The fall of MJ empire- Janet to bail him out AGAIN

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alicia-w
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The fall of MJ empire- Janet to bail him out AGAIN

#1 Postby alicia-w » Wed Feb 22, 2006 1:30 pm

Michael Jackson’s fabled llamas, long the subject of jokes, are gone. So are his camel, an alpaca and a bunch of other animals from his private zoo at the Neverland Valley Ranch.

They were removed over the weekend, says a source, and it’s not clear which facility took them. Last week, I told you that representatives from Marine World had come to look over Jackson’s menagerie.

Jackson is being sued by his veterinarian, Dr. Martin Dinnes, for $91,000 in owed fees.

At the same time, tomorrow will mark nine weeks since any of Jackson’s California employees have received paychecks. Electricity and gas at the ranch have been cut back severely, and many of the employees have gone off in search of second jobs.

Nevertheless, Neverland still has elephants, tigers and orangutans in cages. It’s not clear how much longer they will stay on the premises.

Jackson, meantime, parties on at the four-star Dorchester Hotel in London, as bankers, lawyers, and record executives try to resolve his huge financial issues.





http://www.foxnews.com/story/0,2933,185638,00.html
Last edited by alicia-w on Wed Mar 15, 2006 9:58 am, edited 2 times in total.
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#2 Postby HurryKane » Wed Feb 22, 2006 1:41 pm

I'm not at all sad for Jackson, but I am for the piddlin' employees and the critters left behind.

Not overly sad for his entourage or lawyers, either.
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#3 Postby alicia-w » Wed Feb 22, 2006 1:42 pm

That's what I meant. I feel bad for his employees who havent been paid and for all those animals. I feel sorry for his children too.
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#4 Postby george_r_1961 » Wed Feb 22, 2006 2:14 pm

What is wrong with this story? He cant pay his employees yet he can afford a hotel room to party in? :roll:
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#5 Postby alicia-w » Wed Feb 22, 2006 2:16 pm

sounds like a class action suit to me. but he's not in the country and how do they force him to pay? what a LOSER.
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#6 Postby HurryKane » Wed Feb 22, 2006 2:22 pm

george_r_1961 wrote:What is wrong with this story? He cant pay his employees yet he can afford a hotel room to party in? :roll:


I'm not sure where he's getting the money to party in Dubai, unless they're letting him stay on his incredibly shaky credit. Back in June he still owed BoA a quarter of a BILLION dollars, and that's only one of his debts.

Dude crazy.
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#7 Postby alicia-w » Fri Mar 10, 2006 7:52 am

So what happens now? Can the state impound the property?

Workers barred from Neverland Ranch
Insurance for 69 employees lapsed in January

The Associated Press
Updated: 7:16 a.m. ET March 10, 2006


LOS OLIVOS, Calif. - The state barred workers from Michael Jackson’s Neverland Ranch on Thursday and fined the singer $69,000 because the estate’s workers compensation insurance policy had lapsed.

The “stop order” was issued after a worker reported Tuesday that a co-worker who had been injured did not have the state-required health coverage, said Dean Fryer, spokesman for the California Department of Industrial Relations.

Regulators determined coverage for 69 employees at the Santa Barbara County ranch lapsed Jan. 10, Fryer said.

“In effect, it shuts them down,” Fryer said.

Jackson and his immediate family may still live at Neverland, however, and he could keep the ranch running by hiring an outside company whose employees are covered by workers compensation, Fryer said.

A call to Jackson’s spokeswoman seeking comment was not immediately returned.

Jackson, 47, has lived in the Persian Gulf nation of Bahrain since being acquitted of child molestation charges last year. A call to his spokeswoman seeking comment was not immediately returned Thursday.

The 2,600-acre ranch boasts amusement park rides and has been home to elephants, giraffes, snakes, orangutans, tigers and a crocodile. Fryer said local animal welfare agencies were notified of the shutdown so they could make arrangements to feed and care for the animals.

The ranch operators have five days to appeal the order and fine, Fryer said. If workers violate the order by returning to the ranch, the department can seek criminal charges or file a lawsuit.

The shutdown was prompted by the latest in a slew of complaints against the ranch by workers, 47 of whom have complained this year that they haven’t been paid, Fryer said.

