A disbarred and over attorney was accused yesterday in federal court on charges he failed to uncover he was living off two $1 million Lottery jackpots when he suited for bankruptcy protection in 2005.
Ex-personal injury attorney James S. Gregson, 39, a father of two young sons, claimed only $200 cash to his name and a reported income of zero before Bankruptcy Court Judge William C. Hillman. Prosecutors said that according to news, he had been collecting $35,000 a year from a $1 million Cash Win Fall ticket since 2002. He collected another $35,000 a year from a $1 million Set For Life scratch ticket in 2003. State Lottery Website says that games became available in 2004, and 2005, so both these dates seemed to be at odds.
Gregson was not very lucky. He bought rights to the annual payments from the actual winners who wanted the bulk of their windfall up front. His accusation on charges of bankruptcy fraud, and filing a false tax does not specify if he negotiated the purchases himself, or went through a company that sells reduced lump-sum settlement. The state Lottery does not comment on the case. Gregson’s father, Saugus attorney of George Gregson, told the Herald that it is fortunate. He is a wonderful kid, but that is just a parent talking. He is not under arrest, his arraignment date in U.S District Court has not scheduled. Gregson as well his lawyer will not comment.
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