1
   

Woman curses lottery money after blowing it all

 
 
Reyn
 
Reply Wed 31 Aug, 2005 11:49 pm
£1m was a curse - I wish I'd never had cash

Aug 31 2005
By The Evening Chronicle

Lotto loser Wendy Graham today told how she is penniless after blowing £1m ($1,802,621 USD) in a year-long drugs-fuelled party.

Tattooed Wendy, 26, was given the cash by her stepdad Bob Frazer who won a £14.2m jackpot in 2003.

The generous taxi driver, of, Heaton, Newcastle, gave his son and two stepchildren £1m each.

But instead of investing it, Wendy started on a year-long wild party.

Her behaviour turned her into a female version of original Lotto lout Michael Carroll, the binman who made a string of court appearances on drugs offences and made his neighbours' lives hell in Norfolk after winning his cash three years ago.

And Wendy even faces jail herself after attacking two women in a bar.

Most of Wendy's money went on drugs, booze and gambling - she told a national newspaper - and she paid £3,000 a time for nights of passion with high class male hookers.

Mum-of-one Wendy went out partying every day with boyfriend Richard Hill, 28.

She said: "We had a great time. Cocaine was my downfall. I had done drugs before, mostly cannabis and Ecstasy. I took some the first couple of days and it felt great. "The next day I took some more, all washed down with champagne. Best of all, it gave me the confidence to spend my money in the posh clothes shops which I had never dared to go into before.

"A typical day would be to give £50 to the babysitter to look after our son and then head out with Richard and other friends to the casino. We'd buy some cocaine, I'd take £3,000 out of the bank and we'd start partying.

"We'd head out early afternoon and still be hard at it at 6am. I'd be spending £240-a-day on drugs and £1,500-a-day on gambling.

"We would then stagger home after 6am, fall into bed, sleep for a couple of hours, get up and start all over again."

Before the win Wendy lived modestly in a council flat in Byker, Newcastle, and survived on benefits.

Her life changed one Sunday morning in April 2003 when Bob, married to Wendy's mum Dorothy, rang to say he'd won the jackpot. But the money only brought her grief and misery. She and Richard split up. She has been left penniless and in debt. She is £1,200 overdrawn and owes £15,000 on credit cards and loans.

The only good investment Wendy made was her three-bedroom home in Seaton Sluice, Northumberland, which she bought for £225,000 cash.

Wendy admits she continued her yobbish behaviour, despite becoming a millionaire. As a teenager she was twice jailed for mugging to buy drugs. At 14, armed with a kitchen knife, she threatened to cut a woman's ring off her finger.

She was convicted of attempted armed robbery and sentenced to two-and-a-half-years. At 17 she punched a female student and stole £9.40 cash and a telephone card. She has been told she is likely to be jailed again next month for attacking two women at a Whitley Bay bar.

Wendy realised she had to change her lifestyle when she was arrested for hitting her son last year.

She said: "Slowly but surely I gave up all that life and now I am completely off drugs. There's no money left but I wouldn't go back to the way I lived. It would be the death of me.

"I'm back to where I was really, living on benefits and trying to get by."

Today Wendy struggles on £43-a-week family tax credit and £17-a-week child benefit.

Wendy added: "£1m was far too much to handle. It was a curse. I wish I had never seen the money."

Source[/color]
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Discussion • Score: 1 • Views: 1,683 • Replies: 9
No top replies

 
material girl
 
  1  
Reply Thu 1 Sep, 2005 02:47 am
Poor her, she could have given it to me.Id spend it sensibly AND appreciate it.
0 Replies
 
edgarblythe
 
  1  
Reply Thu 1 Sep, 2005 04:40 am
Blame not the object, but user of the object.
0 Replies
 
Phoenix32890
 
  1  
Reply Thu 1 Sep, 2005 04:55 am
I have read a number of studies, which show that some big lottery winners often are in worse shape finanially some time after they have had their windfall.

Many people who are used to living hand to mouth, will continue to live the same way, even if their mouths are now filled with caviar. The problem is that there are skills involved in making and keeping money, and many of the lottery winners have never developed those skills. So they piss the money away, and then they are back where they started from, or worse!
0 Replies
 
material girl
 
  1  
Reply Thu 1 Sep, 2005 04:57 am
I thought they had the opportunity to get financial/investment advice from the lottery board!
0 Replies
 
edgarblythe
 
  1  
Reply Thu 1 Sep, 2005 05:00 am
Reminds me of a family I once knew that came into a few thousand extra dollars. They spent so extravagantly, that in a month's time they were already bouncing checks.
0 Replies
 
Phoenix32890
 
  1  
Reply Thu 1 Sep, 2005 05:07 am
material girl wrote:
I thought they had the opportunity to get financial/investment advice from the lottery board!


Not sure of that, but if they do, what makes you think that people listen to good advice?

Years ago, I knew a young man who had to drop out of college. Why? His mom had won the 1st NY state lottery (It was a million bucks then, which was quite a lot in those days).

Problem was, she "forgot" to share her windfall with Uncle Sam, who, in a fit of pique, froze all her bank accounts.
0 Replies
 
material girl
 
  1  
Reply Thu 1 Sep, 2005 05:28 am
Do your lottery wins get taxed!!?I dont think ours do.

I think its Camalot that operate the lottery in the UK and Im sure ive heard that advice an be given to winners.
I think it takes a type of person(usually stupid)to not listen to financial advice on that scale.
Youve been given the chance to chance your life, and others.It doesnt all have to be spent.
0 Replies
 
Reyn
 
  1  
Reply Thu 1 Sep, 2005 07:19 am
In Canada, lottery winnings are also tax-free.

I think you are right, Phoenix, that if someone never learned proper money management when they just had a regular paycheque, they probably will go nuts if they have a big windfall.

The first thing on my mind would be investing the major portion of any winnings. You never know, you might live to 115!.
0 Replies
 
rodeman
 
  1  
Reply Tue 6 Sep, 2005 10:27 am
So a million pounds was far too much to handle......??

How about just sitting on it with your tattooed ass Wendy....?? Idiot.
0 Replies
 
 

 
  1. Forums
  2. » Woman curses lottery money after blowing it all
Copyright © 2024 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.03 seconds on 09/29/2024 at 02:14:45