Updated at 9:45 p.m. ET: The Associated Press reported that the Iowa Lottery said it had learned that Crawford Shaw, an attorney who said he represents a trust that owned a winning Iowa Lottery jackpot, was "associated with criminal proceedings and bankruptcy filings in New York and Delaware."
The AP said Shaw is the former chief executive officer of Industrial Enterprises of America Inc., a bankrupt public company that the Manhattan District Attorney's office said was looted in a $100 million securities fraud scheme.
Updated 5:45 p.m. ET: Crawford Shaw, an attorney who said he represents a trust that owned a winning Iowa Lottery jackpot ticket, confirmed to the Des Moines Register that the claim has been withdrawn and that his client was in Belize.
Shaw referred a reporter to a statement issued by a Des Moines law firm that had worked on the trust’s behalf. The statement said the identity of the buyer or buyers of the ticket were unknown even to Shaw, the Register reported.
The statement also said the trust offered to authorize the Iowa Lottery to pay the winnings, after taxes, to charities, but lottery officials declined, saying no payments would be made until the identities of the buyers were known.
Meanwhile, the Iowa Attorney General’s Office and the state Division of Criminal Investigation announced a criminal probe into the matter.
The Iowa Lottery has confirmed that the winning ticket is authentic.
Original post: Iowa Lottery officials say an attorney that claimed to have the winning ticket in a $14.3 million jackpot has abandoned his claim.
Attorney Crawford Shaw abandoned the claim on Thursday, Iowa lottery spokeswoman Mary Neubauer told The Associated Press.
The ticket was claimed under mysterious circumstances.
Iowa Lottery sets deadline in mysterious jackpot case
The winning ticket was bought at Des Moines convenience store in December 2010, then went unclaimed for nearly a year before attorneys brought the ticket to lottery officials less than two hours before it was to expire.
According to the Des Moines Register, the ticket was signed by Shaw on behalf of an company called Hexham Investments Trust. The name Hexham, however, was misspelled on the signature.
Iowa Lottery officials gave the winners until 3 p..m. Friday to reveal themselves or forfeit the prize.
Lottery officials scheduled a news conference on Thursday night to offer more details.
The Associated Press contributed to this report.
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Unreal..out of all the people who buy lotto tickets..a wacko crook or drug dealer wins....that's why no name. Unless it was Romney who won and trying to get around another tax loophole.
Or some kid from Belize on vacation there won it, knew he couldn't claim it himself because he's under age, and sold it to these dodgy folks for probably a penny on the dollar.
Ah, yes! More top notch MSNBCediting! Why don't you guys just hire a bunch of third graders? So far, this is two for two for the MSNBC articles that I have read thus far this evening.
And I only thought things like this would happen in CHICAGO lala land.
You are correct UMGator.....next headline will be a description of what the Obama's ate for dinner tonight.
Mike 277,
Stop toking on the doobie. What a stupid comment.
MSNBC:
Please hire me. Here is a sample of my writing skills:
The dog ate my, and the next thing that happened was, and then out of nowhere came . . . so you see the final decision was made by those that ate the thing and if you look at the whole scenario you will find that exactly nothing happened and all the wrong people were put here, which is nowhere that we know of at an company.
This guy sounds like a gop Romney type to me and wants more money.
This is for all you people don't understand our tax laws is quite simple arithmetic is nothing hard about it and there's nothing that anybody is doing illegally you think that's only Republicans is the only ones that cheats on her taxes because their income our so-called income is from dividends from capital gains tax and capital gains taxes 15% of $1 million is 250,0 15% of $60,000 is 9000 if you ask me the person making $1 million pays more and capital gains tax than the person who made $60,000 in capital gains only paid nine dollars simple math. But it's not fair for the people that's got lots of money to be taxed at a lower rate according to you. Well bright boy or girl whichever the case may be if you raise capital gains taxes on the rich are also raising capital gains taxes on everybody anybody that has a 401(k) Artie got your retirement plan that includes your boss if he has a retirement plan for you and your coworkers they will be taxed at 20 or even 30%. If they decide to do this so therefore all you're doing is raising taxes on everyone not just the rich and I guess that would be fair for you. You see this money has been taxed already at the higher rate these people beside the put their money at risk in the stock market to make a profit and net profit is taxed at a lower rate which is what it should be I'm not a millionaire my total income between me and my wife is around $50,000 year I'm not for I'm not wealthy by month the set here and met people like you sound like all everybody out there that has money is cheating. The only cheating I can see is that you don't want to strive to be one of them so therefore your cheating your family and your cheating the government out of their dues especially Barack Obama and his administration. And one other thing I want to see Nancy Pelosi put her taxes out there for everybody to see Harry Reid the president of the United States Barack Obama Joe Biden and all the rest of the socialist within his ministration full disclosure of all assets that means all the houses they own all the boats cars everything you want the Republicans to do this so let's see if your buddies in the White House and the Congress and Senate will do the same what do you think?
I think the lottery peaple need to prove guilt first, everbody is innocent before being provine guilty in this country right. Where is our right to privacy, this is all speculation comments to me any way.
Now, this is news!!! And an invitation for a five hundred lawyers to get busy.
@JR
So you think that a court of law and a state-run gambling enterprise are the same thing? OOOPS ...... my bad ..... you're right.
What tax loophole? It's the tax code and he follows the same rules as everyone, assuming he did not do anything illegal. If you're talking about the 15% tax on dividends, this is the same rate everyone, including you will pay, so shut up and stop repeating baseless lies based on people's ignorance of the tax laws.
