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EDWIN Castro has blown millions of dollars on luxurious purchases since he stumbled into the largest lottery win in U.S. history.
Exactly one year ago, Castro purchased a $2 billion Powerball ticket at Joe’s Service Center in Altadena, California.
He opted for a lump sum of $997.6 million and has been quick to spend his money in the year since the win.
On Tuesday, Castro was spotted cruising into his lawyer’s office in a gorgeous cool green Porsche with an expensive security team right at his back.
He was meeting with his legal team after a man who accused him of stealing the winning ticket was charged with filing a false police report.
The year Castro’s vintage Porsche 911 was designed is unclear, but it’s believed to be a highly sought-after model based on its gorgeous design and pristine condition.
The car started production in 1964 and could be worth up to $250,000.
This is just one of several purchases, Castro has made since becoming a multi-millionaire.
MULTIPLE HOMES
Since winning the lottery, Castro has purchased two homes, including a $25 million place on Hollywood Hills.
The neighborhood got its name for hosting mega stars like Jennifer Lawrence, Ellen Degeneres, Johnny Depp, Katy Perry, and Leonardo DiCaprio.
The home includes a six-car garage for his growing collection of luxury vehicles.
Back where he used to live in Altadena, Castro also purchased a $4 million bachelor pad.
The home has a beautiful Japanese-inspired design and features a stunning and unobstructed view of the San Gabriel Mountains.
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Inside, there are five bedrooms, four bathrooms, and expansive features like high ceilings and white walls.
There is also a game room, wine cellar, movie theater, luxury gym, and a bar.
And this August, Castro was seen at a luxury car show eyeing a $1.6 million Mercedes Gullwing that he could easily add to his collection.
Experts warn that a massive 70% of lottery winners go bankrupt in just a few years after winning, according to the National Endowment for Financial Education.
To combat this, it’s recommended that winners hire a financial planner, lawyer, and tax expert who can help craft a strategy to best utilize the prize.
LAWSUIT DRAMA
When Castro isn’t enjoying his life of luxury, the winner and his legal team are fighting a lawsuit filed by Jose Rivera in May of this year.
Rivera says he was the one who purchased the winning ticket, but lost it after his former landlord Urachi F “Reggie” Romero allegedly stole it.
Castro’s legal team denies the claim, and the California State Lottery also stood by its decision to identify him as the winner.
Since the filing, detectives have been investigating Rivera and accused him of misleading them with illegitimate claims.
But Rivera’s lawyer previously said they were preparing for this and plans to continue fighting for his “rightful claim” to the prize.
“He personally made the claim with the Pasadena Police Department, and he was warned at the time of filing the report [not to waste police time],” his lawyer told The U.S. Sun before charges were filed.
“Jose has been not provided with any updates or copies of any investigation report by PPD.
“He is ready to face charges if that is the course of action that PPD takes. Jose will present his facts of the claim to the court.”
Rivera is scheduled to be arraigned on December 1, 2023 in Pasadena.
In California, the punishment for filing a false report is jail time of up to six months, probation, and fines of up to $1,000.