Since the mega enormous Powerball jackpot was won there has been a lot of news or maybe more like gossip and speculation going around. And to be really precise all of this already existed even before the jackpot was won. After all it was a huge jackpot and the attention that it attracted before, during and after was part of the whole magnetism around Powerball.

New details have surfaced since the jackpot was claimed. The trust fund established by three Greenwich men who claimed the $254 million prize last month will expire in one year and the money will then go into a second trust. State lottery

The three men signed an affidavit the day after a press conference announcing the Putnam Avenue Family Trust as the winner, swearing that the second trust – named the West Putnam Avenue Trust – has no silent partners and that no person ineligible to win the lottery is a member of the West Putnam Avenue Trust. Lotteries

Timothy Davidson, Brandon Lacoff and Greg Sizemore formed the Putnam Avenue Family Trust on November 22nd. The records show that Davidson purchased the winning ticket at a Stamford gas station a day before the drawing. When the three men showed up at lottery headquarters on November 28th to collect their winnings, Davidson first had to sign a document relinquishing his rights to the winning ticket to the Putnam Avenue Family Trust. A lump sum of $103.58 million was paid out after taxes.

Almost immediately after the trust was announced as the winner, rumors circulated that the three men were a front for a party that wanted to remain anonymous. This is not an uncommon way to proceed with such a big amount of funds.

Computer records from the Stamford store show the winning ticket was purchased at 7:20 p.m. on November 1st.

The three money managers, who work at Belpoint Asset Management, denied rumors that surfaced almost immediately after they claimed the money that they were a front for an unknown person who actually had won the lottery but did not want their name to become public.

Up till now they have done what they promised on their first interview of their win. They said that part of the money from this win would go to charity. The trust is giving $1 million to five organizations that support veterans and military members who recently returned from deployments. The first recipients are receiving $200,000 each: The Bob Woodruff Foundation, Building Homes for Heroes, Services for the Under Served, Operation First Response and the Intrepid Fallen Heroes Fund.

Lottery officials have said that it is not unusual for winners to set up a trust for their lottery winnings and that they consider the three men legitimate winners.