to be a godsend for a tax evader. Suddenly nobody would think twice about your new sports car and big house in Florida.