A fool and his money are soon parted, even if we’re talking about Lotto millions. Alex Tabarrok of Marginal Revolution wrote a post about the predictable results of lottery winners mishandling new-found wealth. In it, he links to a Mail Online story about a British trashman who blew through his lottery winnings and returned to hauling trash. An excerpt:

“He became the self-proclaimed king of the chavs after turning up to collect his £9.7million lottery win wearing an electronic offender’s tag.

But eight years on, having blown all that money, Michael Carroll is practising for a return to his old job as a binman.

The 26-year-old, who squandered his multi-million fortune on drugs, gambling and thousands of prostitutes, has since February claimed £42 a week in jobseeker’s allowance.

But he is keen to get off the dole and back to earning £200 a week collecting rubbish near his home in Downham Market, Norfolk.

The father of two told The People: ‘I can’t wait to stop signing on and start getting paid for doing a proper job like normal people.’”

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Documentary about Lotto “winner” Michael Carroll;

• Part Two
• Part Three