Man hangs self after blowing $10 million jackpot ((CRAZY STORY))

ChrisZimbo

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Mike McIntyre
Winnipeg Free Press
Oct. 4, 2005 05:55 PM

WINNIPEG - Seven years ago, Gerald Muswagon was all smiles as his troubled life took a fairy-tale turn by winning a $10 million lottery jackpot.

On Sunday, Muswagon hung himself in his parent's garage.

It was a shocking end for a man who appeared to have the world at his fingertips, yet clearly never could grasp the instant fame and fortune he was handed through his lucky $2 Super 7 ticket. advertisement

"People are very upset, and this is all very surprising," said his cousin, Mike Muswagon. "But he had been very depressed lately, although he kept that part of him well hidden."

Muswagon, 42, somehow managed to do what seemed unthinkable and spent nearly every penny of his winnings in only a few years.

The former resident of Norway House in northern Manitoba was forced to take a job this summer doing heavy lifting on a friend's farm just to make ends meet while supporting his girlfriend and six young children in their modest Winnipeg home.

"I really wanted him to be set up for life, so he never had to work another day," said his cousin. "He should have been able to do that. But he made some very bad decisions."

Muswagon's spending habits were the stuff of local legend, as rumors began to spread throughout Winnipeg shortly after he won.

Most of them were true - Muswagon bought several new vehicles for himself and friends, purchased a house which turned into a nightly "party pad" and often celebrated his new lifestyle with copious amounts of drugs and alcohol.

In a single day, he bought eight big-screen televisions for friends.

"He didn't have the right people around him at the time, people who could have guided him," recalled his cousin. "A lot of people asked a lot of him."

Muswagon tried starting up his own business only to watch it flop. The company, called Gerald's Logging, was cutting lumber in the Norway House area but was bleeding money because of low sales.

There were other bad decisions, including the October 2000 night in which he led police on a lengthy chase while driving his brand new Chevy Silverado at speeds reaching 180 km/h.

Muswagon pleaded guilty to dangerous driving and was sentenced to three months in jail.

He continued his criminal ways in November 2002 when he repeatedly fondled a 19-year-old woman he had asked to help tidy his house while he mourned the sudden death of his wife, Virginia, only weeks earlier.

This past summer he pleaded guilty to sexual assault and was given three months in jail, which he was allowed to serve intermittently on weekends so he could continue working during the week.

Muswagon's criminal record dated back to 1981 and included seven other convictions for crimes including assault causing bodily harm, drunk driving, theft and break and enter.

Muswagon's lawyer told court that he was a tragic example of how money doesn't necessarily buy happiness.

"Unfortunately, he had a very difficult time adjusting, coming from Norway House with very little education," said Tim Valgardson.

Muswagon's sister, however, insisted he never really changed.

"It was the people around him who changed, and he really began to see how cruel people could be," said Brenda Muswagon.

She said when they were growing up, their live was primitive - no running water, hunting and fishing for food.

"Gerald still liked to do that," she said. "He had everything he needed, and he gave (the money) up to everyone. He didn't need much. He had family. Even if we had nothing, we'd still have each other."

Mike Muswagon said he's convinced many people wanted to see his cousin fail.

"I'm sure people looked at it and said, 'Here's an Indian who's got something good going' and didn't like it."
 
lol o, i didnt find it in my free press tho. wuts wit that? also no rumours had spread around winnipeg that i had heard of, this is the first time id ever heard nethin from this story.

EDIT- jus realised y its not in my freepress, thats tuesdays free press, i don think i hav a copy of it dammit
 
Zimbabwe said:
"I'm sure people looked at it and said, 'Here's an Indian who's got something good going' and didn't like it."
A criminal record like that dating back to 81 and he had somethin good goin 4 him cuz he had money? Why do people always have to turn shit into something racial?
 
The worse thing about it. When you win the lottery in Canada. IT's Tax free. You get the whole 10MIL$

Fuck him anyways, stupid mother fucker wastes 10MIL in a couple of years. Give me that and my children would still have a piece of it when I die.
 
shame about the bad strategizing. if i won 10 mil, i would resist the urge to even spend 10,000 before i hire a financial planner or something. i would put 9mil in those professional saving accounts that give you 8% every year on whatever you put in. so out of 9 mil, every year you can get an 8% payout which is 720,000. so you got 9 mil in the bank, and the interest you RECEIVE every year is nearly a million. and then you still have the first million you didnt put in that you can spend right now. and then basically sit back and once a year collect a big pay check. if you leave this money in the bank and collect interest every year and take only the interest out, its like having a 720k job without doing anything. what a life that would be...
 
Hymnz said:
shame about the bad strategizing. if i won 10 mil, i would resist the urge to even spend 10,000 before i hire a financial planner or something. i would put 9mil in those professional saving accounts that give you 8% every year on whatever you put in. so out of 9 mil, every year you can get an 8% payout which is 720,000. so you got 9 mil in the bank, and the interest you RECEIVE every year is nearly a million. and then you still have the first million you didnt put in that you can spend right now. and then basically sit back and once a year collect a big pay check. if you leave this money in the bank and collect interest every year and take only the interest out, its like having a 720k job without doing anything. what a life that would be...

banks will only insure 100k. no bank will take 9 mill.
 
damn. Poor investment decisions. He probably had the entire 10 mil in 1 bank. When you win big like this, youre suppose to spread it all over. But whatever, at least he lived. Id kill myself too if this happened to me.
 
I feel sorry for the fact that he felt the need to kill himself, but can't find the sympathy in my heart to give for his outrageous spending habits. A fucking idiot he was.
 
Zimbabwe said:
Mike McIntyre
Winnipeg Free Press
Oct. 4, 2005 05:55 PM

"I'm sure people looked at it and said, 'Here's an Indian who's got something good going' and didn't like it."
How racist was that comment?! :eek:
Mafakers are racist against nichee's in this area.
 
Most people who win the lottery blow through it pretty quickly, even the ones who were financially stable before - if you were good with money in the first place, you probably wouldn't be spending it on the lottery.

There was this guy from West Virginia. He was already a multimillionaire with his own business, he hit the jackpot, somewhere in the ~100 million dollar range... he started going everywhere drunk with loads of cash, was constantly robbed, blew cases of money at strip clubs and bars, financed his daughter's drug habit (leading to her and her boyfriend's deaths), etc.

Chasing fast money is evil.
 
MATW95 said:
I feel sorry for the fact that he felt the need to kill himself, but can't find the sympathy in my heart to give for his outrageous spending habits. A fucking idiot he was.



im sure we'd all do the same :rolleyes:
 
PELLA said:
im sure we'd all do the same :rolleyes:

Probably not to that extent, but yes, we probably would begin spending outrageously large amounts of cash on nothing too important. But somewhere we'd find that we needed some self-control and the need to regulate the spending issue would come to the forefront of our minds.
 

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