You thought that Suzanne Mullins made the right financial move when she won the U.S. Lotto back in 1993 when she chose yearly payouts instead of the lump sum, says MSN.
But Mullions quickly got the Chris Rock “Pooky” syndrome and couldn’t stop herself from getting a hit every day of that thick stack. She found herself in debt, using future payouts as collateral for a $200,000 loan.
Mullins later switched to a lump sum payout, but never paid back the debt. The loan company filed suit and won a $154,000,000 settlement that was all but worthless—Mullins had no assets.