So, what's new with the King of POPped?

by Nathan Natas 3 Replies latest jw friends

  • Nathan Natas
    Nathan Natas,2933,187406,00.html

    Jacko Back in California as Neverland Closes
    Thursday, March 09, 2006
    By Roger Friedman

    Attention creditors and the state of California: Even as his Neverland ranch has been shut down today by authorities, Michael Jackson is back home in Encino after a nine month self-imposed exile.

    Sources tell me exclusively that Jackson has been back at his family home in Encino for a day or so. He did not return to Neverland because he owes the staff back pay from Dec. 23, 2005.

    This column has been the first and only to chronicle the lack of pay and insurance at Neverland. Reports today that California authorities finally figured out that there was no insurance at Neverland are pretty amusing. We've told you repeatedly for weeks that Neverland was about shut its doors. Wire reports today say that 30 employees have filed official complaints with the state labor authorities.

    Readers of this column knew that weeks ago.

    Some good news, though: Jackson returns to the family home in Encino with his mortgage payments up to date. Sources tell me sister Janet Jackson brought his $2.2 million loan current on February 10. The mortgage holder is relieved they don't have to foreclose. Janet Jackson also brought up to date Jackson's overdue payments on storage facilities in Buellton, Calif.

    But Michael Jackson is in big, big trouble now. The state fined him $69,000, or $1,000 per employee, for allowing his insurance to lapse. He's also been levied $100,000 in fines for not paying the employees $306,000. That comes to $475,000, which Jackson does not have.

    I do feel a little like Rodney Dangerfield here. For weeks I've told you in this space that Jackson was heading for a colossal financial disaster. Well, it's here, and so is he. Jackson's arrival in Encino signals a total break with Prince Abdullah of Bahrain who was underwriting the singer's extravagant lifestyle since last year. At the same time, Jackson faces imminent foreclosure on $270 million of loans guaranteed by his 50 percent ownership in Sony/ATV Music Publishing, aka the Beatles catalog.

    More tomorrow, including the news that Jackson's year 2005 civil attorney, Brent Ayscough, has filed a breach of contract suit against the singer in Torrance, Calif., as of Feb. 21, 2006. And that's not all. Tonight, even as you read this, Jackson's employees who are still talking to him are headed to the Encino house for a meeting.

    Our flies are on the walls.

  • luna2

    Good lord...he's gonna be living with Mommy and Daddy for the rest of his unnatural life if things don't improve. What a mess he's made.

  • Virgochik

    Mebbe when 306 Furman sells, the Borg will pay Brother Jacko back some of the money he donated.

  • MsMcDucket

    I can't imagine having BILLS like that! I would love to have a sister like Janet. She's putting out a lot of dough for her brother. They say Latoya is the next richest, after Janet. I wonder if she's going to start backing him up, too.

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