The question of whether to take the annuity or the lump sum for a lottery winner is an important one. Each has its advantages: The annuity guarantees moderation and the lump sum can maximize total windfall thanks to investing.
But one man in Georgia has gone down a unique path that involved neither squandering on toys or success in the stock market. Instead, Ronnie Music Jr. took his $3 million dollar check from the Georgia Lottery and decided to invest in methamphetamine, federal prosecutors say. In terms of an investment, the New York Times called his business “thriving,” but after being caught with over $1 million worth of guns, drugs, and vehicles, Mr. Music is now facing amused contempt and jail time from justice department.
“Defendant Music decided to test his luck by sinking millions of dollars of lottery winnings into the purchase and sale of crystal meth,” US Attorney Ed Tarver said in a statement. “As a result of his unsound investment strategy, Music now faces decades in a federal prison.”
http://www.msn.com/en-us/money/markets/after-a-dollar3-million-lottery-win-man-decides-to-invest-in-meth/ar-BBuZJMg?li=BBnbfcN&srcref=rss&ocid=iehrs