Wednesday, November 30, 2011

What Rumors? Hedgies Deny They Aren't Lottery Winners

Finalternatives writes: Did they or didn't they? Just days after three hedge fund managers claimed the largest lottery jackpot in Connecticut history, rumors abound that they are merely serving as a front for an even richer winner—with further rumors abounding about just who that might be. SAC Capital Advisors' Steven Cohen, anyone?

"To be clear, there are a total of three trustees and there is no anonymous fourth participant," Gary Lewi, a spokesman for Belpointe Asset Managements' Tim Davidson, Brandon Lacoff and Greg Skidmore told Bloomberg News. "Within the next 10 days, the trust will be distributing $1 million" to charities in the state.

But a man who describes himself as a family friend of one of the winners, Lacoff, told London's Daily Mail that "the person who really won it is anonymous."
Stoking a conspiracy stemming from the alleged winners' decision to have the $104 million lump-sum payment made to a trust, Tom Gladstone said, "They set up the trust so that Brandon and his two partners could claim they won it and that the real winner wouldn't get hassled." The real winner, Gladstone claims, is "a client of theirs."

Find out more at http://www.finalternatives.com/node/18844

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