Touche' to jphelps-1511
How did Romney get into this picture?? Oh, that's right, plenty of liberals on this rag who can't stay on topic. A cabinet full of tax cheats and obumbo thinks Romney doesn't pay enough taxes. LOL
do you think romney is the only one taking advantage of the tax laws. romney might not evrn been born when CONGRESS passed the law.ask yourself why can't this law be changed? could it be CONGRESS don't want to. wake up
bud01 Nobody said it was illegal it is however unfair. We should al be treted the same when it comes to taxation. I do not believe you should be able to deduct intrest income you paid on your house either because we all do not own one. Or for that matter the interest you paid on you Rolls. However after re rading your rant it is apparent you are just another right wing BOT who has to post anti admin stuff so ...Now as to the typo the right is ranting agaist MSNBC because it is not FAUX> a and an can come up in a sentence when you delete a word in the grammer checker that requires the an but does not correct the an to a. Only way to prevent that is to rerun the grammer checker twice.
UMGATOR WROTE:
Uh UM? there ought to be a space between 'MSNBC' and 'editing'...
Oh is this a silly thing to point out? Why yes it is, and that is the point of this post. If all you can do is gripe about a small editing error. You truly need a life.
To those who try to turn this into some political discussion. Everything is not political. Do you think of the political ramifications when you are sitting on the toilet wiping your....?
Sometimes a banana is just a banana
Well, breadex, why don't you just go out and buy a house?? Why don't you buy stocks and make some cap gains?? Talk about a "BOT".............you really fit the bill.
Well breadex, why do the rest of us have to pay for people who keep having kids and end up getting back MORE than they paid in?!
By all means I am not rich but I do have shares of stock that I recieve dividends on and guess what? I pay the same 15% tax on that income. Who woulda thunk!
Only way to prevent that is to rerun the grammer checker twice.
Which you apparently did not do. Are you typing on a phone or is English your SL? I hope so...to both. Weird story either way!
breadex obviously wants to buy a house using my money and doesn't understand how the economy works...let's take away all incentives to buy homes, purchase cars, invest in companies...and see what happens. Or breadex doesn't care, because no matter what happens to the economy breadex still gets the monthly welfare check in the mail.
And they all forget about Geitner who FAILED TO PAY several years of social security and medicare taxes.
EVERY STATION IN TOWN GOES UP 30 cents a gallon every payday!!!!!! cant these people be held accountable for price gouging???? who the hell is filling the politicians gas guzzlers????
"until the identifies of the buyers were known"
They really should have someone proof read these articles before they post them. Even the comment section offers editing tools.
You show your ignorance when you make statements like this, Interest on vehicle loans has not been deductable in years. However people who do not own vehicles are allowed to set aside a tax deductable monthly amount to cover transportation costs.The elimination of the tax deduction on personal and automobile loans hurt the middle and low income families the most because of the way the deduction was structured, Please do a little research before making false stupid inflamatory statements.
Eat Dirt - is that enough to consider it your "income"?
didnt think so.
when it becomes you income, it should be taxed as such.
CROOKS and CORRUPTION....It's an INFESTATION...........
People, it is a tax loophole. It's not the same as the 15% you are earning on your dividends. It's called carried interest. Basically, a private equity firm invests a small percentage in a transaction, say 10%. The PE firm then gets other investors to pony up the remaining 90% of the cash needed. The PE firm charges the investors a 2% management fee which is taxed as ordinary income. The PE firm then takes a larger percentage of the profits when the transaction is completed, say 30%. This 30% profit is taxed at capital gains rates (15%), even though the PE firm only has 10% at risk in the transaction. The remaining 20% is really just the PE firm getting paid for managing the other investors' money - something usually taxed at ordinary income tax rates and often times subject to payroll taxes as well. The PE firm operates as a partnership so it pays no income tax. Instead, the income flows out to the partners' individual income tax returns and is taxed there. I'm sure in addition to Romney there are many other Republicans and Democrats in Congress who take advantage of this loophole because they have never successfully voted to remove it. The issue is, these people are getting capital gains rates on income that is similar to what most of us have to pay ordinary income tax rates and payroll taxes on. If you want to use the "but they're creating jobs" arguement, not really. They are pretty much getting paid to move money around. And why is their income taxed more favorably than say a Dr.? I know a Dr. who had a $1+ million W-2 in 2010. He employs an average of 20 people who are paid very well. His effective tax rate was 32.7% in 2010, more than twice Romney's rate. How is it fair to tax investment income at a more favorable rate than income that is earned by working just as hard?
Sorry, I realize I went off topic, but the carried interest is a very complicated tax issue and most people really have no understanding of how it works.
Longing for the middle I know it is off the base of the above topic, but very good point!!! If the people only knew how money is moved around so some people don't have claim it or pay very little taxes on it, would make you sick.
The first thought I had when trying to read the replies was; Rambling Rose by the Grateful Dead. Some people are cemented in their government conspiracies - Lotto = taxes, drugs, mafia, loopholes, gas (really?) politicians....everything but the winner and his scam. No wonder you can't get a message from reading articles at MSNBC - you already were hi-jacked in the brain to go a different direction to start with. Hope the sidetracked posters are not detectives.
Keep On
TruckinRamblinbudo1 clearly uses English as a second language as well as fails at math, no wonder he/she falls for the "less is more" doublespeak of the right
bud01::: That is the LONGEST and MOST MEANINGLESS sentence I have ever tried to read. You never made it past fouth grade evidently. Maybe you should have stayed in school and your freshman year in high school have been on the school newspaper and have to proofread what people wrote.
The comment that was made about your post made me curious, so that is why I pulled it up. Shame it was an illiterate post. Might have been interesting.
