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
Economists feel that Warsh's ability to retain the independence of the Fed will decide his legacy.
8 hours ago
The contestant seemed nervous at one point but she absolutely nailed the game.
8 hours ago
Gold has been touted as one of the safest assets to invest in given the current state of the world.
8 hours ago
Scammers are getting highly innovative and the Super Bowl season is the best time for duping.
9 hours ago
The President recently wrote an opinion piece in which he claimed that his tariffs saved the US.
11 hours ago
The retailer has been at the center of a lot of controversy of late, and this just adds to it.
13 hours ago
Experts warn Trump’s Fed chair pick could be the most 'hawkish' ever
13 hours ago
"Just too bad he was one of those contestants that, no matter how easy it is, you can't put two and two together," fan reacted.
20 hours ago
Federal Reserve Bank of Kansas City estimated 19,000 jobs/month could've been added without tariffs
1 day ago
Rising costs and uneven gains are leaving many Americans financially strained.
1 day ago
The luxury real estate broker argued that the measure would drive billionaires out of the state.
1 day ago
During an exclusive dinner at Capitol Hill on Saturday, the president reportedly did a "roast".
1 day ago
Missing the IRS deadline can lead to rising penalties and added interest charges.
1 day ago
The president says any settlement in his IRS tax records case would be directed to charity.
1 day ago
Expanded SNAP work rules begin, cutting benefits and narrowing eligibility across the U.S.
1 day ago
She said that she had played some golf with her husband from time to time.
3 days ago
The administration failed to do good on the deadline that was set by the courts.
3 days ago
The President claimed that the BLS was run by "weak and stupid people" prior to this.
3 days ago
More than 40 million low-income and vulnerable families depend on SNAP to make ends meet.
3 days ago
If these claims turn out to be true, the Republicans will have a hard time during the Midterms.
3 days ago