NationStates Jolt Archive


Lottery win magnifies personality faults of winners.

Eutrusca
05-12-2005, 19:05
COMMENTARY: So what would YOU do? No, not what you THINK you would do. What would you ACTUALLY do???


Instant Millions Can't Halt Winners' Grim Slide (http://www.nytimes.com/2005/12/05/national/05winnings.html?th&emc=th)


By JAMES DAO
Published: December 5, 2005
CORBIN, Ky., Nov. 30 - For Mack W. Metcalf and his estranged second wife, Virginia G. Merida, sharing a $34 million lottery jackpot in 2000 meant escaping poverty at breakneck speed.

Years of blue-collar struggle and ramshackle apartment life gave way almost overnight to limitless leisure, big houses and lavish toys. Mr. Metcalf bought a Mount Vernon-like estate in southern Kentucky, stocking it with horses and vintage cars. Ms. Merida bought a Mercedes-Benz and a modernistic mansion overlooking the Ohio River, surrounding herself with stray cats.

But trouble came almost as fast. And though there have been many stories of lottery winners turning to drugs or alcohol, and of lottery fortunes turning to dust, the tale of Mr. Metcalf and Ms. Merida stands out as a striking example of good luck - the kind most people only dream about - rapidly turning fatally bad.

Mr. Metcalf's first wife sued him for $31,000 in unpaid child support, a former girlfriend wheedled $500,000 out of him while he was drunk, and alcoholism increasingly paralyzed him. Ms. Merida's boyfriend died of a drug overdose in her hilltop house, a brother began harassing her, she said, and neighbors came to believe her once welcoming home had turned into a drug den.

Though they were divorced by 2001, it was as if their lives as rich people had taken on an eerie symmetry. So did their deaths.

In 2003, just three years after cashing in his winning ticket, Mr. Metcalf died of complications relating to alcoholism at the age of 45. Then on the day before Thanksgiving, Ms. Merida's partly decomposed body was found in her bed. Authorities said they have found no evidence of foul play and are looking into the possibility of a drug overdose. She was 51.

Ms. Merida's death remains under investigation, and large parts of both her and Mr. Metcalf's lives remain wrapped in mystery. But some of their friends and relatives said they thought the moral of their stories was clear.

"Any problems people have, money magnifies it so much, it's unbelievable," said Robert Merida, one of Ms. Merida's three brothers.

Mr. Metcalf's first wife, Marilyn Collins, said: "If he hadn't won, he would have worked like regular people and maybe had 20 years left. But when you put that kind of money in the hands of somebody with problems, it just helps them kill themselves."

As a young woman, Ms. Merida lived with her family in Houston where her father, Dempsey Merida, ran a major drug-trafficking organization, law enforcement officials say. He and two of his sons, David and John, were indicted in 1983 and served prison sentences on drug-related convictions.

John Murphy, the first assistant United States attorney for the western district of Texas, who helped prosecute the case, said the organization smuggled heroin and cocaine into Texas using Mr. Merida's chain of auto transmission shops as fronts.

Mr. Murphy described Mr. Merida as a gruff, imposing man who tried to intimidate witnesses by muttering loudly in court. Mr. Merida received a 30-year sentence but was released in 2004 because of a serious illness, Mr. Murphy said. He died just months later in Kentucky at age 76.

When Dempsey Merida and his two sons went to prison, his wife moved the family to northern Kentucky. Virginia Merida married, had a son, was divorced and married again, to Mack Metcalf, a co-worker at a plastics factory. But he drank too much and disappeared for long stretches of time, friends of Ms. Merida said, leaving her alone to care for her son and mother.

She worked a succession of low-paying jobs, lived in cramped apartments, drove decrepit cars and struggled to pay rent. For his part, Mr. Metcalf drifted from job to job, living at one point in an abandoned bus.

Then one July day in 2000, a friend called Ms. Merida and gave her some startling news: Mr. Metcalf had the winning $3 ticket for a $65 million Powerball jackpot. Ms. Merida had refused to answer his calls, thinking he was drunk.

