Lotto Winner Pete Kyle Joins "Broke in Three Years Club"

This cautionary tale appeared in last Saturday's issue of the British paper, The Sun.

Divorced Pete Kyle splashed out on luxury homes, flash cars and holidays following his jackpot — one of Britain’s biggest ever Lottery wins [£5.1million or about $10 million].

But now he is on the dole after squandering ALL of his massive fortune at the rate of £4,600 A DAY. Now he works as a caretaker at a grubby budget hotel.

What happened to Pete and his fortune prompted an earlier Lotto winner, Mikey Carroll, to write the following letter:

You outdid the Mikey

LOTTO Lout Mikey Carroll has blown almost his entire £9million Lotto fortune.
Here the 24-year-old writes a personal message to fellow winner Pete.

Well Pete, welcome to the club where no one wants to be a member. I have to take my baseball cap off to you — it seems you have managed to outdo the Mikey. My money may have lasted a bit longer, but we definitely have one thing in common, our taste in mates.

I had wondered where all my old mates had disappeared to. Now I know that they spend not only time with you, but spend all your money too!

They are great company though aren’t they?

And after the party is over at least they don’t hang on, oh sorry I mean, hang about for very long. I see you are living in a dingy hotel. I might just think about moving in with you — the sex shop and the tattoo parlour next door sound just up my street.

In fact, that hotel sounds like my old house which like our bank accounts is a total wreck. As for the family, well why live at home when it is far more fun to give money to complete strangers and wasters. After all I gave millions to my family members and it ruined their lives.

So at least your family owe you that, because you have saved them from a life of fighting over your affections, and what little money you have left.

Anyway, if you’re ever up my way pop in and see me.

Maybe we could go halvers on a meal.

Yours sincerely,
MIKEY CARROLL.