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I know that this is technically not a lottery question, it's about PCH Sweepstakes bankruptcy .Reply
https://www.nytimes.com/2025/09/12/business/pch-sweepstakes-bankruptcy-winners-unpaid.html
May 25, 2026, 10:48 pm - Brock Lee - Lottery Discussion Forum

I know that this is technically not a lottery question, it's about PCH Sweepstakes bankruptcy .
So, Publisher's Clearinghouse had a Sweepstakes where if you win you were supposed to win millions of dollars for life through an annuity program. They even had an annuity program where when you die someone you chose as your heir, gets millions of dollars until they die. Recently and suddenly, PCH went bankrupt, leaving winners suddenly in financial ruin. One winner won the annuity Sweepstakes roughly 10 years ago and quit his job since he was promised millions of dollars until his death. He was
May 25, 2026, 10:05 pm - Lotto Motto - Lottery Discussion Forum

I know that this is technically not a lottery question, it's about PCH Sweepstakes bankruptcy .Reply
I believe there were a couple of FTC cases where PCH had to send checks to people who ordered magazines. Pch had told people they had to order to be in the sweepstakes. They were always engaged in deceptive practices. More than a few elderly people thought they had won.
May 27, 2026, 9:33 pm - Artist77 - Lottery Discussion Forum

I know that this is technically not a lottery question, it's about PCH Sweepstakes bankruptcy .Reply
Thank you for that indepth detailed link to the PCH Annuity Sweepstakes Bankruptcy. :) I was mistaken when I said he was supposed to get millions until his death, turns out he was getting $260,000 a year before taxes. That's still a very nice chunk of change to live off. There are people who work for 10 years and accumulate around $260,000 minus taxes and he was getting that every year for 10 years and not having to work. He shouldn't have blown his money frivolously.
May 26, 2026, 9:18 am - Lotto Motto - Lottery Discussion Forum