01/16/2014 06:29 pm ET Updated Jan 25, 2014

Mentally Challenged Man Wins $403K Lottery, Loses It 4 Weeks Later

Dennis Hallinan via Getty Images

Malcolm Ramsey (pictured) won $500 a week for life, after winning the lottery in St. Petersburg, Fla., but he opted for the taxed lump sum of $302,446 after taxes. Four weeks later, the money was reportedly all gone. Now the police have opened an investigation to discover who could be responsible for taking advantage of the mentally challenged man, according to Tampa Bay Times.

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