I did see you mentioned President Obama-- tho I couldn't figure out what that was about. Maybe you need to find someone who can translate that post to English.
Nobody tries to pay as low as taxes as possible. You do not go to your accountant and say try to get me a low tax liability. You don't say even if it is legal please run it by me so I can weigh the moral issues. Buffett pays low taxes because he is smart. He thinks he could pay more but he takes every advantage not to. He wouldn't say to his accountants at least you tried but you missed a couple of things. You do not miss anything when it comes to taxes.
This guy most likely has a sleazy, criminal past, or a present one.
Who wouldn't take $14.3 milion dollars?
Or is it an enemy Government who bought the ticket or tickets?
My first suspect is Ahdinemajad---
No one knows who this cash goes to; most of the time, people who win a Lottery go broke in a matter of years---no experience in Finance or Accounting.
Something weird here. Interesting Article.
I am always amazed how wrapped up people get looking for improper grammar. It appears they lose sight of what the discussion is about. If you find mistakes, take them for what they are, move on.
spike-322306, you are suspended for a week for violating rule # 1 of the Code of Honor.
I just love how the comments on here get so far off the article! If you go back through this thread I bet only 1 of 5 of them are actually about this story, the rest are political or are from a grammar teacher. Kind of funny. Thanks for the entertainment! Oops, I guess this one isn't about the story either, my bad.
Damn, all of you folks are something else (ridiculous comes to mind). Get a real life, will you please!
Hey Jessica - dividends though not enough to make my monthly mortgage IS income and taxed as such so therefore it IS my income
Clearly you dont own stock or know how taxation of stock works so put a cork in it!
Sorry JR, moron, but innocent until proven guilty has NOTHING to do with being handed $14 million in the lottery. Nor is there a right to privacy in such a deal. Pretty much all lotteries have the discalimer that says you MUST consent to your names being released if you win. This is for the lotteries protection so peopel can't claim they are faking the winners and keeping the money.
Breadex – people are allowed to deduct interest on their homes because it encourages home ownership which is good for the economy. Also, the interest is income to the finance company, who must pay taxes based on their income.
There are a lot of situations like this. Did you know that home owners pay school taxes even though they may not have kids? How about people who own vacant land. In most places they pay higher taxes than those who have developed their land.
In this instance the truth of the matter is stranger than fiction!
Uh...it is MY ticket....yeah...thats it...MY TICKET!
Uh where do I go to get the money?
frankly..thanks for the morning chuckle
I am speculating that the crook scams people money but knowing that he will/might get caught. So he used the loot $$ to buy all/most combination of the lottery. He formed a trust to cash out the lottery and then "donate" the winning to an independent charity (that he found). After all the bankruptcy proceeding and perhaps jail time, he can restart his life with the fund from the proposed charity. Since the charity is independent from his personal gain, it is not subject to legal collection/restitution.
Obviously the winner is on the lam from the feds and everybody else, and is NOT going to give up ANY info.
it says why he didn't except the lottery... he owes 100million so that 14.5million would go away and he would be stuck paying the taxes...
I was going to ask, just where did you get the ticket? But Mike's idea that they could not come forward because of certain "legal implications" sounds plausible. Also, Romney pays a lower tax rate than the guy who SOLD the ticket.
Yet Romney paid more taxes than all the guys who sell tickets in all 50 states, combined.
He also made more money then God.
No, check the dividends and bonuses that many CEOs were paid last year, many who work for companies that were bailed out using taxpayer dollars.
Bluelake,
There are treatments for OCD. Lobotomies for you, and any others who approved your post.
Geeeez, get a life!
Rommey paid his taxes and paid it accordingly to the law thus no wrong doing.
Raising capital gains to 30% will only hurt investments and jobs. I guess class warfare people don't care about the poor or creating jobs just being envyous of other peoples money and accomplishments is all thats important.
Raising capital gains 30% will only hurt investments and job.....BS Again BS!!! No how, no way is someone that is getting a return on their investment would miss the 30%. What has all this tax dodging done FOR the country? The rich have been getting over since Reagan's Trickle Down theory and @!$%# has not gotten better.
How about people pay what is fair and we take this 15 Trillion dollar debt down a bit?
So...who figures what is "fair"?
Another good point re cap gains taxes that NEVER gets through to the libs. These investments can and often do lose money. There are no guarantees. Just another reason why it's economically smart to keep the tax rate low. Also the fact that many investments take place over many years and/or decades. So don't forget inflation.
Mosineur, doesn't get that part. They seem to imply that investment is the same as guaranteed returns....so naive.
Well, IMO that fact that EVERYONE pays the same rate on Cap Gains IS FAIR.
Raider-
While I will agree with you in principal-you seem to have the GOPer Virus of omitting the obvious. That ROMNEY and all CAP GAINs holders are allowed to use the LOSS as a tax credit.
Geesh--Only the facts that fit the rhetoric!! Typical.
Good deal. Put the screws to the rich. Do not give them any incentive to invest their money. Heck, all they do is take their money and buy machinery, build factories, re-tool their existing businesses. None of those investments employs people anyway, right? Will someone invent an app for libtards? It should be economics for dummies.
how many of you people even get capital gains that you have to pay taxes on and if you have any then why are you only paying 15% on those capital gains instead of 30% or whatever you think it should be.
Do you think that all millionaires and billionaires should pay extra because they are rich or because you are not?
