Where Does the Money Go?
According to reports, that are just filtering into the net, on the 18th of December Michael Jackson paid a breach of contract lawsuit filed against him by German concert promoter Marcel Avramwas.
That day is significant, as it was the same day that District Attorney Tom Sneddon charged Michael Jackson with child molestation.
It seems that in March 2003 Michael Jackson was ordered to pay over $5M to Marcel Avram, who had actually sued Jackson for over $21M. The action was brought by Avram on the basis that he claimed Michael Jackson had pulled out of two millennium concerts.
It seems that, despite an appeal lodged by Jackson's lawyers, a settlement was made on the 18th of December.
There have been persistent stories about Michael Jackson's diminishing wealth, this payment will have exacerbated the situation (if these stories about his cahs flow are true).