TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

MJ's Mom: They're Takin' Every Penny You Make

7/2/2010 10:00 AM PDT BY TMZ STAFF

Katherine and Joe Jackson are set to make a bundle off of their various Michael Jackson business ventures.  But Katherine and her hubby haven't figured out ... someone is waiting in the wings to take away everything they make.

0701_katherine_howard_EX_01a

TMZ broke the story ... Katherine and Joe owe more than $13 million to a South Korean newspaper -- the Segye Times.  The paper gave Joe, Katherine, and Jermaine a $5.5 million advance for a Jackson family concert series that never got off the ground.  The newspaper sued in 1994, won a $4 mil judgment which has swelled with interest to more than $13 mil.

Edwin Bradley, a lawyer for the Segye Times tells TMZ, his client will go after anything Katherine and Joe make -- and that includes profits from Katherine's book, the movie projects she's producing with Howard Mann (pictured right) -- everything.

Ironically, Katherine's allowance from the MJ estate could be in jeopardy, since she's making money off of her son on the side.  But the allowance could actually be protected from garnishment.

We're told the newspaper will go to court on September 14 to try and wrestle money earmarked for Katherine from the MJ trust.  Sources tell us, however, there is a big fat zero in the trust now, because the estate is in debt.

Bottom line ... Whatever Katherine makes outside the estate will probably end up lining someone else's pocket.

144 COMMENTS

No Avatar
92.

Mimi    

@ OhWell wrong Mimi nitwit

1487 days ago
93.

Mimi    

Another great article if anyone cares to read it.
This is from the Huffington Post, written by Charles Thompson

A quote from the first commenter:

Quote:

As a former member of the media, (I was a writer for The Philadelphia Tribune which regularly covers Jackson and his family) I can truthfully say that I am ASHAMED and APPALLED at my former colleagues' behavior. This is not journalism. This is just a rehash of gossip, lies, and innuendo that serves only to get a rise out of the reader to make Michael look forever guilty even as he tries to rest in peace. The should hang their heads in shame as they hang up their keypads and laptops. Thank you, Mr. Thomson for an enlightening article. I will forever support you in your efforts. Anything for Michael's sake.

http://www.huffingtonpost.com/charles-thomson/michael-jackson-its-time_b_482176.html

1487 days ago
94.

Sam    

JANET IS FAWKIN RICH, CANT SHE HELP JUST A LITTLE BIT?? WHATS THE POINT ON HAVING SHILDREN IF THEY GROW UP AND IGNORE YOU? MJ , THE CHICKEN WITH THE GOLD EGGS IS DEAD NOW, HE CANT HELP, AND THE OTHERS...NO COMMENT.

1487 days ago
95.

susie    

MiMi Put The Bottle Down.

Posted at 12:20 PM on Jul 2, 2010 by OhWell
_______________________________________

And you have to test the blue pills OhWell, Deb is coming....
Good luck!
Noses ;)

1487 days ago
96.

Alice(from Romania)    

"Moon shines down on this good evening
One warm kiss in the cold night air
For this good love i'm recieving
I'd go anywhere
Just as long as you were there

And maybe the walls will tumble
And the sun may refuse to shine
When I say, I love you
Baby you gotta know
That's for all time
Baby you gotta know
That's for all time"
http://www.youtube.com/watch?v=JYpi4cPD4rc
L.O.V.E and Miss MJ

1487 days ago
97.

neither of these two sluts    


michael was a very pure person. maybe some people cant believe that a person with that wealth and fame would be a kind hearted person becasue they wouldnt be , but he was the real deal.
he was a trusting person and a huge target.
if anyone reads the testimony and cross examination by mr tom mesereau of atty feldman on april 1 2005 you will find that it not only vindicates him of the 2005 garbage but also the 93 issues.
it is mapped out so even a six year old can follow how michael was set up by unscrupulous lawyers and a few greedy families...
fourteen bull**** counts ,,innocent on all of them
rest in peace and harmony michael