"Mack kept calling here, asking me to go tell Ginny that he had won the lottery," said Carolyn Keckeley, a friend of Ms. Merida. "She wouldn't believe him."

At the time, both were barely scraping by, he by driving a forklift and she by making corrugated boxes. But in one shot, they walked away with a cash payout of $34 million, which they split 60-40: he received about $14 million after taxes, while she got more than $9 million.

In a statement released by the lottery corporation, Mr. Metcalf said he planned to move to Australia. "I'm going to totally get away," he said.

[ This article is two pages long. To read the remainder of the article, go here (http://www.nytimes.com/2005/12/05/national/05winnings.html?pagewanted=2&th&emc=th). ]
Pure Metal
05-12-2005, 19:13
a sad story. you just gotta remember, money can't buy you happiness, but it can buy you a better class of misery ;)


edit: also reminds me of what my friend mark said soon after he came to my school (joined in 6th form): "my parents sent me here cos they thought all you posh kids would work hard and stuff, and i was dreading moving school... but now i'm here i know that you all just have more money to buy more drugs and booze" :p
Portu Cale MK3
05-12-2005, 19:15
a sad story. you just gotta remember, money can't buy you happiness, but it can buy you a better class of misery ;)

Dude, if you say money can't buy hapiness, you must not know any real good shops ;)
Cahnt
05-12-2005, 19:17
In 2003, just three years after cashing in his winning ticket, Mr. Metcalf died of complications relating to alcoholism at the age of 45. Then on the day before Thanksgiving, Ms. Merida's partly decomposed body was found in her bed. Authorities said they have found no evidence of foul play and are looking into the possibility of a drug overdose. She was 51.
A pity, but it's likely a lot more people would drink themselves to death if they had the money and leisure to do so.
Smunkeeville
05-12-2005, 19:17
I have heard people who talk about "if I ever win the lottery" and they tell me all this stuff they are going to buy. It makes me sad, knowing that after they buy all that stuff they will be back where they started, unhappy and broke, but just have more crap to dust...............


anyway, my husband and I talked about if we ever came into a lot of money what we would do with it.........

1 buy a house (probably like a 4 bedroom 3 bath with a den/basement for the kids)
2 set aside college funds
3 invest.

we would pretty much live the way we do now, only have a nicer house.

although I know in reality, I would go on a shopping spree and buy new furniture and such...........:p
Ashmoria
05-12-2005, 19:21
i really dont think i would fall into a life of drugs and alcohol if i won the lottery. after all, i have enough money for that now and i cant be bothered

i think that if you are going to play one of the massive jackpot lotteries you should think out how you would deal with the money. you should at least know if you would take the lump sum or the annuity

id take the annuity. it would guarantee me a certain amount of money every year for the rest of my life. (if i won on wendesday, i would be covered until i was 78 years old)

lump sums are great but even 100 million dollars can be pissed away, stolen, embezzled, or wheedled out of you.
Cahnt
05-12-2005, 19:22
I have heard people who talk about "if I ever win the lottery" and they tell me all this stuff they are going to buy. It makes me sad, knowing that after they buy all that stuff they will be back where they started, unhappy and broke, but just have more crap to dust...............


anyway, my husband and I talked about if we ever came into a lot of money what we would do with it.........

1 buy a house (probably like a 4 bedroom 3 bath with a den/basement for the kids)
2 set aside college funds
3 invest.

we would pretty much live the way we do now, only have a nicer house.

although I know in reality, I would go on a shopping spree and buy new furniture and such...........:p
With a win that size you could probably afford quite a lot of furniture without bankrupting yourselves.
Ekland
05-12-2005, 19:24
I have comparatively few material vices, descent financial sensibility and responsibility, and from a philosophical standpoint I value personal dignity, self-control, self-respect, and balance through moderation.

