Issue of anonymous trusts as lottery winners to be studied

By ANGEL RIGGS
World Capitol Bureau

OKLAHOMA CITY — A committee established by the state Lottery Commission will determine whether anonymous trusts are allowed to receive winnings, officials said Tuesday.

To maintain the lottery’s transparency, the names of lottery winners are considered public information. However, this year the winners of two major prizes, including a $101.8 million jackpot, have remained anonymous by forming a blind trust to collect their winnings.

That creates a problem for lottery officials who determine the eligibility of the winners, including whether they owe taxes or child support payments.

Jim Scroggins, the lottery’s executive director, told commissioners that he understands why some people would want to collect their winnings anonymously. Read more…

Wednesday, November 22nd, 2006 Uncategorized Trackback URL for this entry

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