William "Bud" Post, who died on January 15 aged 66, was, like Vivien Nicholson in Spend, Spend, Spend, a warning that a huge financial win does not guarantee happiness.
In 1988 Post, who had $2.46 in his bank account at the time, pawned a ring for $40 and handed the money to his landlady to buy tickets for the Pennsylvania state lottery. He won $16.2 million, to be paid in annual installments of $500,000 a time.Within two weeks, he had spent $300,000 of it; within three months, he was $500,000 in debt.
Here's the tale.
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