The winner of what was then Western Australia's biggest ever lotto prize - $30 million (NZ$31.6 million) - lost his fortune on bad investments including a nightclub, a superyacht and a pub.
Sherif Girgis' story came to light this week when he successfully sued a Perth deputy mayor who he
claimed gave him bad advice on how to invest the money.
Girgis, who was working part-time in a cinema when his life changed forever in 2007, sought help from City of Joondalup councilor Russell Poliwka.
After speaking with the prominent real estate agent, Girgis put his money towards the purchases of a pub, a luxury boat, a nightclub and a block of land with ocean views, The West Australian reports.
But it wasn't long before things took a serious turn for the worse.
