John McGuiness, a former hospital porter, won £10 million on the National Lottery in 1997. Bud Post lost $16.2 million within a nightmarish year — his own brother put out a hit on him. A former girlfriend successfully sued him for a share of his winnings and his brother was arrested for hiring a hit man to kill him in the hopes he’d inherit a share of the winnings. After sinking money into various family businesses, Post sank into debt and spent time in jail for firing a gun over the head of a bill collector. Most players have already pictured how they will spend the money, and how it will finally mean the end of whatever irks them most in life - whether it's worrying debts or a job they hate. In some cases lottery winners find themselves with nothing in the bank and nothing to show for the windfall that was supposed to have changed their lives.
He also invested in property and in a beauty salon - which were meant to set him up for the future.

He bought 40 expensive cars, appeared in court twice for speeding, and says that former friends persuaded him to make some terrible investments.
Will she spend it wisely?Happy ending for lottery winner as fiancee moves inMan takes vow of poverty then wins $260m - what next?
Probably a few times at work when your boss makes you do something tedious, or when you can't afford that vacation to Europe you've been meaning to take. She said in an interview that she had spent the money quickly, on cosmetic surgery, holidays, partying and drugs. His marriage has failed, he has been in jail twice, he has claimed benefits for a while and even slept rough at one point. Unfortunately the salon failed and he couldn't make mortgage repayments on the properties, so he lost those too. However, the investment that undid him was the £4 million he put into Livingstone Football Club.

He even thought he had bought a pub, but later discovered that his name had never been on the deeds.
She met the father of her two eldest children within weeks of winning the money and says during their relationship she spent £250,000 on cocaine. Last March he was working as a recruitment consultant and spending much of his income repaying debts.4.
The club took out loans against the money he had invested and then went into administration, leaving him with nothing.

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