To all the people out there bitching about tax laws and how the rich dont pay enough, get a freaking job or STFU. This country has always been about the American Dream, you know work hard and you will be rewarded. This isnt the county of the American handout like you so want. Dont do a damn thing and expect the people who have worked hard to take care of you. I am sure that if ANY OF YOU won the lottery tomorrow and started t oahve to pay higher taxes you would now be the ones who would not want to pay higher taxes. Funny how that works. I for one will go out and work hard for what I EARN... and not expect handouts. And I will be damned if I am paying for your lazy azz. For all I care you liberals could fall over dead... I would sleep better at night.
Yes they get to claim a max of $3000 per year as a loss, Hardly worth mentioning when your loss is in the millions.
@BethanyB...of course they do. However you're just adding YOUR own rhetoric by making it seem like they get their money back by using the term "credit". THEY STILL LOSE THE MONEY! You really think tax adjustments/credits make up for a total loss? BTW....you're losses are CAPPED, unlike your gains.
LostInThePineBarrens makes a GREAT POINT.
But any unused losses over the $3,000 limit can be offset against any subsequent profits for future years.
the argument that investment money has already been taxed is not right either, since the cap gains tax is only being attached to the profit made on the invenstment and not to the original amount invested.
you are all greedy and not real bright.
True, but you really should take that a step further. If an investment loses $100K (which is really minor league in big scheme of things). How many years will it take at $3K a year?
I don't think ANYONE is arguing to NOT pay a tax on cap gains...rather just explaining how greedy Uncle Sam can be when it comes to taxing in general. If I take my AFTER tax money and invest it...is it fair to tax it again at INCOME tax levels? Considering the potential for total loss? IMO, I don't think so.
@Thom 661865..............really ??? "work hard and be rewarded" or
"have ancestors that robbed and stole and bootlegged and lobbyied aka (bought off Congress) " to get rich.........Kennedys, Henry Flagler, Collier, Hearst, Dick Cheney and Halliburton, etc.
Or you can be a Walton and have sessions at Walmart that teach the employees how to fill out the paperwork to get on public assistance because Walmart's minimum wage and lack of health insurance keeps you from ever getting ahead. Yeah go go go you hard working rich people !!! Oh, and don't forget the FARM BILL that sends millions of taxpayer dollars in subsidies to rich people who live in penthouses in New York !!!
Rich Republicans are sooooo good at getting middle class Americans to vote against their own best interests, do you really think Rush Limbaugh gives a crap about the middle class .
Is so sad that most people forget that most Americans pay their taxes in the 30+%. Is this fair? you decide! The problem is when the riches pay less then 15% and still cry about it, to me is not right! The way I se it. If I making money is because I live in a great country that is given me the opportunity to make that money, regarles of how much I make, the least I can do is pay my share of taxes. Think a little what your taxes are for: schools, roads, firefighters, police, 911 service, clean water etc. Have you ever been in a place were they do not have this reliable services? You may think different if you experience it, not for few days but for a long time. I sure there is waste in thse programs, but cuting them when the economy is bad not a very great idea. Fix the tax code to fair for every body first!
Americans paying cash for services are just contributing to the problem. Paying immigrants in cash, then complaining that they’re taking advantage of social services without paying taxes is beyond hypocritical. As a San Diego resident, I see this all too often…
And thank-you Missy-2451714! Hard work is only a small part of the equation. There are so many community college students struggling to pay tuition, while still working full-time. The probability of a middle- or lower-class, first-generation college student becoming a millionaire compared to an affluent, second+++ generation college student is significantly lower.
Considering 30% of Wal-Mart employees are on welfare, and without healthcare, tax dollars are basically subsidizing Wal-Mart’s profits. Yet, there’s only a small minority of Wal-Mart boycotters, myself included. (Stepping off my soapbox now…) Sadly, Wal-Mart is the only option for many rural towns.
Here's a quick history lesson:
1. Back in the 1990s when the economy was doing well, the capital gains tax stood at 20%. Before Clinton took office, it was 28%.
2. During America's "Golden Age" (1940 to 1970) the tax rate for the wealthiest citizens was as high as 90% and never lower than 70%.
So this idea that taxes for the rich have to be insanely low in order for the economy to recover is BS. Yes, in some circumstances, slight, temporary tax relief can stimulate growth. But right now, the Bush tax cuts have not stimulated more investment. The rich are simply stuffing their tax savings into bank accounts or spending it on hyper-luxury goods. And those tax cuts are contributing greatly to our national debt and requiring painful cuts to social services.
Yes, rich people make investments into companies by buying stocks. But they make those investments to make money, not to help companies buy new equipment or hire more employees. In fact, 'vulture' capitalists like Romney 'invest' in companies in exchange for those companies actually cutting employees and equipment to increase their profit margins and generate higher dividends for stockholders. And once they make enough money, they can just sit on their butts and pay a broker to keep investing money for tens of millions in returns, taxed at 15%. No innovation or hard work required there.
This issue has nothing to do with jealousy and everything to do with fairness and practicality. If you receive all of your income from investments, why shouldn't it be taxed like income? If the middle and lower classes are required to work hard for their money, why shouldn't the wealthy? If the average worker is denied a pay raise or bonus for doing a crappy job, why shouldn't the same apply to CEOs? If the government is going broke, why not ask those who can afford it to give up what was meant to be a temporary tax break, especially when they have benefited most from the government's policies in the past 30 years? If public officials and CEOs are guaranteed pay raises every year, why shouldn't the average worker get the same? As of now, the average worker hasn't received a real cost-of-living pay raise in three decades! And we wonder why nearly half the country doesn't qualify to pay income taxes! Does this sound like a good economic arrangement?
This is just NOT true. Fact is around 45% of Americans pay no federal taxes.
