A LOTTO winner blew his whole £17million fortune on a sequence of dangerous investments, however efficiently sued the person who gave him dangerous monetary recommendation.
Sherif Girgis was 23 and dealing part-time in a cinema when he landed ‘s large jackpot prize in 2007.
However the investments had been price it.he trusted to advise him financially drove his fortune into the bottom, after telling him sure
In 2014, Sherif took authorized motion towards former metropolis councillor Russell Poliwka, searching for £1.9million in damages from his losses.
In 2019, the Supreme Court dominated that Russell would pay again about £1.12million to Sherif on account of his dangerous recommendation.
After successful, Sherif spent a whopping £750,000 to renovate a pub, however misplaced virtually his whole funding – the institution misplaced £600,000 over thethree years.
He additionally purchased a West Coast nightclub for a jaw dropping £1.5million.
Sherif dipped his toes into luxury investments as properly, buying an 80ft yacht for £500k.
His disastrous investments resulted within the millionaire shedding the vast majority of his winnings – practically £14million down the drain.
Since successful the lawsuit, Sherif has remained beneath the radar and stored to himself – however he isn’t the one lotto winner to blow his winnings.
In keeping with the Mirror, the previous safety guard fell sufferer to a string of dodgy offers.
Nevertheless, lotto winner Michael Carroll mentioned he would not remorse blowing his winnings on drugs and prostitutes.
Michael was simply 19 when he received £9.7m in 2002 . He spent the subsequent decade partying, blowing the windfall on cocaine and prostitutes.
His spouse, Sandra Aiken, ultimately walked out over his use of name ladies. Michael’s decade lengthy celebration left him penniless however he had no regrets.
Michael mentioned on the time: “I don’t look again with any regrets that’s for positive. It was 10 years of enjoyable for a pound, you may’t go incorrect with that.
“I wouldn’t wish to flip the clock again. However I dwell , free lifestyle now and I’m happier as a result of I’ve bought my life again.”
Mikey used his fortune to travel the world. He binged on booze and cocaine.