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$254 million lotto jackpot won by three rich guys
By: Bill O'ReillyNovember 29, 2011
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STORY EXCERPT
Business Week: Three money managers in one of the country's richest towns collected the biggest jackpot in the history of the Connecticut lottery after investing $1 dollar in a Powerball ticket.

Brandon E. Lacoff, co-founder of Belpointe LLC, an $82 million wealth manager in Greenwich, Connecticut, and his colleagues Gregory Skidmore and Tim Davidson rode a black limousine into the lottery headquarters in Rocky Hill yesterday to claim a $254 million Powerball prize, according to Anne Noble, president of the lottery...

The three men choose to accept an after-tax payment of about $104 million and collect it through an entity they formed called the Putnam Avenue Family Trust, Noble said. She declined to provide details on when the trust was created.
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