Michael Jackson Was Millions In Debt When He Died
. According to CBS L.A. and the L.A. Times, the revelation was made during testimony Monday (Aug. 12) from forensic accountant William R. Ackerman, a witness for AEG Live in the wrongful death case filed against the concert promotions giant by Jackson's mother, Katherine. Ackerman testified that Jackson routinely spent more money than he made on a lavish lifestyle, charity donations and his infamous "mini-theme park" Neverland Ranch, stating that the singer was three to four months behind on payments for the sprawling estate. "He spent a lot of money on jewelry," Ackerman said. "Consistently, his largest expenditure was interest expense," he added regarding Jackson's enormous financial debts, which included a series of large bank loans. "He spent a ton of money on interest." The Jackson family quickly countered these allegations of irresponsible debt as smear tactics on AEG's part. The family is suing AEG Live for negligence in hiring and supervising Dr. Conrad Murray, who administered what would amount to a lethal dosage of the anesthetic Propofol to the pop superstar. more on this story Radio.com is an official news provider for antiMusic.com.
...end |
Kandace Springs - Run Your Race
On the Blue: New Horizons Cruise Day 1: Marbin Gets the Fun Started
Hot In The City: Prog Band Tu-Ner Coming to Phoenix
Megadeth Announce North American Destroy All Enemies Tour
Asia Announce The Heat of The Moment Tour
blink-182 Lead Inaugural South Star Festival Lineup
Enter Shikari Announce New Companion Record 'Dancing On The Frontline'
Sammy Hagar To Receive Star On Hollywood Walk of Fame
Beatles Legend John Lennon's Lost Help! Guitar Discovered After 50 Years
Paul McCartney & Wings: One Hand Clapping 1974 Live Studio Sessions Available For The First Time