IRS Pursues Lottery Winner Cheated by Tax Scammers

Richard Sherwin won the Illinois lottery and thought he had it made. Unfortunately he was induced by tax scammers to invest in a partnership that created large tax losses. After he recived large tax refunds the scammers suggested an investment and stoled his money. He now owes taxes to the IRS and it is pursuing him to collect taxes, penalties and interest. The tax scammers shattered his lottery dream.

Category:

News & Politics

Tags:

• Illinois
• Lottery
• Winner
• Cheated
• by
• Tax
• Scammers

[jamil316]

well IRS is a Scam anyway

[ANICON2006]

..I've said this before & I'll say it again, DO NOT TAKE A LUMP SUM PAYOUT TAKE THE ANNUITY.. all you're doing with a cash payout is giving 1/2 of it away in taxes when you could be MAKING INTEREST ON THE ANNUITY OVER 30 YRS AND REDUCING YOUR FIT! People are so greedy they can't wait for that big check & all the things they can buy with that cash & they usually end up losing it like this guy did or get in trouble with the IRS or bad investments.. take the quaranteed 30yr income people!!

[PhantomLyric]

@jackbauer6543 I wouldn't go that far. The guy made his own bed, really. Think about the thousands of people who fall for tax scams each year. I'm sure if your governor said that there would be a tax increase, you'd be one of the first people complaining. The simple truth is, the guy was stupid enough to fall for it... Why should other tax payers suffer? That's like me selling you stolen property and you getting mad at the original owner for wanting it back....

[blicksflicks]

@Novinte Yeah. I know what you mean. Well, we neither one have that problem, so I think we'll be just fine. Besides, I don't really care to have hundreds of millions. It would be nice to win $100,000; I could pay off all my bills. That would be nice. Plus, I could sell my Macbook Pro and buy me the latest and greatest Mac Pro tower. I wouldn't mind having me a Mac Pro tower fully maxed out to the hilt. :)

[Novinte]

@blicksflicks I know, put in the bank was just in general. The best way is to set it up in different countries and definitely Switzerland. Oh well, I wish I had that problem to think about lol

[blicksflicks]

@Novinte Why in the world would you put say $300 million dollars in one bank account? Do you realize that FDIC doesn't even cover that much money in a single bank account? Some very big banks only cover $1 million dollars in a single account. And, some only cover $100,000 dollars in a single account. It would be absolutely insane to deposit $300 million dollars in a single bank account. You need financial advisers and accountants, so you can invest some of that money and set up a plan.

[Novinte]

@blicksflicks Don't get shit! Put it in the bank, study and don't do stupid things.Financial advisers and accountants scam too. It doesn't matter if they are caught doing it, once they scam you, the money is gone.

[blicksflicks]

First two things that you should get after you win the lottery: a financial adviser and an accountant. A lot of people have gotten into big trouble not getting both.

[remsensor]

The IRS does consist of greedy shitheads but this guy should have hired an accountant.

[jackbauer6543]

This is really depressing. It's bad enough that we have to pay taxes on everything, but the fact that the taxes costed him a dream come true. Fuckin, greedy IRS sons of bitches.

I hope he at least had enough to enjoy a nice vacation somewhere. He needs it for sure.