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$254 Million Powerball Winners

November 29, 2011 by staff 

$254 Million Powerball Winners, Members of a wealth management firm on Monday claimed a $254 million Powerball jackpot first announced on Nov. 2.
The 27-day mystery of who won ended when Greg Skidmore, Brandon Lacoff and Tim Davidson appeared at the Connecticut Lottery headquarters and revealed themselves as the trustees for a family trust created to handle the funds.

The Putnam Avenue Family Trust, named after the street address for Belpointe Asset Management, is taking the after-tax lump sum of $103.5 million in cash. It was not clear how many members are in the trust.

A lawyer for the trust said a “significant amount” will go to charity.

Davidson, a portfolio manager with Belpointe Asset Management, bought the $1 quick pick ticket at the Shippan Point Getty station in Stamford. The winning numbers were 12-14-34-39-46, Powerball 36.

Lacoff is managing director of the firm.

The three sat stoically at a conference table sipping bottled water as their attorney answered questions, declining to describe the trio’s relationship with one another, how they came to purchase a $1 ticket together or what they would do with the money, except to say that Connecticut charities would benefit from the windfall.

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