Connecticut Powerball “Winners” Go The Extra Mile

Yesterday afternoon, three Greenwich men came forward with a winning Powerball ticket worth $254 million. Lottery officials had been searching for nearly a month to find them, posting billboards all over Connecticut “urging” the ticket holder to reveal him or herself and claim the prize. But when Gregg Skidmore, Tim Davidson, and Brandon Lacoff finally did, it was not how people pictured it. Frank Farricker, for one, was very disappointed. He’d expected the men to be more excited, more celebratory, more over the top pumped about their windfall. Frank didn’t get that, though. Instead he got three guys who seemed at best embarrassed and at worst pained to be collecting, after taxes, a lump sum of $103.5 million. At the time, some speculated that the reason the trio, Skidmore in particular, looked like they were about to have a group colonoscopy rather than take home a bag of cash, was that they were worried how it would appear, given that they are not just Gold Coast residents but money managers in Belpoint Capital, and you know how the general public feels about those types. Today, however, another theory has emerged.

The explosive claims blow apart the fairytale story that Mr Davidson bought the ticket at a gas station in Greenwich Connecticut for $1. It would also explain the bankers’ sheepish performance at a press conference to collect their ‘jackpot’, during which they refused to discuss their relationship with each other. It had been suggested that Mr Davidson bought his ticket on November 1 and the following day they realised their numbers had come up, beating odds of 195,249,054 to one. Now, according to a family friend who has known Mr Lacoff since he was a boy, the truth behind what happened is very different. Tom Gladstone said that a client at investment company Belpointe LLC, which was founded by Mr Lacoff and provides investment advice, much of it to wealthy individuals, was the real winner. He, Mr Davidson and Mr Skidmore then set up the Putnam Avenue Family Trust which will allow the man to keep out of the spotlight. Mr Gladstone, a real estate agent who rents Mr Lacoff the Belpointe office space, said: ‘The person who really won it is anonymous. ‘They set up the trust so that Brandon and his two partners could claim they won it and that the real winner wouldn’t get hassled…‘The winner is a client of theirs and their clients are a mixture of larger and smaller investors. By Wall Street standards they are not big players.

One the one hand, that would be a lot of trouble to go to for one client though on the other, LOOK AT THESE FACES:

Are those the faces of people who just won over $100 million (which for them actually is quite a bit more than pocket change, despite the desire by some to see the loosely thrown about words “money manager” and assume mind-boggling wealth)? No, they are not.  Skidmore is wondering if he could murder everyone in the room and make it look like an accident. Additionally, three people don’t pool their odds on one ticket, they do so on a bunch. Furthermore, and most importantly, when you’re running a relatively small shop and need the money, bending over backward for clients is exactly the sort of thing you do.

Over a billion in assets, sure, you tell a client proposing you embarrass yourself to spare his own embarrassment to fuck off. Under? It’s, “Yes, I’d love to claim ownership of this scratch off and have my picture taken with a gigantic check so you don’t have to/of course I’ll run in to buy your wife tampons while you wait in the car/obviously I’ll wait on line to buy you a Cinnabon with extra syrup at the airport we’re flying into so you don’t have to look like the one with no self-respect.”

This jig is up.

Were they just a front for a mystery client? Rich bankers who claimed $254m Powerball jackpot accused of NOT being real winners [Daily Mail]
Earlier: Powerball Officials Finally Smoke Assset Manager Winners Out Of Their Hole

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91 Responses to “Connecticut Powerball “Winners” Go The Extra Mile”



    • Guy with A.D.D. says:

      I think you broke the "Caps-Lock" key on your computer buddy
      Just sayin'


        (This post was made painstakingly by me.)

      • capslockexpert says:

        Are you not familiar with how the Caps Lock button works? You press it once and then it stays engaged. I highly doubt geoff broke it.

        Just sayin', buddy.

    • Assburgher says:

      He's the only one who bothered to get into the role of "I won decamillions, am hungover, haven't shaved in days, and will never have to wear a tie again." It's the other two who are just phoning it in.

    • A Trader says:

      Guy on the right is clearly the trader… Traders don't wear ties.

      – Lazy non-tie-wearing trader

  2. Not Stevie's Ticket says:

    over-under they bought it at a discount from the person wishing to remain anonymous?

    • PermaGuestII says:

      Hmmm… now what major Wall Street figure do we all know who's been having a few liquidity issues recently, who might be willing to sell a lottery ticket at a discount (instead of, say, shares in an illiquid wireless technology company)?

  3. CoveredLong says:

    "…wait on line to buy you a box of Cinnabons at the airport we’re flying into so you don’t have to look like the one with no self-respect"

    Ordering Fat Faggot Treats (yes, with the hot cum) and pretending to win the lottery is definitely the not killing it.

  4. lex luthor says:

    I'm guessing michael moore is the winner…who else would work so hard to cover this up? Pelosi? Corzine? Goetz? The FLOTUS?

  5. Alt_EST says:

    Pictured at left: The evil version of Red Forman.

  6. Chevy_Chased says:

    It seems a little convenient that Barney Frank chooses to retire from Congress after this ticket is anonymously claimed in a state just south of Mass. It seems from the look on their faces that the guys at Putnam Ave are not only bending over backwards, but forwards for their client.