On Tuesday, the department sent a letter to an accounting firm that handles Jackson’s business, demanding payment of $306,000 in wages, and an investigation into the complaints is continuing, Fryer said.

A call to a Los Angeles office of the accounting firm Bernstein, Fox, Whitman, Goldman & Sloan LLP was not immediately returned Thursday.

Fryer noted that the department has not heard directly from the worker who was said to be injured, but the report was enough to get the investigation moving. The department hopes to hear from that worker, he said.
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#8 Postby alicia-w » Fri Mar 10, 2006 4:29 pm

somebody help me out here. this guy has 69 employees who havent been paid since December for a total of $306,000???he isnt paying them very much, is he?

he can only hide overseas for so long before his passport runs out and then they should lock him up.
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#9 Postby nholley » Fri Mar 10, 2006 6:20 pm

I heard he was back in the US from Bahrain after his buddy over there got tired of funding him.
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#10 Postby GalvestonDuck » Sat Mar 11, 2006 8:32 am

alicia-w wrote:somebody help me out here. this guy has 69 employees who havent been paid since December for a total of $306,000???he isnt paying them very much, is he?


The way I figured it, it comes out to $4435 per employee. If they haven't been paid since December, does that mean they were actually paid for the month of December? If so, that works out to $2217.50 a month if they're asking for what they missed so far for January and February (the month of March has barely begun so I doubt it's the end of a pay period for that time so far). $2217.50/month sounds pretty good to me. Then again, if they weren't paid for December also, it's a lot less.

However, some of them may not have even had to work much since he's been gone. I doubt there are still kids going to the ranch. So they don't need as much security or entertainment (I'm sure he had to pay someone to maintain and run the train and whatever other rides he had there). I'm sure the animals were still being cared for, so someone was working there. And maybe some of them weren't hourly, but by-the-job employees who only got paid for occasional work, like landscaping, construction, and so on.
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#11 Postby canegrl04 » Sat Mar 11, 2006 8:35 am

Michael Jackson has become a bum moocher :roll:
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#12 Postby alicia-w » Sun Mar 12, 2006 1:52 pm

i read somewhere that the animals were now being cared for by various animal welfare groups.
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#13 Postby coriolis » Sun Mar 12, 2006 2:09 pm

Does he still own the rights to the Beatles catalog? I would love to see him have to relinquish that.
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#14 Postby James » Sun Mar 12, 2006 3:28 pm

I read this morning in the paper that he does, and apparently Paul McCartney and Yoko want the rights back, as they were reportedly not very happy about the way he bought them behind their backs.

Another twist in today's paper is that he has made enquiries about buying a grand manor house in the English countryside. With what money I have no idea. :?:

He wants his head looking at, seriously.
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#15 Postby HurryKane » Sun Mar 12, 2006 5:13 pm

Isn't he still in debt to Bank of America for a loan in the hundred(s) of millions?

Dude's straight up crazy. Why anyone will deal with him financially at all at this point, I do not understand.
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#16 Postby alicia-w » Wed Mar 15, 2006 9:05 am

Janet Jackson Will Bail Out Michael -- Again

Janet Jackson's brother Michael will not be singing "What Have You Done for Me lately?" to her after today. Janet has arrived at her family's home in Encino, Calif., with her business advisers. Their goal: to bail Michael out of his current monster of a predicament: pay his employees and restore the insurances that have lapsed at Neverland.

Poor Janet: she should know that no matter what guarantees are given, Michael Jackson never repays a loan. He considers all such agreements "gifts" and his signature on loan papers, as demonstrated in the past, is meaningless.


This has been an expensive week for Janet, who usually has little to do with her family. She had to make about $80,000 in mortgage payments so that private investors couldn't foreclose on her family home. She also forked over a goodly amount for a funeral for the Jackson 5's drummer, Johnny Jackson.

Sadly, none of her brothers or other family members has made a living doing anything except living off Janet or Michael all these years. And now Michael, without the Prince of Bahrain to help him, is out of luck. It all falls on Janet, an actual pop superstar who is readying an album for fall release.


And one thing is certain: Janet is doing this for her beloved mother Katherine. She doesn't want her to have to start making beds and tuna fish sandwiches for all the "boomerang" Jacksons who never moved out of the house.


