April 2, 201016 yr Baker who won £9m on lottery dies penniless after blowing his fortune and seeing his marriage crumble By Daily Mail Reporter Last updated at 1:28 PM on 02nd April 2010 Comments (36) Add to My Stories A former baker who won £9million on the National Lottery has died penniless just five years after scooping the jackpot. Keith Gough, 58, died in hospital after blowing most of his winnings on country homes and luxury cars. His marriage to wife of 25 years Louise fell apart in 2007 and he lost most of his friends after he began drinking heavily. Penniless: Keith Gough, 58, pictured with his ex-wife Louise after they won £9million on the lottery in 2005, has died in hospital from a long illness He was checked into the Priory rehabilitation clinic in Birmingham, where he was targeted by a conman who stole more than £700,000 from him over two years, and had been living with his nephew in Broseley, near Telford. More... Grandfather scoops £3m lottery win after buying ticket with just TWO MINUTES to spare Mr Gough, who once leased an executive box at the Premiership's Villa Park, died at Telford's Princess Royal Hospital on Saturday after battling a long illness. Fraudster: James Price was jailed for three years and four months for conning Mr Gough out of £700,000 Along with his ex-wife, the couple sold their £160,000 semi-detached home in Bridgnorth and moved to a £500,000 house nearby in 2005 following their big win. He quit his job as a baker, but then started spending his fortune by splashing out on racehorses, a BMW, a £1million country home in Cheshire and £35,000 on the executive box at his beloved football team Aston Villa. But his extravagant spending meant he lost his former friends and he started drinking. Two years after their lottery win, Mr Gough split with wife Louise - with whom he has a 15-year-old son - and he was left with just £1.5million of his fortune. It was while he was in rehab that he was targeted by convicted conman James Prince, who persuaded him to invest money in business ventures before running off with a total of £700,000. Prince was eventually caught and jailed for three years for fraud. The couple had bought their winning ticket from a newsagent in Broseley. Shop owner Barabara Homer said she still remembered the day they bought the ticket. She told the Shropshire Star: 'It was a great boost for the area and everyone was really pleased. 'It's a thing you can only dream of and you never think it will happen locally.' Mr Gough's family were too upset to speak. Read more: http://www.dailymail.co.uk/news/article-1263056/Baker-won-9m-lottery-dies-penniless-blowing-fortune-seeing-marriage-crumble.html#ixzz0jxQciI4z
April 2, 201016 yr A fool and his money are soon parted... in other news, anyone should be allowed to start a lottery. This is another thing the government monopolizes. If anyone could start a lottery, there would be dozens to choose from, and none of the jackpots would ever get very big (or tempting). In this way, lotteries either couldn't exist in a free market, or would simply never be attractive to the dummies who don't understand the probabilities involved: Your odds are like picking a single correct coin out of this many.
April 2, 201016 yr money can't fight health... well... i guess sometimes it can but it can never fight happiness. what else did you guys learn from this story?
April 2, 201016 yr Author money can't fight health... well... i guess sometimes it can but it can never fight happiness. what else did you guys learn from this story? That you should never crave material wealth.:smug:
April 2, 201016 yr Precisely why I would never wish any of my loved ones to win the lottery. I know how easy it is to be overcome by it and have your life ruined. IMO, better to work hard your whole life and never leave middle class than to suddenly win the lottery and have your whole life fall apart.
April 2, 201016 yr I know how easy it is to be overcome by it and have your life ruined. Did you get super rich and become and alcoholic and fuck up your marriage too? What I learned from this story is absolutely fuck all.
April 2, 201016 yr No. I know because I watched a special about former lottery winners on TV. That makes me knowledgeable.
April 2, 201016 yr I'm sure they focussed on the thousands of millionaire lottery winners who simply retired, spent their money reasonably wisely and lived a content, fairly luxurious lifestyle without having to worry about bills. OH WAIT THATS NOT GOOD TELLEH :freak: Let's point out idiots like the guy in this article.
April 2, 201016 yr Yep. That's 2. But who came a millionaire this week? Or last week? Or the week before? Some people who might go on to live a worry free life? Well, we won't ever know or care unless they fuck it up.
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