Winning the Lottery and Investing in a Crystal Meth Trafficking Ring: The American Dream
We’ve all heard the stories about how people went from being lucky lottery winners to wasting their lottery payments on booze, gambling, and spending ahead of their means in other foolish ways. Eventually, they lose all that sweet, sweet money. Well, a Georgia man might’ve just taken the cake on all of those famous lottery curse stories.
According to the Atlanta Journal Constitution, Georgia’s Ronnie Music Jr., 45, won $3 million off a Georgia Lottery scratch off game in 2015. Instead of investing that money to ensure a secure financial future for himself, Music used his winnings to invest in one of the least secure things out there: a crystal meth trafficking ring. Normally, people go into meth trafficking because they don’t have a better way to make money.
But not Ronnie Music Jr.
Last week, Music pled guilty in federal court to drug trafficking and firearms charges. Music, along with a few of his associates, purchased crystal meth and distributed the drug around Ware County and other parts of the state.
“As a result of his unsound investment strategy, Music now faces decades in a federal prison,” said U.S. Attorney Ed Tarver.
Music and his pals were caught tying to sell approximately 11 pounds of crystal meth worth more than $500,000, and Music was identified as the drug source. Federal agents seized over $1 million worth of drugs, guns, ammunition vehicles, and $600,000 in cash.
“Defendant Music decided to test his luck,” added U.S. Attorney Ed Tarver, perhaps having a little too much fun with the lottery puns. Now, the unfortunate lottery winner faces a potential sentencing of life in prison.
Perhaps like other lottery winners Music was tired of waiting for annuity payments. While it can be frustrating waiting for annuity lottery payments to show up in your account, investing in a sketchy meth operation is yet another great example of what not to do with your lottery payments. There are, however, a few more responsible things you can do with your payout options.
If you really need cash for your annuity now, consider selling your lottery payments for cash. You can opt for a lump sum of cash that you’ll be able to use towards anything you want. Again, it’s recommended that you do not invest in federal crimes. A more mature option, and one that can change your life for the better, is to pay off all of your student debt. Your debt follows you for your entire life, so being able to rid yourself of your debt is a wonderful opportunity that not everyone has available to them.
Mega Millions and Powerball lotteries have annuities of 30 annual payments that increase over time. With an “immediate” annuity, you will start receiving these payments within 30 days. Opting for a lump sum rather than annuity payments will allow you to pay off those student loans right away. Or you can buy a nice car, put money down on a house, start your own non-meth trafficking business, and plenty of other mature, responsible adult things.