List Blog entries from
November 29, 2011
Three rich BANKERS finally emerge as winners of record $254m lottery jackpot... no wonder they look a little embarrassed
As three bankers, they are already not the most popular people in America.
So it's no wonder that the asset managers who turned a $1 ticket into a record $254million jackpot look a little sheepish today.
Greg Skidmore, Brandon Lacoff and Tim Davidson, all of Greenwich, Connecticut - one of America's wealthiest towns - showed themselves at a press conference, but weren't saying much about the win.
The jackpot was the largest ever won in Connecticut and the 12th biggest in Powerball history. The largest previous lottery jackpot in Connecticut was $59.5 million in June 2005.
It is the biggest jackpot ever won in Connecticut - but the trio say a 'sizeable' portion will go to charity.
Jason Kurland, the group's attorney, said: 'Obviously, everybody is extremely excited. These numbers are huge. This is going to benefit many people.'
They will take the after-tax lump sum of nearly $104 million in cash between them after Davidson bought the winning ticket at a Stamford gas station.
They say a significant portion will go to charity.
The three men now work at the investment company Belpointe LLC, which was founded by Mr Lacoff and provides investment advice, much of it to wealthy individuals.
The SEC said the company manages $82million.
Mr Skidmore, the company's president and chief investment officer, formerly worked as an investment banker for a subsidiary of AXA Financial Services and Citigroup.
He is a former member of the U.S. sailing team who was once an Olympic hopeful, according to the company's website.
Mr Davidson started his career at an unnamed French bank where he worked in foreign exchange before moving on to advise companies, hedge funds and 'ultra high worth individuals.
Mr Lacoff was an accountant for Ernst & Young before founding an investment company known Belray capital, which became Belpointe LLC,
He 'owns a number of properties and businesses throughout the region,' according to the Belpointe website.
Davidson bought the $1 quick pick ticket for the November 2 drawing at the Shippan Point BP gas station in Stamford. It was the only ticket he bought.
They sat stoically at a conference table sipping bottled water as Kurland answered questions, declining to describe the trio's relationship with one another, how they came to purchase a $1 ticket together or what they would do with the money, except to say that Connecticut charities would benefit from the windfall.
Posted by Staff at 10:50 AM
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