The 15% tax is for Capital Gains ONLY. Furthermore we ALL pay the same 15% rate on cap gains. Regardless of income level. To say that the "rich" only pay 15% is specific to their capital gains tax. You need to read up on the Cap Gains Vs Income tax, b/c you are confused.
MORE PROOF that lower cap gains taxes spurs growth, job creation and opportunity.
Granted our tax code is complicated but remember...the CEO making millions in INCOME pay close to 40% in fed taxes on said income. In addition to that their CAPITAL GAINS are taxed at 15%. PLEASE PEOPLE get some insight into the difference between INCOME TAX and CAP GAINS TAX.
Buying stocks is just ONE type of investment vehicle. There are many others. And those companies DO USE that investment money to buy equip & hire ppl. You're statement couldn't be more flawed (no offense).
To say the rich (and I'm just a working stiff BTW) ONLY pay 15% taxes is WRONG and frankly makes you look ignorant of the facts.
Raider, you pretty much cherry-picked two statements I made, completely misinterpreted them, and then assumed I don't know the difference between income tax and capital gains tax. I'm very well aware of the difference, and I NEVER said that the rich ONLY pay 15% in taxes. Re-read my post. It isn't in there.
However, there are a few insanely wealthy individuals (like Mitt Romney and Warren Buffet) whose annual 'income' comes almost entirely from capital gains. So in that case, they would (and do) only pay 15% in taxes.
Yes, companies sometimes use money from investments to hire employees and update equipment. But that's not the reason investors give their money. They give their money expecting a RETURN on that investment in the form of dividends, stock options, etc. If they couldn't profit from it, they wouldn't do it. That's what I was saying.
Also, the top income tax rate is currently 35%. 35% is not 40%.
And just because the economy did well during a time of lower taxes on capital gains doesn't mean the economy did well for only that reason. That's confusing correlation with causation. There has to be a clear, discernible link between lower taxes and economic growth to claim it as evidence. The economy did well before Clinton took office, which would be proof that a 28% capital gains tax didn't do much to stifle growth. We've had a 15% capital gains tax since W. Bush was in office. No one can claim the economy has done spectacularly since then.
The economy after Bush's tax cuts help offset the 5 trillion in losses from the DotCom recession + 9/11 and help fund two wars.
As early as 2002-2005 Bush's team started to look at the problems of GSEs and the Liberals like Maxine Waters , Barney Franks , Greggory Meeks , Aurthur Davis , Lacy Clay , and Harry Reid killed what could have saved or lessened the blow of the 2008 great recession.
just watch this report Fannie Mae/Freddie Mac Hearings 2004: www. youtube.com/watch?v=LPSDnGMzIdo
www. youtube.com/watch?v=Yga7TlsA-1A
Economy humming along at 5% which is full employment but the DEMs who stonewalled congress from regulating the GSEs and pushing banks to give a loan to anyone who could fog a mirror was a major downfall of this country.
The top income tax rate is 35% + 7-11% state which is over 40%
also mentioned earlier 70-90% rate in the 50s also had loopholes you could drive a rolls royce thru too.
@AKelsey....And I NEVER said YOU said it. Sorry for any confusion. That quote came from Ade25 a post or two before yours I believe.
But the real point was that MANY liberals are saying JUST that. I wasn't trying to insult you but please lets keep this real....you'd have to agree that there are NUMEROUS ppl on here saying just that. Showing that THEY (not you) DON'T know the difference.
what a freaking joke , the bush idiocy tax cuts didn't fund jack spit
and I suppose that the entire dot com recession was the fault of clinton and had nothing to do with the republican controlled congress?
everything that bush and the republicans did was holy writ and can't be questioned for its infinite wisdom, and all that comes from democrats is the spawn of evil and satan, right?
you should listen to yourselves sometime, its ridiculous. for the entire six years that the republicans were in complete control, all that went wrong was the fault of Clinton, no matter what it was. the very second that the democrats got a majority, and even before they actually took office, suddenly everything magically became the fault of nancy pelosi and the democrats, and once obama got elected, all became his fault, again before even getting into office.
it becomes very clear that to many on the right, "personal responsibility" actually means "find someone else to blame"
Danwill it takes about 1 year for policies that the congress pass to effect the economy.
Rep congress losses in 1998 Dems take over in 1999 Dotcom hits little over 1 year later
Rep congress replaced by DEMs in Senate and House in 2007 and 2008 recession hits
Balanced budgets and welfare reform 1996 due to REPs
Killing the regulation on Mae and Mac from 2002-2005 DEMs
Overspending like drunk salors DEMs
If you want video of DEMs saying the failed GSE were doing great and everyone in america should own a home I can supply it for you.
No thats Obama and the liberals moto, they shiit in thier own bed then blame it on the dog.
what a load of delusional, revisionist shyte, the dems NEVER "TOOK OVER" in 1999. you obviously have been having your brain dissolved by too much right-wing talk radio bullspit. the republicans were in full control of the house and senate in 1999-2001. http://en.wikipedia.org/wiki/106th_United_States_Congress
look it up, the closest that they came to "taking over" was an even 50-50 split in the Senate in 2001 with a REPUBLICAN majority in the house AND the Presidency, and even that even split only lasted a single year
yet the republicans were still in full control of both houses and the Presidency, so tell me how that works again?
with Clinton in the president's seat. the same Clinton that idiot Gingrich was wasting millions of taxpayer dollars on trying to prove that the president got a BJ, while Gingrich himself was cheating regularly
My bad should have checked my facts better Newt left as speaker in 1998 got election on the brain.
