The story of the three very lucky Greenwich, Connecticut wealth managers winning the $254 million Powerball has turned from a "Rich Get Richer" story to a possible "Rich Protect The Richer" mystery when one man claimed the trio were fronting for a client. But the three men's trust, the Putnam Avenue Family Trust, issued a statement, "There has been much speculation and quite a bit of misinformation over the last 24 hours... To be clear, there are a total of three trustees and there is no anonymous fourth participant."
Greg Skidmore, Brandon Lacoff and Tim Davidson, who work together at Belpointe Asset Management, say that Davidson bought a $1 ticket at a BP station in Stamford. The gas station's manager also says he sold the ticket to Davidson. But Lacoff's family friend Tom Gladstone told the Daily Mail, "The person who really won it is anonymous. They set up the trust so that Brandon and his two partners could claim they won it and that the real winner wouldn’t get hassled. They have said they are going to give it to charity but they are going to manage the money. They are going to make a donation but they keeping a large proportion of the money and they are going to manage it."
According to the Wall Street Journal, "It's legal to claim lottery winnings through a trust, though additional beneficiaries can be added at a later date. Moreover, the person holding the winning ticket isn't required to have purchased the ticket, Connecticut lottery officials said." Anyway, after reiterating there's no fourth party, the trust's spokesman also said $1 million would soon be donated to charities.
