Comments on: You Win Some, You Lose Some… or a Million! http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/ Your Money. Your Career. Your Life. Sun, 07 Sep 2008 01:20:31 +0000 http://wordpress.org/?v=abc By: Patrick http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-6074 Patrick Tue, 26 Feb 2008 23:58:57 +0000 http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-6074 Amazing - it doesn't even look like he got any jail time. Thanks for the update! :) Amazing - it doesn’t even look like he got any jail time. Thanks for the update! :)

]]> By: hrun http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-6073 hrun Tue, 26 Feb 2008 23:11:11 +0000 http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-6073 Seems like the story had a happy end for Timothy Elliot after all. http://news.bostonherald.com/news/regional/general/view.bg?articleid=1067426&srvc=home&position=recent Seems like the story had a happy end for Timothy Elliot after all.

http://news.bostonherald.com/news/regional/general/view.bg?articleid=1067426&srvc=home&position=recent

]]> By: hrun http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2895 hrun Sun, 02 Dec 2007 20:31:59 +0000 http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2895 As a final note from me on this issue: just because you violated parole (or probation) does not mean you automatically have to go back to jail. That's up to the parole board to decide-- based on things like severity of violation, previous violations and time spent out on parole. Btw. I'm not a legal expert (nor am I currently out of jail on probation). I just gathered some facts together from the web which I thought were interesting. As a final note from me on this issue: just because you violated parole (or probation) does not mean you automatically have to go back to jail. That’s up to the parole board to decide– based on things like severity of violation, previous violations and time spent out on parole.

Btw. I’m not a legal expert (nor am I currently out of jail on probation). I just gathered some facts together from the web which I thought were interesting.

]]> By: Swim Upstream to Wealth http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2889 Swim Upstream to Wealth Sun, 02 Dec 2007 17:21:53 +0000 http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2889 I agree with hrun's thinking. They can send him back to jail for violating his parole, but I don't think they can take the money since the lottery is not an illegal activity. If he had stolen something, then they can confiscate the stolen goods, but this is a legit activity. He should be allowed to keep that money in a brokerage which will await him once his prison term is up. I agree with hrun’s thinking. They can send him back to jail for violating his parole, but I don’t think they can take the money since the lottery is not an illegal activity. If he had stolen something, then they can confiscate the stolen goods, but this is a legit activity.

He should be allowed to keep that money in a brokerage which will await him once his prison term is up.

]]> By: Blaine Moore http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2883 Blaine Moore Sun, 02 Dec 2007 14:04:35 +0000 http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2883 I'm with hrun. He did not do anything illegal, and is entitled to the money. He should also go back to jail for violating his probation. I’m with hrun.

He did not do anything illegal, and is entitled to the money. He should also go back to jail for violating his probation.

]]> By: Patrick http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2856 Patrick Sat, 01 Dec 2007 15:41:13 +0000 http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2856 hrun, I think you have a very good point with the comparison to using a computer. The act of buying a ticket may not be a crime itself. However, I wonder if there is the state lottery board has some king of legal clause regarding something like this. One thing is certain - it will be an ugly court battle! Jerry, A convicted bank robber be wise with his money? Hmmm. I'm guessing it was financial desperation that lead to the initial crime. I'm nit sure he will invest wisely or not. And I bet his legal bill will be huge! Thanks for the insightful comments. hrun,

I think you have a very good point with the comparison to using a computer. The act of buying a ticket may not be a crime itself. However, I wonder if there is the state lottery board has some king of legal clause regarding something like this. One thing is certain - it will be an ugly court battle!

Jerry,
A convicted bank robber be wise with his money? Hmmm. I’m guessing it was financial desperation that lead to the initial crime. I’m nit sure he will invest wisely or not. And I bet his legal bill will be huge!

Thanks for the insightful comments.

]]> By: Jerry http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2855 Jerry Sat, 01 Dec 2007 14:04:54 +0000 http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2855 Something leads me to believe that the state lottery commission will have some sort of an "out" in this situation. If they can keep the money, legally, then they probably will. However, if the guy does get to keep the winnings, here's hoping he will invest it wisely for his future -- an annuity, other investments, whatever. Anybody else bet that he doesn't? Something leads me to believe that the state lottery commission will have some sort of an “out” in this situation. If they can keep the money, legally, then they probably will. However, if the guy does get to keep the winnings, here’s hoping he will invest it wisely for his future — an annuity, other investments, whatever. Anybody else bet that he doesn’t?

]]> By: Weekly Roundup: Pen Name | My Dollar Plan http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2853 Weekly Roundup: Pen Name | My Dollar Plan Sat, 01 Dec 2007 13:45:28 +0000 http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2853 [...] You Win Some, You Lose Some… or a Million! @ Cash Money Life [...] [...] You Win Some, You Lose Some… or a Million! @ Cash Money Life [...]

]]> By: hrun http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2850 hrun Sat, 01 Dec 2007 06:03:01 +0000 http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2850 Double Journey (and others), the point of my post was that violating parole (or probation) is NOT necessarily a crime. For example, if I commit fraud using a computer and part of my probation is not to access the internet while on probation, then accessing the web does not become a crime for me. So, if I violate probation, I would not get 'convicted' of committing a crime and get thrown back into jail. I'd be found to have 'violated' probation and thus my probation would be revoked (and I'd serve my full term in jail if the board finds that my violation was severe enough). So, unless the purchase of the ticket was actually a criminal act (which I doubt it was), I don't really see how the winnings could get taken away. Double Journey (and others), the point of my post was that violating parole (or probation) is NOT necessarily a crime. For example, if I commit fraud using a computer and part of my probation is not to access the internet while on probation, then accessing the web does not become a crime for me. So, if I violate probation, I would not get ‘convicted’ of committing a crime and get thrown back into jail. I’d be found to have ‘violated’ probation and thus my probation would be revoked (and I’d serve my full term in jail if the board finds that my violation was severe enough).

So, unless the purchase of the ticket was actually a criminal act (which I doubt it was), I don’t really see how the winnings could get taken away.

]]> By: Double Journey http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2845 Double Journey Fri, 30 Nov 2007 22:29:01 +0000 http://cashmoneylife.com/2007/11/30/you-win-some-you-lose-some-or-a-million/#comment-2845 The only problem with Hrun's argument is that if you receive money through an illegal activity, you don't have a right to that money. While he may have a legitimate winning ticket, his purchase of the ticket was illegal, and therefore the entire action of it should be void. I'm no lawyer, but it stands to logic that you should not benefit from an action you should not have been doing anyway. Then again, there are instances of criminals making money off of book deals and movie rights, so maybe this is justification for this person's actions. The only problem with Hrun’s argument is that if you receive money through an illegal activity, you don’t have a right to that money.

While he may have a legitimate winning ticket, his purchase of the ticket was illegal, and therefore the entire action of it should be void. I’m no lawyer, but it stands to logic that you should not benefit from an action you should not have been doing anyway.

Then again, there are instances of criminals making money off of book deals and movie rights, so maybe this is justification for this person’s actions.

]]>