Wiki is a nice source lets use some info from that
positive impacts of the government shutdown included the balanced-budget deal in 1997 and the first four consecutive balanced budgets since the 1920s. ~~~~wiki
I forget that REPs were in control when so many liberal left wingers were stalling GSE talks then later flip flopped like a fish on the deck of a boat.
examples:
www. youtube.com/watch?v=y4A0RuXhnQA
www. youtube.com/watch?v=cMnSp4qEXNM
www. youtube.com/watch?v=8h8kHabBAow
John, you realize capital gains taxes were 30% prior to the 80's. And yet, the US economy was booming. in the 80's it began dropping, and jobs began to leave. not saying they are connected, but, yeah, i'm saying the two aren't connected.
do i think democrats are blameless? absolutely not. but the "it's all the other party's fault" routine is ridiculous. bush fouled up by lowering taxes when we couldn't afford it.
do we need to make real cuts in the budget? yes, but we need to raise taxes also. the problem is that a massive cut in federal spending would be the equivilant of yanking an equal amount of money entirely out of the economy, something that the far right seems to miss entirely. if you make a sudden, massive cut in spending, you will kill a corresponding number of jobs and have the ripple effects for all that rely upon those federally paid jobs or the loss of rental income/grocery income from welfare/retiree incomes etc, etc.
if we do things too quickly we could fall into a full-scale depression, and if we move too slowly we may never pull out
danwill..sorry, but you are an idiot. there really is no other way to put that. Lowering taxes got the US out of he mess that he inherited in 2001. Remember 2000? The economy took a bigger tumble in 2000 than it did in 2009. Why? Because the 90s economy was based on fictional profits from the internet.
Just so you know since you obviously don't have a functioning brain...no nation has EVER taxed itself out of a recession.
no, it wasn't nearly as bad, this was a much deeper contraction, with a much harder hit on tax revenue.
you mean like the fictional increases in home prices.
first, technically we aren't in a recession anymore, the richest are making their money just fine and sucking up the entire 2% gdp growth all for themselves
second, our budget deficit is currently at 1.1 trillion, what do you think the effect of yanking 1.1 trillion out of circulation in the economy would be? please tell me what you really think would happen.
if you say "it's a good thing" show me three respectable economists that agree with that.
I suspect a criminal actually purchased the ticket but cannot claim it because then he will be captured. I am sure this dodgy lawyer offered to cash it in for quite a handsome price.
I'm not too sure about him being a criminal worrying about capture, unless he knows that he'd be in for a very lengthy sentence if caught ... like the rest of his natural life
So this must be a criminal with no friends or relatives that could have either cashed it for them or had it given to them outright??????
If it is a criminal and he/she was too stupid to figure out a way to get this money I'm surprised he/she is still free. I'm leaning toward the lawyer especially with the down to the wire claim. Although his intelligence must also come into question because he wasn't smart enough to suggest anything to his supposed client.
Must be one wealthy SOB to let 14 million get away.
He couldn't give it to family or friends because he/she signed it with a company name. The attorney can't claim it for the same reason.
I just re-read the article. The attorney messed up. The attorney signed the ticket, not the client, and he misspelled the company name. He could have signed it with his own name and collected the money. In this case, honesty didn't pay.
he must have nobody in his life and planning to commit suicide very soon ... like within the next few hours ... because I can see no other good reason to deny 14 million dollars ... I'd choose to die in 24 hours if I was promised 14 million on the spot.
Let me correct that ... If I was offered 14 million dollars on the spot, but the catch was I had to get my throat cut 24 hours later and slowly bleed out, I would so take it ... and I think there's a lot more people who would do it, even though they wouldn't admit it if not confronted with such an offer...
or maybe he's a billionaire with a conscience ...
Now there is an oxymoron if I've ever seen one.
Nevertheless, if he is rich and has a conscience, it's better to claim the prize and give it to a charity than to let some loser claim it and blow it on cars, drugs, McMansions, etc., and end up with nothing, as is the case with many lottery winners.
What would you do with it? You'd be dead!
Jaysoner1:
So what the hell would be the point?!? You get 14 million for one day, and then you suffer a slow, hideous death such as the one you described? You wouldn't be able to spend that money in one day, and what you did manage to buy, you wouldn't be able to enjoy it! I hope that you are joking. And no, not too many people would be that STUPID to accept such an offer. Again, I hope you were just joking!
You must not have read the part that says the person signed the ticket with a company name instead of his/her name and that he/she has fled the country due to criminal activity.
Either you are foolish or fooling us. What good would the money do you if you know you will immediately die? Keep the money, I'll choose life...
Actually William it is you who has missed something.
Nowhere does it say that Shaw is a criminal, it say he was associated with criminal proceedings and a bankruptcy. Having testified in court on a number of cases as an expert witness I have 'been associated with criminal proceedings" Going bankrupt is not a crime. Nor does the article state that he was the one who looted the company in the fraud case. Since he is still an attorney it is unlikely that he has been found (yet) to have engaged in criminal activity. If he had he would have been disbarred and no longer be an attorney.
Shaw, the attorney, signed the ticket in the name of the trust. The article does not say Shaw has 'fled the country' He has not, he is in Des Moines. He represents someone who is in Belize--Shaw is in the US. Since he even says he does not know the name of the holders of the trust, you do not know that they are in Belize because of criminal activity or that they 'fled' the country. The article does not say or even hint that the persons in Belize have anything to do with the fraud or bankruptcy of the company Shaw was associated with.
You made a number of assumptions. Try not to do that. They are not facts.
