Powerball Winner Is Jared Price Of Chino Hills, Claims Fake Site: 27-Year-Old Hedge Fund Manager Grows Richer

Jared Price from Chino Hills is the name of a Powerball winner from Chino Hills, California. At least that’s what a website named United Media Publishing is claiming. Their article, titled “27-Year-Old Hedge Fund Manager Wins Powerball Jackpot,” got so popular that it made it to the “What’s Hot” list from Alexa, an Amazon company.

The website was so busy for a while that only a Google cache of the NSFW site was available to see, as it claimed the rich Price was one of the three winning Powerball ticket holders. Of course, the story was designed to draw ire, by claiming Jared is a wealthy guy who won the Powerball, with Jared allegedly already having money to burn.

“That lucky person is 27-year-old hedge fund manager Jared Price from Chino Hills, California, a suburb of Los Angeles. According to lottery officials, Jared is one of three winners of the $1.5 billion jackpot, the largest in history. Mr. Price won by correctly matching all five numbers and the Powerball.”

The hoax story drew comparisons to “Pharma Bro” Martin Shkreli, the most hated CEO, who was arrested for fraud after jacking up the price of a very-needed medicine, as reported by the New York Daily News. The viral article stole elements from the Martin story by claiming that Price would use his Powerball winnings to possibly purchase the next Wu Tang album, something that Shkreli famously did with his monies. Price supposedly said he didn’t have specific plans for his Powerball winnings, but that he had selected to receive his Powerball winnings in 30 installments.

“I just want to be a normal man,” [Jared] said. “Maybe I will buy up the next Wu Tang album, or buy another yacht. I already have more than anyone would ever need, so this is just icing on the cake,” [Price] continued.

However, as some folks left outrageous comments, not knowing that the article was fake, some of the Facebook page comments let people know that the site was fake. That didn’t stop the website from attempting to pass off an article about an already rich guy becoming richer through winning the Powerball.

“According to the local ABC News affiliate, Price, who according to Forbes is one of the richest ‘Under 30’ making millions of dollars as the head of Spiegel International, bought 15,000 Powerball tickets for $30,000 before Wednesday’s drawing. ‘I picked my own numbers for the ticket,’ he said. ‘They were all random. Whatever numbers come into my head I pick. I never play the lottery, so this is all new to me.'”

While some commentators claim the article initially stated that the winning ticket bought by Jared was purchased from a Chevron station in Chino Hills, the article as it stands now claims that the winning ticket was bought from a 7-Eleven. That 7-Eleven store has been in the news because of the impromptu celebration that broke out at the store once it was announced they’d sold a winning Powerball ticket.

“Price purchased his winning ticket at a 7-11 station in Chino Hills, California. The owner of the store that sold the winning ticket will receive a $1 million payout, according to lottery officials.”

As seen in the above photo, the man pictured is Balbir Atwal, the owner of the Chino Hills, California, 7-Eleven store at the center of plenty of news stories since it sold one of the winning Powerball tickets. Balbir didn’t know his store had sold the winning ticket until he saw it on TV. Now the Chino Hills 7-Eleven owner has been presented with a $1 million check on Thursday for selling the winning Powerball ticket, reports KTLA?.

[AP Photo/Nick Ut]