Skip to main content
Black Listed News
Trending Articles:
Trending Articles:

U.S. lottery rigged, then payout used for offshore tax scam

Published: July 6, 2017
Share | Print This


Source: CBC

After Robert Rhodes collected a Wisconsin Lottery jackpot that had been rigged by his friend, he used the windfall for an investment scheme that produced another wave of undeserved government money, court records show.

Rhodes, an accomplice in a scandal that has shaken U.S. state lotteries, recently explained under oath how he used the $783,000 payout to receive an additional $180,000 in bogus tax refunds. The Texas businessman sent his lottery winnings offshore to buy a phoney insurance policy for a personal corporation that never did any business — except receive the lottery prize. He then claimed the policy as a tax-deductible "business expense."

The upshot: Rhodes received roughly $150,000 from the U.S. government and $36,200 from Wisconsin in tax refunds on the lottery payout.

To get that payout, Rhodes' friend, Eddie Tipton, former security director for the Multi-State Lottery Association, resorted to rigging the Dec. 29, 2007, Megabucks lottery. The draw was advertised at $2 million.

Tipton, 54, admitted in court that he also provided cohorts with the winning numbers for jackpots in Colorado in 2005, Kansas in December of 2010 and Oklahoma in 2011.

Read More...

Share This Article...


Emigrate While You Still Can! Learn more...


PLEASE DISABLE AD BLOCKER TO VIEW DISQUS COMMENTS

Ad Blocking software disables some of the functionality of our website, including our comments section for some browsers.





SIGN UP TO GET BLACKLISTED NEWS DELIVERED RIGHT TO YOUR INBOX

Enter your email address:





More Blacklisted News...

Blacklisted Radio
Blacklisted Nation
On Patreon
On Twitter
On Reddit
On Facebook
Blacklisted Radio:
Republic Broadcasting
Podcasts on Youtube
Podcasts on Demand
On Iheart Radio
On Spreaker
On Stitcher
On iTunes
On Tunein

Our IP Address:
198.245.55.242

Sponsors:
good
longboard
brands


Why Not Costa Rica!?
Relocation Tour





BlackListed News 2006-2018