Lottery loser

LoserDoesn’t it warm the cockles of your heart when you hear about a past lottery winner (3.9 million tax free dollars) that gets busted by transit police having sex with a woman on the hood of his BMW M5 sedan between the Nanaimo and 29th Avenue SkyTrain stations? No? Me neither. It seems that Mohammed Shakil Khan won sacks of cash in the spring of 2007 and has lead a less than stellar existence ever since, including a lifetime prohibition from possessing firearms, assault with a weapon and discharging a firearm with intent to wound. He also hangs with individuals claiming to be with the Independent Soldiers (a local gang). Overall not the behavior from someone that has been blessed with enough cash to ensure a comfortable and luxurious lifestyle for the rest of his life. Did I mention that when police arrested this guy he had a loaded .22 calibre revolver in his car? Mr. Khan obviously had a bright future as a brain surgeon, rocket scientist or particle physicist if his lottery plan hadn’t panned out. Let’s hope that our legal system awards him with a more deserving prize…like a year or two in jail.

UPDATE – OCT 7, 2014: Not only is Mr. Khan one of the horniest lottery winners on record, he’s also one of the dumbest. According to an article on theprovince.com, he’s in the midst of suing his investment adviser for losing half of his coveted lottery winnings. He initially put his winnings in high-yield short-term GICs earning about 4.5 per cent per year but several months later transferred $3.5 million to a company called Leede Financial Markets. His advisor, Catherine Jones, engaged in a number of transactions without Khan’s consent, selling a number of blue chip equity-paying stocks and investing the funds in speculative ventures. This increased the transaction fees and dropped those dollars directly into Jones’ pocket. Jones blames the inability to communicate with Khan during his time in police custody as the reason she took it upon herself to juggle his money and fatten her commission cheques.

Three companies where Jones worked, Leede Financial Markets Inc., Union Securities Ltd. and Global Securities Corporation, are also named as defendants in Khan’s suit.

I’m curious to see how this one turns out. And I’m happy to see that this story supports my theory that money doesn’t necessarily help the chronically stupid however it does amuse the rest of us.

R&O

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