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Winning lottery ticket purchased with stolen credit card

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Winning lottery ticket purchased with stolen credit card

Old 10-28-05, 04:01 PM
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Winning lottery ticket purchased with stolen credit card

http://www.cnn.com/2005/US/10/28/lot....ap/index.html

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MEDFORD, Oregon (AP) -- A woman bought a winning lottery ticket worth $1 million with a stolen credit card and could wind up with nothing if convicted, police said.

Christina Goodenow, 38, of White City in southern Oregon faced numerous theft-related charges, forgery and possession of methamphetamine, said authorities, who searched her home Thursday. The card belonged to a deceased relative, they said.

If convicted of any of the charges, Goodenow will not be able to collect prize money from the winning ticket, said police Lt. Tim George.

Oregon Lottery officials refused to discuss specifics of the case because an investigation is still under way.

"I'll be fascinated to see how this shakes out," Lottery spokesman Chuck Baumann said. "In my 12 years with the Oregon Lottery, this is the first time I've encountered something like this."

Goodenow purchased the winning ticket October 9 using a credit card that had belonged to her mother-in-law, who died more than a year ago, police said.

Goodenow traveled to Oregon Lottery headquarters in Salem on October 12 to accept an installment payment of $33,500. The $1 million grand prize is paid out over 20 years.

Detectives began tracking Goodenow on Wednesday after learning that she had used the credit card to purchase several items, including the ticket.

A search warrant served at her home Thursday turned up some methamphetamine, but little money, George said.

"Our investigation is still trying to determine what happened to the $33,500," George said.
Old 10-28-05, 04:06 PM
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Doesn't this woman watch My Name Is Earl?
Old 10-28-05, 04:08 PM
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I'm more shocked that you can buy lottery tickets with a credit card.
Old 10-28-05, 04:10 PM
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Originally Posted by TracerBullet
I'm more shocked that you can buy lottery tickets with a credit card.
She didn't even take the lump sum...
Old 10-28-05, 04:12 PM
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So, I guess the jackpot will get divided up by the states that participate?
Old 10-28-05, 04:19 PM
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What a dumbass
Old 10-28-05, 04:21 PM
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So by proxy, does the person who got their card stolen get the winning ticket? I'd say that is a fair way to make restitution.
Old 10-28-05, 04:23 PM
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Originally Posted by Lemdog
What a dumbass
Seriously. She's obviously never taken a finance class. You get hardcore screwed when you accept the "pay over 20 years" bit...
Old 10-28-05, 04:28 PM
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Originally Posted by Deftones
So by proxy, does the person who got their card stolen get the winning ticket? I'd say that is a fair way to make restitution.
That might be a good idea.... except she's DEAD!
Old 10-28-05, 04:32 PM
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Goodenow traveled to Oregon Lottery headquarters in Salem on October 12 to accept an installment payment of $33,500. The $1 million grand prize is paid out over 20 years.
33,500 per year for 20 years doesn't come close to a million.
Old 10-28-05, 04:35 PM
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I'm guessing it's either a typo and it was 30 years, or the amount had taxes taken out.
Old 10-28-05, 04:37 PM
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Originally Posted by RoyalTea
33,500 per year for 20 years doesn't come close to a million.
And when you factor in inflation (33,500 is NOT going to be worth nearly as much in 19 years), interest costs, and lost opportunity costs, she's really getting screwed. Then again, she doesn't really sound bright enough to handle her money well anyway.
Old 10-28-05, 04:38 PM
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Please type "time value of money" in google.
Old 10-28-05, 04:39 PM
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Originally Posted by Anubis2005X
And when you factor in inflation (33,500 is NOT going to be worth nearly as much in 19 years), interest costs, and lost opportunity costs, she's really getting screwed. Then again, she doesn't really sound bright enough to handle her money well anyway.

Then again when you take the lump sum it is normal 50% of the jackpot.
Old 10-28-05, 04:48 PM
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Originally Posted by Anubis2005X
And when you factor in inflation (33,500 is NOT going to be worth nearly as much in 19 years), interest costs, and lost opportunity costs, she's really getting screwed. Then again, she doesn't really sound bright enough to handle her money well anyway.
Don't most big jackpot winners end up broke in like 10 years when they take the lump sum? As you stated, most lottery winners don't tend to be the best money managers so taking the annuity isn't such a bad choice for them.
Old 10-28-05, 05:11 PM
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Originally Posted by bralph
That might be a good idea.... except she's DEAD!
Give it to the lady's family! Wait! Doh!
Old 10-28-05, 05:22 PM
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Originally Posted by TracerBullet
I'm more shocked that you can buy lottery tickets with a credit card.
Yeah, they don't allow that here.. always have to do a seperate cash transaction for Lotto tickets.
Old 10-28-05, 05:34 PM
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Originally Posted by TracerBullet
I'm more shocked that you can buy lottery tickets with a credit card.
My girlfriend said the same thing..
Old 10-28-05, 05:46 PM
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I just skimmed the story, but it seems to me she should have taken the lump sum.
Old 10-28-05, 05:57 PM
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Originally Posted by WallyOPD
As you stated, most lottery winners don't tend to be the best money managers...
Most lottery losers don't strike me as being good protectors of their money either.
Old 10-28-05, 06:38 PM
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Originally Posted by TracerBullet
I'm more shocked that you can buy lottery tickets with a credit card.

You Can't. Well, You're not supposed to at least. When I worked at a convenience store it was Cash Only, and the Lottery made that very clear to us. It's still technically doable though, as the credit card is just being charged whatever the hell you type into the machine. Maybe the clerk did it unknowingly (or maybe not.)

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