5 of the Biggest Lottery Losses of All Time

2. Greedy Vultures

A big paycheck is an awful big secret to keep hidden. William Post III was destitute; he had only $3.00 to his name. His big break came when he won $16.2 million, though the payday was slipping away from him fast.

In only three months he spent his first annual payment of half a million dollars, which would have effectively brought him financially back to square one except that he owed debts for another half million.

When his family heard about their now flush with cash relative they fought tooth and nail to get a chunk, culminating in the hiring of a contract killer to ‘take care of’ his wife. Later when questioned about the experience Post said that despite the money he was much better off poor.