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GREENWICH, Conn. The three executives who claimed the states $254.2 million Powerball jackpot Monday all work for Belpointe, a financial management firm at 125 Greenwich Ave. The trio Brandon Lacoff, Greg Skidmore and Timothy Davidson are trustees of the Putnam Avenue Family Trust, which was created to handle the winnings.
Belpointe, which was co-founded by Lacoff, provides wealth management services and real estate investment management, according to its website. It is responsible for two major real estate projects: Beacon Hill of Greenwich, a luxury townhouse community; and Waypointe, a development that includes 725 luxury apartments and commercial space.
Lacoff is the managing director of the company and oversees all of its divisions. He previously worked in mergers and acquisitions at Ernst & Young. He co-founded Belpointe, formerly known as Belray Capital, in 1999.
Skidmore is the president and chief investment officer for Belpointe. He is a contributor to the financial website SeekingAlpha.com, hosted a weekly radio show on WGCH-AM called "Greenwich Entrepreneurs" for five years and was once an Olympic hopeful as a member of the U.S. sailing team. He graduated from Connecticut College in 1999 with a bachelor's in economics and history. Skidmore previously worked in equity research and institutional sales at Advest, a former subsidiary of AXA Financial.
Davidson, a senior portfolio manager and wealth advisor at Belpointe, grew up in Switzerland, France and the United Kingdom and earned his bachelor's in economics and languages from the College of William & Mary. He worked as a foreign exchange trader with a French bank early in his career. Davidson went on to advise central banks, mutual funds, hedge funds, high net worth clients and global companies.
The winning numbers were announced Nov. 2, but the trio did not reveal themselves as the trustees for the Putnam Avenue Family Trust until Monday morning. After taxes, the trust will receive nearly $104 million. The jackpot is the largest ever in the state and the 12th biggest in the history of Powerball.
Tom Gladstone, a longtime friend of Lacoff's, said in an article in the Stamford Advocate on Tuesday that the trio are fronting for the real winner of the Powerball jackpot. These claims have been neither confirmed nor denied.
Jason Kurland, the attorney for the trust, said in a video shot during Mondays news conference in Rocky Hill by the Associated Press and placed on The Washington Post's website that a significant amount of the winnings would go to Connecticut charities and that the men will continue to work in wealth management.
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