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Powerball Trio Deny Fronting for Real Winner

GREENWICH, Conn. – The three Greenwich financial advisers who claimed a $254 million Powerball jackpot Monday issued a statement Tuesday denying speculation they were fronting for a client who was the actual winner.

A public relations spokesman for the trio said “… to be clear, there are a total of three trustees, and there is no anonymous fourth participant.” The statement came from PR exec Gary Lewi on behalf of Putnam Avenue Family Trust, which was created by Brandon Lacoff, Greg Skidmore and Timothy Davidson before they came forward to claim the jackpot. The three are executive with Greenwich wealth management firm Belpointe.

The winning numbers were announced Nov. 2, but the trio did not reveal themselves as the trustees for the trust until Monday morning. After taxes, the trust will receive nearly $104 million. The jackpot is the largest ever in the state and the 12th biggest in the history of Powerball.

The speculation about a fourth party was sparked by Tom Gladstone, a longtime friend of Lacoff's, who said in an article in the Stamford Advocate on Tuesday that the trio were fronting for the real winner of the jackpot.

“While there has been much speculation and quite a bit of misinformation over the last 24 hours, the trust, with its three trustees, has been established to manage the winnings in the most practical and expedient way possible so that we can achieve our strategic goal of helping those who can best benefit from these funds,” said Lewi.

The trustees said they will give out $1 million to veterans organizations in the tri-state area over the next 10 days.

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