Considering that, I'm probably one of the people who could handle a massive cash injection and still hold it together... ironically I'm also not the kind of person who buys lottery tickets. :p

It's true though, money will only fuel the vices of the vicious and it will ultimately destroy them.
Pure Metal
05-12-2005, 19:25
Dude, if you say money can't buy hapiness, you must not know any real good shops ;)
i know some good shops in holland where the ladies are always happy to see you ;) :D

nah if i ever won the lottery i'd
1. buy a yacht (fuckin big sunseeker to travel the world in)
2. buy a nicer car (something big n comfy)
3. design and build a nice house
4. invest
5. give a fair whack to charity
6. pay off parents' debts and buy them that house in bordeaux they've been pining after for years
7. be able to spend time writing, reading, and doing creative arty crap :)

i think i've learned my lessons with drugs/booze so i think i'd be ok there, but i could well still eat myself to death :eek: :(
Eutrusca
05-12-2005, 19:25
Dude, if you say money can't buy hapiness, you must not know any real good shops ;)
:rolleyes:
Keruvalia
05-12-2005, 19:26
COMMENTARY: So what would YOU do? No, not what you THINK you would do. What would you ACTUALLY do???

Instant Millions Can't Halt Winners' Grim Slide (http://www.nytimes.com/2005/12/05/national/05winnings.html?th&emc=th)

Another fine argument against Capitalistic greed. I'm gonna have to start calling you Forrest Red. ;)
Eutrusca
05-12-2005, 19:28
I have heard people who talk about "if I ever win the lottery" and they tell me all this stuff they are going to buy. It makes me sad, knowing that after they buy all that stuff they will be back where they started, unhappy and broke, but just have more crap to dust...............


anyway, my husband and I talked about if we ever came into a lot of money what we would do with it.........

1 buy a house (probably like a 4 bedroom 3 bath with a den/basement for the kids)
2 set aside college funds
3 invest.

we would pretty much live the way we do now, only have a nicer house.

although I know in reality, I would go on a shopping spree and buy new furniture and such...........:p
Shopping sprees are kewl. I know I would go on one. :D
Utracia
05-12-2005, 19:29
I understand that somewhere around a third of all lottery winners declare bankrupsy within 5 years. Seems some people just can't handle the money...
Kanabia
05-12-2005, 19:31
He's moving here? um...yay?
Carnivorous Lickers
05-12-2005, 19:34
I'm happy to say that money would solve the problems I have.

I'm not complaining about my problems- I consider them all minor and insignificant. My family and I are all healthy and life is good.

Like a previous poster wisely pointed out-I have enough cash to buy drugs and booze now and I dont.

With a major lottery winning of 60 plus million, I would not only ensure the future stability and prosperity of my family, but would also spend a great deal of time helping others that really need it. And not just by writing them checks or handing them cash, but by helping them create a stable foundation of education/training/investment to help them secure their own future.
Carnivorous Lickers
05-12-2005, 19:38
I understand that somewhere around a third of all lottery winners declare bankrupsy within 5 years. Seems some people just can't handle the money...


I think people that mis-manage whatever small income they have will only mis-manage on a grander scale if they win.

All lotto proceeds are tax. Out of the state's portion of the lotto fund, winners should have access to consultants to help them protect their winnings and futures. Everyone would benefit from say- a person wins 30 million and decides to start a dream business they always wanted-then they HIRE others, and those people now have income and health benefits, etc...
More people paying tax and contributing to society.
It could do a lot more good than it does.
Revasser
05-12-2005, 19:39
I'd squander the money so badly it's not even funny. I like to think I'd do something good with it, but I suspect I simply wouldn't know how to handle that much money, especially all at once, and would do something stupid. Ah well.
Smunkeeville
05-12-2005, 19:43
With a win that size you could probably afford quite a lot of furniture without bankrupting yourselves.
true, but the more you shop (or the more I do) the more you want.

I worry that with that much money, that I might get into an attitude where things are important to me.

Right now, I have everything I need and almost everything I want, no debts and a family worth more than anything in the world to me. I don't think I would be very happy if I went on a huge shopping spree, I would just buy enough to make our lives more comfortable, and then probably invest some, and give a lot to charity.
Eutrusca
05-12-2005, 21:45
true, but the more you shop (or the more I do) the more you want.

