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London Banker Exploits Texas Lottery for $57 Million Scam

4/17/2025

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Summary

Story summary

A London banker orchestrated a scheme to exploit the Texas Lottery, resulting in a $57 million jackpot in spring 2023.
The operation involved printing tickets from various locations, including a former dentist's office.
Australian gamblers Zeljko Ranogajec and Bernard Marantelli financed and executed the plan.
Investigations ensued, with Texas officials criticizing the Lottery Commission for enabling the scheme.
The winners maintained anonymity via a Delaware partnership, claiming adherence to legal requirements.

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Story summary

A London banker orchestrated a scheme to exploit the Texas Lottery, resulting in a $57 million jackpot in spring 2023.
The operation involved printing tickets from various locations, including a former dentist's office.
Australian gamblers Zeljko Ranogajec and Bernard Marantelli financed and executed the plan.
Investigations ensued, with Texas officials criticizing the Lottery Commission for enabling the scheme.
The winners maintained anonymity via a Delaware partnership, claiming adherence to legal requirements.