Michael Jackson's Trials

Michael Jackson's Trials

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The Ongoing Trials of The Late Michael Jackson

Saturday, March 12, 2005

Stone Broke?

It is reported that Michael Jackson's finances are in serious trouble.

TV networks have cited confidential sources in the Jackson camp, noting that there is chaos in Neverland; pay cheques have been delayed/missed, staff have walked off the job, electricity and phone bills are unpaid and family members have been scrambling to raise tens of thousands of dollars to keep the household together.

Team Jackson deny that there is a problem. However, it is estimated that Jackson's debts may run into millions of dollars.

These debts were incurred before the trial, which is costing a pretty penny in legal fees and time.

ABC News reported that some of Jackson's employees had not had their salary last week. This, the network said, led to an emergency phone conference-call involving various family members; at the end of which Jackson's younger brother, Randy, agreed to raise cash in a hurry.

Other reports indicated that Randy raised $150K, which is allegedly enough to cover only two weeks of expenses at Neverland.

Some estimates put Jackson's monthly outgoings at being around $1M.

Will Tom Mesereau work pro bono?

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