I worry that with that much money, that I might get into an attitude where things are important to me.

Right now, I have everything I need and almost everything I want, no debts and a family worth more than anything in the world to me. I don't think I would be very happy if I went on a huge shopping spree, I would just buy enough to make our lives more comfortable, and then probably invest some, and give a lot to charity.
I tend to agree with that. Depending on the size of the win, I would buy some land near here, build several houses on it, and set it all up in a family trust. I would also establish a trust fund for my grandchildren's eduction and/or if they wanted to go into business, inheritable in perpetuity. I would pay off all my debts, my ex's debts and my children's debts, then buy an H1 Hummer and a travel tralier and go on tour. :D

There are several charities I respect, and I would give as much to each of those as I felt I reasonably could. I would also look up all those who have helped me over the years and offer to pay off all their debts as well. :)
Carnivorous Lickers
05-12-2005, 21:48
I tend to agree with that. Depending on the size of the win, I would buy some land near here, build several houses on it, and set it all up in a family trust. I would also establish a trust fund for my grandchildren's eduction and/or if they wanted to go into business, inheritable in perpetuity. I would pay off all my debts, my ex's debts and my children's debts, then buy an H1 Hummer and a travel tralier and go on tour. :D

There are several charities I respect, and I would give as much to each of those as I felt I reasonably could. I would also look up all those who have helped me over the years and offer to pay off all their debts as well. :)


Non ti scordar di me
Megaloria
05-12-2005, 21:52
Mo' money, mo' problems.
[NS]Simonist
05-12-2005, 22:45
I think I know exactly what I'd do.....the same thing I did with the inheritence from my great-grandparents (five of 'em) when I turned 18 and collected.
I'd buy ONE really cool yet still usefull, albeit expensive, item (or several less expensive items) then make the rest my fallback money. It worked out marvelously for me so far....especially considering it was a potentially BAD idea to give an upper-class teenager, heading off to college far away from her family, several thousand dollars...'course, with the millions, there's be more room for discretionary spending.

Most importantly, I think I'd buy one of those video entertainment machines (aka video crack) that many bars have.....the newer models cost $5K for personal, non-paid use. In about two years it would pretty much pay itself off.
Lunatic Goofballs
05-12-2005, 22:56
I won't be crazy anymore. I'll be eccentric. :)
Vydro
05-12-2005, 23:02
I won't be crazy anymore. I'll be eccentric. :)

Pay off my parents debts, buy a really nice gaming machine, and invest the rest...

I'd probably switch to working part-time too... would never stop working/going to school though, I'd go insane just left to my own devices.
Damor
06-12-2005, 00:00
So what would YOU do? No, not what you THINK you would do. What would you ACTUALLY do???I'd plan out how much I expect to need to get by the rest of my life; double that to be on the safe side. An invest in a few back ups in case the economy collapses. Than have a look how to spend anything not acounted for.
I'd probably try to hide that I was a millionaire, since it's like to attract trouble and leeches.. Maybe get myself a 'fake' job, perhaps buy myself a comic book/manga/anime store or something and 'hire' myself, to account for income. Haven't really thought about it beyond that. :rolleyes:
Alchamania
06-12-2005, 00:28
Pay off my debts, pay up my mothers morgage, give some to my sister to help setup her new family. Put the rest in an account with reasonable interest and live off that.
I have an account with no fees which pays 5.6%p.a.
Cannot think of a name
06-12-2005, 01:30
There's a book called Book of Illusions, which would be pretty close to what I'd like to think I'd do. Set up a cottage studio and start making little films all for me and a select audience.

But truth be told I have no concept of that much money and can't concieve of it, especially when you consider that expenses increase logrhythmically. I'd probably over-extend myself in not too long.

I have a catch in my head about getting that much money that automatically I set aside a mil that is just for interest to insure income if I blow the rest. I'd like to think I would hold to that.