Can't believe this primal gut instinct that ultra-liberals already equate this with Romney! AMAZING! Totally disregarding the fact this guy was original in NEW YORK, (Bloomberg, liberal heaven anyone?) . It's more close to the great crime and scam machine in Chicago. Also if you wanna scream "loopholes" take a quick look at you know who's big house financing in Chicago. If anybody really thinks that the majority of politicians are honest..well...if you wanna borrow my Peter Pan video....
Frankly True,
You are correct. I made the statement before I re-read the article and realized the attorney, not the client, signed the ticket. I never said the attorney was a criminal. The story can be confusing with all the mention of the criminal activities in the beginning.
Ahhh I looked up Shaw and the Company he was CEO of.
He was CEO until leaving the company in 2005, the controlling interest in the company had been taken over by two other men at about that time. The fraud and looting pump/dump scheme began the NEXT year 2006 and into 2007. Shaw was not involved in that. The men who were have been found guilty last year and were sentenced in September. I would assume they are sitting in prison now as at least one was not even granted bail and sat in jail until the trial.
I would expect that Shaw was called as a witness to testify about the takeover and the company before the fraud.
I think he is now serving as a consultant to the company as the bankruptcy winds down and claims are settled. If he was the criminal behind the fraud , I doubt the SEC and courts would have allowed him to be a consultant.
Sometimes a quick internet search will tell you a lot.
he is rich like bernie madoff thats why he will not come back to the us he has better things to do with the next 150 yrs of his life. LOL
Just to let everyone know ... my original post was in fact a cynical joke ... Maybe I'd accept death after a decade or so of being a multi-millionaire ... but not just one day ... There's no way one could possibly spend 14 million dollars in one day and enjoy it, unless you go bar hopping in Hoboken NJ.
... And 'ObamaReallyCaresLOL' no one mentioned Romney or spewed any partisan babbling in this comment tree, except for you. "oh, but well he's from liberal heaven new york" LOL, That was the dumbest, most pointless ad hominem rambling I've seen online all day. I'm not a fan of Obama either but you just sound like a complete moron. Also, who on this entire page, ever said anything about the majority of politicians being honest?? You can keep your Peter Pan video...
What on earth are you talking about? You would choose to accept death in 1 day just to have $14 million for that last day? And you think many others would do the same?
Holy cow..you must have a TERRIBLE life. Because most people wouldn't give up even 10 years of the end of their life for $14 million.
There's something very odd going on here that isn't yet known.
what is wrong with making a lot of money well doing it by tax laws that favor the banks and big funds and breaking up companies cutting jobs making 100 times what the workers make putting friends on board then something is wrong with the goverment that let's them get away with it
How about a few punctuation marks so that your post has a chance of making some sense?
Ummm... the 5th grade called. They want you back.
Pat's a writer for msnbc.
pat...just assuming you are using a smartphone or black berry and punctuation is too much trouble.
However, I was able to easily determine what you had to say. WOW! High school paid off.
(Don't know what to say about the others that couldn't figure it out.)
hs321 - IMHO, if pat omalley is trying to make a point then it is his/her responsibility to make it clearly. It is not my job to have to figure out what he/she is trying to say. Can you imagine a sentence similar to that one on a job application or resume?
UMGATORhowaboutyougetajobteachingenglsihgrammerandspellingsowedonthaveto readyoureverynotationofanerrorhere?
Damn dude
GET A LIFE
hs321 -- yet the only punctuation pat used is incorrect ... sad.
BTW, I have colleagues in Taiwan, and they say they don't pay any tax on capital gains, as their gov. recognizes that businesses keep the economy afloat, that there are risks in investing in businesses, and that the incentive of getting a nice profit for a modest stock investment helps companies raise capital. They are surprised that our gov. forces us to pay taxes on any gains, yet does not give us money when the stocks tank. The idea of doubling the tax rate to 30% makes them wonder what will happen to start-up businesses that must raise funds to survive a few years before their hard efforts bear fruit.
Frankly True - Damn dude, perhaps you too should get a life. There is nothing wrong with expecting people to be able to write a clear sentence.
Every person that reads an MSNBC article, and then goes on to talk about how poorly written they are and all the other things I see need to ask themselves a question. Why are you one here, and why do you read their articles?
It is similar to people that watch television shows and then complain about how awful or offending they are? What is up with that? lol
I will volunteer to solve this dilemma - they can give the money to me
It was probably Kim Jung Ugly
As soon as I heard a lawyer was involved, I knew something was fishy.
yeah, it's the law firm of Dewey, Cheetum and Howe
No idea what this report said, it made no sense to me.
I too think there's more to come on this story.If they gave it to me I'd be happy to donate 13M$ to the 3rd world.
Unfortunatly, if you give a man a fire he's warm for a day.
Set a man on fire, he's warm the rest of his life!
But will that man thank you for your help?
The attorney couldn't claim the money because who ever purchased the ticket signed it with a company name instead of his/her name. And since that person has fled the country due to a criminal investigation, it would be quite foolish to come back to America and try to claim that money.
William again....nowhere does it say anyone has fled the country or that the owners of the ticket are engaged in criminal activity.
The article also says Shaw signed the ticket for them.
Karma - he could have the money, IF he weren't some sort of felon. Must be terrible to know that, if you hadn't committed that crime, you'd be a wealth man now. instant karma.
Ragin' That was the best twist on an old saying that I have ever heard in my life and I'm 63! Thanks.
3:01 pm cst
pick me pick me
Hmmm. Maybe the real owner of the ticket has disappeared- permanently.
When did Vandersloot get arrested?
What does the state lotteries do when winnings go unclaimed? Do they just put it back into the pool? Does the state pay taxes on it or donate money to state charities?
The officials probably give themselves a big bonus.
