ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Teacher wins a house worth $2.6 million in lottery, but ends up with $6,600 instead due to a loophole

She was only offered $6,600 as a “goodwill gesture” for being the winner. 
UPDATED DEC 6, 2024
Representative image of a woman receiving house keys (Cover image source: Pexels)
Representative image of a woman receiving house keys (Cover image source: Pexels)

A schoolteacher from Radford, Nottingham, UK was left heartbroken after she was denied over a $2.6 million (£2 million) house that she won fair and square. Loretta Buchanan, who participated in the "Win My Home" contest, was paraded as a winner in a video posted on the contest's now-defunct website, per Daily Mail UK. Buchanan, who was knocked off her feet, was excited to finally move out of her cramped flat. However, when the time came to move, her prize was denied by the contest due to technical issues.

Representational image showing a lottery game (Image source: Pexels | Anderson Rodrigues)
Representational image showing a lottery game (Image source: Pexels | Anderson Rodrigues)

A loophole shattered her dreams of owning a house

As per reports, the terms and conditions on the contest's website said that in case the company fails to reach £2.5 million (~$3.3 million) of net sales in lottery tickets, then the winner will only receive 50% of the net proceeds. 

Further, as per emails reviewed by Nottinghamshire Live, the competition organizers claimed that in Buchanan's case, they made a loss as they spent nearly £200,000 ($267,000) on "marketing costs" and didn't sell enough tickets to cover it. So only £5,000 ($6600) was offered as a  “goodwill gesture” to the winner. 

Speaking from her cramped council flat in Nottingham, Buchanan told MailOnline: "I was promised a new home, but I got the booby prize." She said she won the property fair and square but was badly let down and left devastated. 

Buchanan told Nottinghamshire Live that two people came to her residence and said she had won the contest. However, when she asked for the keys, they told her that she hadn't won the home and could only get the compensation.

Representative image by Freepik
Representative image showing keys to a house (Image source: Freepik)

"I entered it thinking this could be a new start, maybe it might happen," she said. She further added that she got messages on social media from people congratulating her on her win and when she told them she hadn't won, they thought she was lying. 

"I need everyone to stop saying congratulations. It's not that I'm not grateful for the £5,000," she told the local news outlet. 

A twist in the story

When MailOnline reached out to the owner of the property Elliott Andrew, he claimed that there was no link between him and the organisers of Win My Home. However, the publication later learned that Andrew was dating a glamorous Ukrainian businesswoman, Yevheniia Levytska, who was the sole director of Win My Home. 

Andrew later told MailOnline that the firm had approached him to raffle off his property, but no agreement was reached. However, he didn't explain why Win My Home was registered at his address when it was founded.  



 

The publication also concluded that it was Andrew's partner Levytska who came to Buchanan's house in a flashy Tesla car to inform her about the win (loss). Thus, the school teacher told MailOnline that she was speaking to a lawyer about taking legal action against the company to get justice. 

"The competition is a scandal and should be investigated, and I am now looking to see what rights I have with the Financial Ombudsman," she said. She also warned anyone looking to participate in the contest or any such similar competition in the future.

This article originally appeared 2 months ago.

MORE ON MARKET REALIST
There was no official announcement or statement by the company about the move.
1 day ago
He also cautioned that investors are ill-prepared for the challenges that lie ahead as the AI cycle enters a "more dangerous phase."
1 day ago
The price point of these passes may come as a surprise to some as prices of necessities are rising.
1 day ago
The contestant did his best but was not able to get the correct answer in his ten seconds.
1 day ago
He tore the President apart in a video on social media, making his disapproval known.
1 day ago
The faulty products could lead to serious harm and may even result in death in the worst case.
2 days ago
The report paints a picture of how the future of work may look like.
2 days ago
Some of the largest Fortune 500 companies across sectors have announced job cuts this year.
2 days ago
The rise in AI stocks has been triggered by remarks made by Fed officials indicating a greater chance of a rate decrease next month, he warned.
2 days ago
The Iceberg Index suggests AI could have a $1.2 trillion impact in wage value.
3 days ago
The experts addressed that after 11 months in office, Trump is seen as accountable for the economy and inflation rates.
3 days ago
According to Wright, the growth in property prices will be "flat" by year's end, with a continuing slowdown already apparent.
4 days ago
The matter of healthcare has become a part of the wider affordability issue Americans face today.
4 days ago
This was perhaps one of the rarest instances in the show's long and storied history.
4 days ago
While share prices are down, there are a lot of things that one needs to consider before investing
5 days ago
Ray had given his twin a piece of advice, but he emphasized the importance of having fun on the show.
5 days ago
The contestants did not let the host off the hook easily, and Harvey was not too comfortable.
5 days ago
This is not a good look for the supermarket chain as infants' lives are at stake.
5 days ago
The protestors have voiced their concerns over the companies bowing down to the President's demands.
6 days ago
Albert Edwards has warned that there are some key elements which will make the fallout worse.
6 days ago