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Rollo

(2,559 posts)

29. An annutiy would be a good solution, but...

Sat Sep 1, 2018, 05:17 PM

Sep 2018

The world is full of con artists. Like the ones who get lottery winners who choose installment payments over, say, 20 years, to sign over their payments in exchange for a (reduced) lump sum. Probably they would have surfaced and they could have convinced this homelss guy to sign over his annuity income to them for a reduced lump sum.

But it's probably too late now, anyway. Depending of his age (assume 40) $400,000 would have given him monthly annuity payments of maybe $1500. $150,000, maybe $500/mo.

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SCouple ordered to turn over funds raised for homeless man [View all] Judi Lynn Aug 2018 OP

Good Sherman A1 Aug 2018 #1

Agreed and if there is no evidence of embezzlement I would hope he would apologize to the couple. cstanleytech Aug 2018 #2

... for the embezzlement accusation, yes. But there are other issues.... moriah Aug 2018 #7

They bought the camper for him, but reportedly the camper was in their name. LisaL Sep 2018 #17

Ugh. Isn't that vile. I bet he wouldn't have dreamed of pulling something like that Joe Chi Minh Sep 2018 #25

My son keeps telling me about how there's so many people who live off ripping off the poor. lark Sep 2018 #18

There is no money left, according to homeless guy's lawyer. LisaL Sep 2018 #33

How about you wait until they actually turn over the money before asking for apologies? LisaL Aug 2018 #8

So far there is no evidence of any money remaining. LisaL Sep 2018 #34

Well if the state has any theft by deception laws or something then maybe cstanleytech Sep 2018 #35

They were just recently claiming they had $150,000 left. LisaL Sep 2018 #36

double good. The guy used his last $20 to bring her gas. This is how she repays him? Demovictory9 Sep 2018 #30

Good. Cal Carpenter Aug 2018 #3

It is beyond disgusting. Sickening beyond belief. There is patronising and Joe Chi Minh Sep 2018 #23

He seems to be the one person who has behaved as a responsible, Joe Chi Minh Sep 2018 #24

Good. I considered how I'd try... moriah Aug 2018 #4

"escrow" and a "forensic accountant" seems reasonable. Hope they kept good records. n/t PoliticAverse Aug 2018 #5

$400,000 originally and only approximately 150,000 left. That must have been one swanky camper. vsrazdem Aug 2018 #6

Actually, it's not clear what is left there. LisaL Aug 2018 #9

I'll give them til end of banking hours Monday before... moriah Aug 2018 #11

Monday is a holiday. LisaL Aug 2018 #12

If they don't show up on Monday, lock them up! lark Sep 2018 #19

Well, LisaL rightly pointed out banks won't be open until Tuesday. moriah Sep 2018 #20

Sorry about that. lark Sep 2018 #21

Don't feel bad, I made it first and in my field bank holidays are just another day. moriah Sep 2018 #22

That money is waaayyyy long gone now ansible Aug 2018 #13

they will probably get.. getagrip_already Aug 2018 #10

We need special prisons JohnnyRingo Aug 2018 #14

Right on. nt joet67 Sep 2018 #15

I stumbled across his story a little a couple months ago. xor Sep 2018 #16

They should have just bought him an annuity Beakybird Sep 2018 #26

yep Vinnie From Indy Sep 2018 #27

With that kind of money, I presume he could have gone to a nice in-patient LisaL Sep 2018 #28

An annutiy would be a good solution, but... Rollo Sep 2018 #29

This message was self-deleted by its author Oneironaut Sep 2018 #31

Apparently, there is no money left. LisaL Sep 2018 #32