4 days ago
- General
- Wall Street Journal
A Disabled Veteran Was Getting Publishers Clearing House Prize Money. Then the Company Went Bust.
This February, Tamar and Matthew Veatch were expecting their annual six-figure Publishers Clearing House 'forever' prize payment to arrive, as it had for the past four years. It never came.
The couple, both disabled Army veterans from Cottage Grove, Ore., reached out to the sweepstakes operator and were told that the payment, just under $200,000 after tax, for Tamar's annuity prize would resume in July, on a quarterly schedule. Then, in April, PCH filed for bankruptcy, listing 10 prize winners among its largest unsecured creditors, court records show. Eight of those were owed more than $2 million each, though their names were redacted for privacy. And the promised July payment to Tamar failed to arrive.