WHAT DRUGS DID YOU TAKE? MICHAEL PURE...PLEASE HE WAS A JUNKIE FULL OF DRUGS...NO MATTER WHAT 59% OF PEOPLE THINK OF HIM AS A PEDOPHILE...AND HE WAS NOTHING BUT A MANIPUKLATING PIECE OF CHIT...THAT GOT WHAT DE DESERVED....SEEMS LIKE YOU ARE ONE SAD PERSON IDOLIZING SOME WIERD PEDOPHILE JUNKIE! YEAH HE WAS PURE.......PURE B.S.! he is in hell sitting next to his mentor...satan!

1487 days ago
98.

susie    

"If I ever saw an angel, it was in your eyes".

LOVE AND MISS YOU MICHAEL

1487 days ago
99.

dizzydiana    

check out Dr Treacy remembers Michael Jackson (humanitarian) on you tube, also message for m.j. justice by William wagener on yt
@oh well and electric zipper you are funny/you are funny not. i hope you don't think like this on everything if you're just making a joke i can forgive you but if you are eaten up with awful thoughts then god help you

1487 days ago
100.

lori    

Here is the deal what happened to the 5.5 million? O.k. the concert deal did not go through (I am sure its jermain and Joes fault) but you spent the 5.5 million anyway? Slim buckets the whole damn family. They think because thier last name is Jackson they can steel from folks? They all make me sick. I hope they do have to pay it all back

1487 days ago
101.

emh081669    

I just wish these people would go away. The reason MJ was so far in debt was keeping up his, and his families extravagant life style. Those kids are going to have to be home schooled their entire life, for they will be bullied if put in any type of school!

1487 days ago
102.

Alice(from Romania)    

Tellit...if you are here..i made something for you :)
Have a nice end of the week.
http://www.youtube.com/watch?v=2JAog7YlICE

1487 days ago
103.

Daphne     

Just read this article & this is a small excerpt:-

$300M AllGood Lawsuit Against Michael Dismissed

A federal judge in Manhattan dismissed most of a $300 million lawsuit accusing Michael Jackson’s proported ex-manager and AEG, the promoter of Jackson’s “This Is It” tour, of cutting another promoter out of a deal to produce the return concert for the King of Pop. AllGood Entertainment sued Frank Dileo, Jackson’s alleged manger, along with Dileo Entertainment, AEG and the special administrators of Jackson’s estate, John Branca and John McClain.

1487 days ago
104.

Lu    

I think it is disgusting that more likely than not that Joe pushed Katherine into making all these deal just so he could pocket the money. This action is a true testment of what kind of monster Joe Jackson really is. That bastard never ever cared for his son. While MJ was alive, the bastard wouldn't dare use MJ's name to make a profit but now that MJ is gone... well... the proof is in the pudding! It is a wonder why MJ never wanted his "dad" to be involved in his business. Why do you think he named John Branca and John McClain as Administrators to his Estate? MJ obviously trusted those men to keep his Estate running as it should and to protect it. Evidently, MJ doesn't trust his own family to run his Estate -- especially his father. Everything Joe does is shady. Look at the characters Joe hangs around with! For pete sake, he hooked his own wife with a porn star director. Seriously, MJ's name is going to be tainted along with the legacy that he left behind. WTF?!

1487 days ago
105.

blackbutterfly    

RIP Michael. I know you are with the angels.

the haters can say what they want but we'll see how many people love you when that new CD comes out in November. It's a dam shame that some people are just simply stupid and it makes them feel good to say horribles things about someone who is LOVED all around the world. MICHAEL WAS INDEED PURE! from the inside out. he was not perfect, but he did not do the things the haters insist on believing. with all the evidence available!?!? but it's ok, because you really truly do not matter at all, probably not even to your mother.

1487 days ago
Previous 15 Comments | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Most Recent | Next 15 Comments

Around The Web