, Corbin, KY


August 7, 2007

David Edwards: Another lottery loser

Don McNay

“The world’s original hard luck story and a hard time losing man.”

 — Jim Croce

In light of increasing media cost consciousness, news outlets can save money by pre-arranging a “fill in the blanks” news story.

 It would say:

 Powerball winner ______________ is in trouble with the law again. This is the _____ time the jackpot recipient has been arrested. 

 There are reports that he/she has spent all of his/her money in _____ years. There have been ______ lawsuits filed against him/her and family members in the past year.

 The media should have the story ready. They are going to use it over and over again.

 The most recent chance to “fill in the blanks” came from Powerball winner David Edwards, who hails from Ashland, Ky. 

 Ken Hart at the Ashland Independent newspaper has written a number of articles about Edwards and his wife Shawna.  

Edwards won a $41 million Powerball and took home $27 million in August of 2001. Six years later, the money was apparently gone.

 Edwards was evicted from his $1.2 million home in Palm Beach Garden, Fla. for not paying his association dues. Shortly thereafter, Edwards was evicted from a storage unit that he was apparently living in. The items in storage were auctioned to pay Edwards’ storage fees. 

His wife was arrested for not paying $17,000 in back child support. She was released and then arrested again; she missed a court date and failed a drug test.

 You would think someone who won the lottery would get it right.  

About a week after Edwards won the lottery, I watched him on television and predicted that he would run through all the money. He had every red flag for disaster.

An out-of-work ex-con, Edwards immediately acquired an entourage and went on a buying spree. He was all over the media, and I remember him saying that he was going to meet with financial advisors.  

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