November 29, 2011 in Nation/World

Three share $254.2 million win

Associated Press
 

ROCKY HILL, Conn. – A trio of wealth managers from Greenwich, one of the most affluent towns in America, claimed a Powerball jackpot worth more than a quarter of a billion dollars Monday off a $1 ticket.

Greg Skidmore, Brandon Lacoff and Tim Davidson came forward as the winners of the $254.2 million jackpot and the trustees of The Putnam Avenue Family Trust, which they formed to help manage the money after Davidson bought the winning ticket at a Stamford gas station.

A lawyer who spoke for the group at a news conference said they contacted him immediately after the Nov. 2 drawing and came forward after making plans for the money. He said the trust will take the after-tax lump sum of $103,586,824.51 cash and a significant amount will go to charity.

“Obviously, everybody is extremely excited,” said Jason Kurland, the group’s attorney. “These numbers are huge. This is going to benefit many people.”

The three men work at Belpointe, an asset management firm in Greenwich that provides investment advice, much of it to wealthy individuals, according to the Securities and Exchange Commission. The company manages $82 million, according to the SEC.

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