In my state (Pennsylvania), any winnings that go unclaimed are rolled over to the benefit programs that the lotteries fund, or at least that's what they say is done with the winnings. I'd venture to guess that's probably what happens elsewhere, but I'm just guessing...I could be wrong.
Should go to cancer research.
In RI the money is put into the "general fund" which is supposed to be used for budgetary purposes. I doubt it's used constructively.
Here is an idea; if this article is completely true it said that this Shaw guy is some former chief executive officer of Industrial Enterprises of America Inc. This company files for bankruptcy and costs somebody or some companies with hard working hourly employees over a $100 million in a securities fraud. Why not claim the money and divide it up between some of the people who got shafted???? Bet they could use the money more than this guy. If the "mystery owner" is hiding out in Belize it is probably to escape punishment for their involvement in this securities fraud so let him stay there and take the winnings and give it to those whom he still owes. There, problem solved.
corvette crazy
Because the ticket does not belong to the attorney.
The rest of your post is sheer assumption and has no basis in fact.
wtf?
It's almost like some people are destined to make money while the rest of us have to struggle.
I thought I was the only person who felt that way. Sometime ago it was printed on the internet that a man was down to $24 and unemployed. He played a quick pick and won millions. Please!! Sometimes I think these stories are just that...stories. Just another way to drag us into spending our little money and getting nothing in return. The only person I knew that won did so because the lottery machine malfunctioned.
There will be an investigation because there is video of the person buying the ticket.
I just know it wasn't me, even though I was in Des Moines.
The money should be donated to cancer research or some other needy charity.
Why we don't have lotteries that support these important causes are beyond me.
The money goes back into a pool for future prizes. Each state is different.
Plenty of deserving charities but what charity is more deserving than another? Better to stay away from donation issues.
Why are the winners usually crooked, broke, homeless, jobless, alone, or otherwise unfortunate? Because this is the majority of folks who buy tickets. This guy could have a court decision against him for some offense with a mega-buck fine/sentence which would take all his winnings. With a lump sum payout, after taxes and other expenses, 14 mil would only bring him about 6 mil according to other stories I've read.
Couldn't he have given it to someone else to claim it and then split the money later? I guess that people like this don't trust anyone...
Shared_Gum: He signed it with a company name. Having done that, none of his friends or family would be able to claim the ticket.
But I thought companies/corporations are people too.
No SallyAnn-4595694, they are an 'entity' owned by shareholders or private individuals. They aren't people. lol
Belize, hmmm? The client who probably looted $100 million from a now bankrupt trust, of which the lawyer was a CEO. This smacks of the way the Planet Aid/Gaia/USAgain used clothes recyclers work. The aforementioned clothing recyclers are part of the TVIND global corporate enterprise, worth billions of dollars.... most of which are hidden in offshore accounts registered to bogus fronted companies. TVIND has plantations in Belize, a mansion or two, and their people live there quite well while exploiting the Belize workers like slaves.
Check this out, if you don't believe me. http://www.tvindalert.com/
Well said! Yes, Tvind is alleged to be annually sucking about $50 million out of the United States, mainly under the pretense of charity. As you say, Tvind Alert is a great website for further info. But one can also check out these shocking TV news reports on USAgain and Planet Aid, respectively (Google search the keywords):
* Millions In Clothing Donations Diverted From Charity – kirotv
* Local Mayor Wants Red Bins Out - USAgain – YouTube
* FOX 5 Investigation: Planet Aid
* Planet Aid: Charity Denies Cult Connection
* Charity Watchdog Accuses Planet Aid Of Misleading Its Donors
* Team 4: Why One Charity Gets An 'F' - Pittsburgh News Story
I can understand someone buying a ticket and losing it. I can even understand someone buying a ticket and never checking to see if it was winner...I've done that myself and found out after the ticket expired.
Somethings really stinky here. It seems like who ever owned the ticket is unwilling to go and claim the money. I have to ask why they would have bought a ticket with no intentions to ever claim the prize if they won.
Then after I think about that, I start wondering if it could be possible to 'know' which number will win.
They're probably wanted for something nasty, which is why they refuse to come back to the country to claim the money.
Johnnyt: (1) he is out of the country escaping criminal charges, (2) he signed the ticket with an incorrect company name.
William AGAIN
There is nothing in the article whatsoever to support your statements.
The attorney signed the ticket and he is in Des Moines, he has not been found guilty of anything otherwise he would not be an attorney. And a simple misspelling is not really relevant. Hexam Hexham...who cares, they are not challenging it because of any spelling error. I am sure you have never made a spelling error have you?
Frankly True
I have already stated that I re-read the article and realized the attorney signed the ticket and not the client. The writer made the misspelling relevant by putting it in the article, not me.
It's obvious that there is illegal activity present here. If either the attorney or the "buyer" of the ticket cannot just come forward to claim a lottery winning like any other regular law abiding citizen who has nothing to hide. There is something wrong. Think about it 14.3 million dollars we would all love to have that. If law enforcement has been looking for you, should you be playing the lotto? Who would you trust if you actually won?? Either claim the money compromise your identity and go to jail and still not get the money or stay poor and free for the rest of your life in hiding?
Hexam/Hexham....
If I had a winning ticket this large, you can be sure it would be signed correctly and with my best penmenship.
Not something done, almost as an afterthought.
I'll bet the picture of the original buyer (they have it on the stores security camera) will be in the news.
If the money doesn't get claimed, it'll be distributed to the states participating in the Hot Lotto game. Iowa share would be approx. 1.3 million.
Who'd a thunk it. A crooked attorney involved. Perish the thought.