Janet is not doing it for her father, that's for sure. There is no love lost between Janet and Joseph Jackson since she discovered at an early age that he'd had numerous affairs and had at least one illegitimate child.

Jacko Needs Half a Million ... Fast


Michael Jackson’s singing a new song this morning and it’s not “Billie Jean.” It’s “Take Some Insurance Out on Me Baby.”

Jackson — who sources insist has secretly returned to the U.S. from Bahrain — is in bigger trouble than he was in even last year when he stood trial for child molestation.

And his financial problems are different and more perilous than just what to do about the Beatles catalog.

This time, Jackson has just four days to come up with just under half a million dollars — or else.

California labor officials used Jackson’s lack of insurance for his staff as the reason for shutting down his ranch. The 69 employees there have not been paid since December and they no longer have health insurance or workmen’s compensation.

But those very same labor officials may not realize something else: Jackson’s payroll covers more than just the folks at Neverland. It extends to everyone who works at his parents’ home in Encino, which is referred to as Hayvenhurst, as well as miscellaneous employees like his own assistant, Evvy Tavasci.

Not one of those people has been paid, either. And they don’t have workmen’s comp or health insurance. This extends to the maids and cooks at Hayvenhurst, gardeners, etc.

If Jackson is indeed back in Encino — as his associates have insisted to me for the last couple of days — he will have to explain their new precarious situation to them.

According to the way the California Department of Labor worked in the Neverland case, this would mean that starting today, Michael’s mother Katherine would have to make her own meals and do her own laundry. That’s because technically, the Hayvenhurst staff would be barred from working there as well.

And things are worse than just that: in a November 2005 deposition for a $4 million lawsuit brought by Jackson associate Marc Schaffel against the singer, Jackson’s accountant Alan Whitman testified that Jackson has not had commercial insurance of any kind since approximately April 2005.

He doesn’t carry an umbrella policy (although he does like someone to carry an umbrella for him when he walks in the sun). None of the so-called artwork or memorabilia at the house is covered either, meaning Jackson is vulnerable to just about any kind of disaster like fire or burglary at this point.

Meanwhile, Jackson has until Tuesday to pony up nearly $500,000 in back pay and fines or face the wrath of the labor office. That’s one reason why, if he has come into the United States in the last couple of days as my sources say, he may be contemplating sneaking out again. Between process servers for lawsuits, an overdue jury notice and this new wrinkle, Jackson is a wanted man in this country.

Jackson, who likes a good helping of melodrama in his life, comes home to California as many plot lines in his personal soap opera converge. Not only is the Neverland story unfolding fast, but there is also a funeral for the Jackson 5’s drummer, Johnny Jackson (no relation), which his sister Janet has paid for, and a public scandal involving a book proposal his brother Jermaine wrote in which Michael is portrayed as a drugged-out child abuser who himself was abused by his own father.

And then there is the issue of where all Jackson’s money has gone. Readers ask me this question on a regular basis. Jackson is quick to blame anyone else for taking advantage of him.

Now, with the Neverland debacle turning ugly, the expert in the hot seat would be Whitman, Jackson’s accountant. A partner in the Hollywood firm Bernstein, Fox, and Whitman, he has not able to send out the payroll or meet those insurance minimums for months.

But that doesn’t mean that Whitman’s firm hasn’t been remunerated for the voluminous work it has done for Jackson. In the deposition, Whitman testified that since 2003, his firm has reaped $2.3 million in fees from Michael while others have waited patiently.

It’s also unclear whether Jackson has ever actually met Whitman or spoken to him more than once.

And PS: I wrote in a special column last night that Jackson is now being sued by his most recent legal counsel, Brent Ayscough. That is true. However: additional legal papers also show that Ayscough resigned from representing Jackson several weeks ago.

It also seems that Brian Oxman, who continues to volunteer his services to the media as Jackson’s lawyer or spokesman, was fired by Tom Mesereau last September. Now Mesereau has resigned as well from representing Jackson. I will share more about this with you, dear readers, on Monday…


http://www.foxnews.com/story/0,2933,187452,00.html

I think he would have been better off if he'd pled guilty and they'd locked him up....
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#17 Postby HurryKane » Wed Mar 15, 2006 11:00 am

A fool and their money are soon parted...
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