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A Couple Won the Powerball. Investing It Turned Into Tragedy - WSJ

Jul 12, 2024, 11:21 AM EDT1 sourcesAI-analyzed

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Paul Rosenau won a $59.6 million Powerball jackpot after his granddaughter passed away from Krabbe disease. Rosenau used $26.4 million to fund a nonprofit for Krabbe disease research. Financial adviser Priebe heavily invested in expensive variable annuities, resulting in losses.

  • Paul Rosenau won a $59.6 million Powerball jackpot after his granddaughter passed away from Krabbe disease.
  • Rosenau used $26.4 million to fund a nonprofit for Krabbe disease research.
  • Financial adviser Priebe heavily invested in expensive variable annuities, resulting in losses.

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