A lawsuit in Florida claims that the winner's money has earned less than 1% and that she has suffered $10 million in damages.
A pending lawsuit in Florida is a good example of why jackpot winners need to choose wisely when deciding who manages their windfall.
"The money was earning between .02% and .08%," said Greg Anderson, Mackenzie's attorney."Then Gloria was charged $2 million in fees." Among other allegations, the suit claims Madden had no experience in managing that amount of money, and also invested it too conservatively, resulting in low returns.
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