Press Your Luck Madness

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Part of his winnings went to taxes, part of his winnings were invested in real estate in his hometown and the rest was withdrawn from the bank as cash. His real estate deal turned out to be a fraudulent ponzi scheme that cost Larson the money. Larson then took his remaining cash and participated in a "get rich quick" scheme that involved matching a one dollar bill's serial number with a random number read out on a local radio game show that promised a $30,000 jackpot. In a sign of eccentricity and irrationality, Larson withdrew his winnings in one dollar bills in hopes of winning the contest, and upon realizing that he did not have the winning number, would place all the money back in his account and then withdraw it again the next day with a new set of ones to repeat the process all over again. Larson's wife stated that this obsession consumed him.

Approximately USD $40,000-50,000 in the remaining cash was stolen from Larson and his then-common-law wife. Larson was divorced soon after.

In 1994, Larson appeared on ABC's Good Morning America in an interview timed to the recent release of the movie Quiz Show.

Larson died of throat cancer in 1999 in Florida, while on the run from the U.S. Securities and Exchange Commission. He married three times and was survived by three children distributed throughout the marriages.

From: http://en.wikipedia.org/wiki/Michael_Larson

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