In 2002, nineteen-year-old Michael Carroll, a part-time binman
(garbage collector) from Norfolk won £9,736,131 in the National Lottery. He
tried opening a bank account, but was refused because of a teenage shoplifting
conviction. He set up a £3.9 million investment bond, and was meant to live off
the interest it generated. But that would have taken more self-restraint than Michael
possessed. He began using the principle within a year, and huge penalty fees
were deducted. Michael gave lavish gifts to friends and family, bought new
homes, drugs, parties, jewelry and cars. When bored, he staged amateur demolition
derbies or launched steel balls from a catapult at nearby cars and businesses.
In no time at all, the money was gone. In 2010, he reapplied for his old job as
a binman. He has no regrets about the way he spent his winnings. These days, Michael
bikes everywhere (he’s banned from driving) and works in a cookie factory.
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