Sunday, June 4, 2023

Australia | The person went bankrupt after winning 21 lakhs in the lottery

An Australian man who won £17 million ($21 million) in the lottery lost all his money after a series of bad investments left him bankrupt.

sheriff girgis He was 23 years old and working part-time at a movie theater when he won the biggest prize Australia in 2007.

Apparently, becoming an overnight millionaire upset the subject, who became a neophyte rich, expelled from his world.

Sun Media reports that, after receiving millions, Girgis decided to invest in the purchase of a pub, a luxury ship, Nightclub why land with sea view, However, as the years went on, problems began to emerge.

The man says he spent $936,000 renovating the pub, now called the Grand Central Hotel in Midland. He also lost more than $749,000 over a three-year period.

The Australian also bought a luxury catamaran, a boat or ship with two parallel hulls of similar size, 80 feet. This investment, he said no profit,

He sued the person who gave him financial advice

That time, the lottery winner sought financial advice Russell Polivka A Joondalup city councillor, to whom he revealed he only had $3.5 million left of the initial $21 million prize pool.

Two years later, Girgis sued Polivka, accusing him of giving her bad advice. The authorities ruled that the councilor would have to pay back one per cent of the 3.5 million that the affected person claimed he was owed.

Thus, the Supreme Court concluded that the defendant must return more than $2 million.

Man won $4 million in the lottery and lost it all because of his bad mind

In a similar story, a UK man who had won £3.5 million, or more than $4 million, lost it all after a series of bad decisions and ended up penniless.

John Roberts was 30 years old and living in a humble caravan in 1998 when he became one of the biggest lottery winners in all of Scotland.

After winning the prize, Subject and his wife Linda move into a mansion located in Blackpool, which will be the first of a long list of purchases to celebrate being a millionaire. The couple reportedly broke up before John lost the rest of the money.

The Mirror Medium reports that Roberts, who worked as a security guard, not only bought 40 cars, but was also the victim of several scams.

John was once convinced that he had bought a pub; However, he later learned that he was never named in the property deeds.

In addition to fraud, there were problems with the UK authorities after two arrest warrants were issued against him.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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