    -Dive Bove, Contrarian Conspiracy Theorist

  7. Financial_Servicer says:

    Wait, which direction are these guys bending over for their client?

  8. TurkeyTom says:

    Those guys look so dull it is quite possible they are all CFA charterholders

  9. Deleveraging says:

    So let's say they get $120MM to manage at 50bps all in, so we are looking at $600K/year. Now knock another 30% off that for overhead, embarrassing yourself, getting your balls busted by this client, divide it 3 ways and pay taxes. On the plus, you don't have to worry about some sleazebag with a CFA trying to steal your client.

    Anyone else take a shot at the math?

  10. contango says:

    chances of this guy staying with belpoitne capital < 10%

  11. I'm a Dude says:

    if they are just posing for client, which is stupid because you get a 2 -bit lawyer to do that, why did all 3 of them need to pose? why not just one?

    • Harold Pinter says:

      {Scene. 3 men. Conference room. Shades drawn.}

      "Hey, Tim – we're going to accept the money on Mr. Client's behalf. You go do the whole press thing".
      "No way. You know so much – YOU get up there."
      "Look. If we're all going to benefit from this, then we've all got to take the pain. We're ALL going up. We'll just say we split the ticket. It's 10 minutes. We can fake it that long."

      (Tim avoids "that's what your wife says every night" joke to preserve the peace).


  12. PMCO/1+(1-Tc)x(D/E) says:

    Given the location of the purchased ticket, my guess is it belongs to an illegal migrant worker hanging out under 95 – who then sold it to these guys for 70 cents on the dollar.

    -motive examiner

  13. Guest says:

    at least 2 of them were necessary, lest they violate roseanne's wealth cap.

  14. Guestaroo says:

    Me and the Lord, we have an understanding…


  15. lol wut says:

    It also doesn't make sense that the guy bought "only 1 ticket" but it is being split between 3 people. When jackpots are split, then there is usually a pool involved, which would infer that multiple tickets were purchased. Pretty sure these guys didn't each scratch toghether 33 cents to buy just 1 ticket.

    • Guest says:

      Yeah, it usually takes 100 of us to scratch that together.
      -UBS MD

    • agreatdaytothink says:

      I used to rent my place out to 3 doctors-in-residence. Total rent was $3,200. Each sent separate checks for $1,666.66. Every month I would launch into an expletive-filled rant to my wife about my missing penny.

      Point being, if it was my dollar, and each of those tool bags only offered 33 cents, when it came time to divy winnings, they damn well better understand that it is split pro-rate plus several points to me for having to be de-facto managing member.

      My money is on the guy in the middle who had to pay $0.34. You can just tell about these things.

  16. guest says:

    i think the disappointment on these gentlemen's faces is not that they won the lottery, it's the realization that they probably will have to become goldman sach's clients now. that makes the barney frank treatment look like a walk in the park!

    • guest says:

      Are you under the impression the name of the firm is Goldman Sach? Also, never comment again.

    • Che says:

      Get it together will ya?
      They're a bunch of white collar crooks and as a front for someone in deep trouble either with the Feds. or facing a series of lawsuits for fraud. Hang on unto your cow boy hat, the truth will surely come out. And if they're caught, could face a charge of aiding and abetting. They will then be crying for their mama.

  17. Way Back Machine says:

    Years ago, the wife of some rich guy in Greenwich won the lottery. It was $8 million. She refused to be photographed, just ran in and out, and never did any press. So, it makes a lot of sense that someone would offer $108 mil in AUM to a bunch of pantingly-eager 100-bippers and avoid the limelight. $10 says Putnam Family Trust goes out of business in 18 months when the client decides he needs the money for "estate planning" purposes.

  18. Could it be.... says:

    Shippan Point gas station is very, very close to Cummings Point Road. Just sayin'.

  19. Way Back Machine says:

    Greenwich woman who won in 2008:

    GREENWICH, Conn. (AP) — A Greenwich woman was in no rush to claim an $8.8 million lottery jackpot she had won nine months ago.

    The woman, Lynn Hagerbrant of Greenwich, finally stepped forward on Monday with the winning Connecticut Lottery Classic Lotto ticket from Nov. 23, 2007. The winning numbers were 4-7-10-23-28-38.

    Lottery officials said on Thursday that she had waited to claim the jackpot so she could put together a long-term plan for the money. That plan was not announced, and Ms. Hagerbrant did not respond to a phone message.

    Ms. Hagerbrant bought the “Quick Pick” ticket at a gas station in Greenwich. She took the lump sum option, which cut the prize down to $3.8 million after taxes.

    Winners have one year to claim their prizes. Lottery officials said there had been growing speculation that the jackpot would go unclaimed, as a dozen others have in the last 25 years.

  20. JSC says:

    wish I had doubled down on lottery tickets instead of Italian debt


  21. Che says:

    Bunch of white collar criminals as a front for someone in deep 'S****T trouble with Feds. The truth will surely come out. Sit tight, folks! They all look like a bunch deers caught in high beam head lights.

  22. associated press article reported Ranjit Singh manager of the Getty station where the ticket was purchased said "he didnt know the winners and didnt remember selling the winning ticket" and in another article Singh says the one man was a regular customer and he remembers selling him the ticket? WTF? someone pay him off?

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