Powerball Officials Finally Smoke Assset Manager Winners Out Of Their Hole

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Connecticut residents Gregg, Brandon, and Tim were initially bashful about coming forward.

Three asset managers from Connecticut's affluent New York suburbs claimed a $254 million Powerball jackpot on Monday off a $1 ticket. Gregg Skidmore, Brandon Lacoff and Tim Davidson came forward as trustees for The Putnam Avenue Family Trust, which they formed after Davidson bought the winning ticket at a Stamford gas station. At least two of them live in Greenwich, one of America's wealthiest towns. They will take the after-tax lump sum of nearly $104 million in cash. They say a significant portion will go to charity. Davidson bought the $1 quick pick ticket for the Nov. 2 drawing at the Shippan Point Getty station in Stamford. It was the only ticket he bought. The winning numbers were 12-14-34-39-46, Powerball 36.

The three men work at a small, startup asset management firm called Bell Asset Management in Greenwich. They appeared with their lawyer at a news conference and didn't say much. "It feels good," Skidmore said. Lottery officials had used billboards across the state to urge the ticket holder to come forward as the weeks went by without a winner.

In related news, how long before someone runs out for a boatload of scratch-offs?

Gregg Skidmore, Brandon Lacoff, Tim Davidson at Bell Asset Management in Greenwich win Powerball [AP]
$254 million Powerball jackpot goes to wealthy Greenwich, Conn., money managers [NYDN]

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