TMZ

Our TV Shows

Got a Tip?

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

Michael Jackson Sued Over Bailout Loan

10/2/2010 9:00 AM PDT BY TMZ STAFF

When most people get a debt consolidation loan, it's usually for about $20,000 -- but Michael Jackson's was for about $300 million ... and now his estate is being sued because of it.

1002_Michael_Jackson_GETTY_REG
The lawsuit is courtesy of a financial consulting company that claims it helped Jackson secure the financing back in 2005 to cover his massive debts, this according to the NY Daily News.

In a lawsuit filed in Manhattan Federal Court on Friday, a company in Bahrain claims it is owed more than $1 million for helping Jackson snag the dough.

Jackson moved to Bahrain after his child molestation trial in 2005 facing deep financial trouble.



81 COMMENTS

No Avatar
1.

Siggisis    

"snag the dough"

I wish I understood....

TMZ brings this story and not the one about Tohme. Why is that?

1481 days ago
2.

angles    

THE LAWYERS WILL HAVE THIS THROWIN OUT OF COURT YOU CAN BE SURE OF THIS WHY WAITE SO LONG TO SUBMIT I ASK .

1481 days ago
3.

Missy    

If they helped him back 2005 then why did they wait 5years later to try to collect their money.

1481 days ago
4.

K    

They 'helped' him, yeah right, when he was at his most vulnerable!!!

1481 days ago
5.

kim    

Hmm, very interesting that other tabloids get a hold of this story first. tmz people falling asleep at the wheel again. could it be that this claim is bogus? just like the one with Tohme? yes tmz where is that story? because it is b.s. will be thrown out of court also.

1481 days ago
6.

DboyDavid    

i mean look at this dude. just look at that picture. thats the weirdo, creeper, child molester so many people love. what the F*ck is wrong with so many people?

1481 days ago
7.

julie    

Whatever happens, we love you Mikey. I love you forever and I miss you greatly. Forever in my heart, Julie

1481 days ago
8.

susie    

i mean look at this MAN. just look at that picture. thats the most talented, beautiful soul and genius so many people love. what the F*ck is wrong with you DumbboyDavid?

1481 days ago
9.

julie    

You tell them Susie! You are right, good to meet a true fan on this thread! WTF are all those haters doing here if they don't like Mike? I really don't get it. THEY are dumb! Who do they think they are to judge us?!

1481 days ago
10.

Siggisis    

It looks as if TMZ made a huge mistake with the lowlife, Matt Fiddes stories. People have left the boards...

1481 days ago
11.

susie    

@julie

There are plenty of fans on this board and 2 or 3 haters. Their words are dust in the wind.

1481 days ago
12.

JB    

#10 edmarine, how do you know he was a pedo? Have you tried to do any research on your own other than the tabloids? Do some reading, you just may find he was NOT a “pedo” but a caring and giving person that was taken advantage of by a couple of greedy people that would do anything to cash in... And by any means - using their own children. I don't think anyone that has children would have allowed MJ stay alive all the years knowing he (allegedly) molested their child. I know I would not have. No amount money in the world would have kept me from taking MJ out. I don’t know if you have children but be honest with yourself, think about it, would you have not done all within your power to make sure MJ never walked the streets again? Don’t let your emotions take over and accuse someone of something when you don’t know all the facts. There is plenty of evidence on the internet that proves MJ was innocent. Again, do your own investigation. Perhaps you will come back with a more open mind and have an intelligent conversation about what you discovered.

1481 days ago
13.

julie    

@Susie
It makes me happy to see that noone forgets Mike. That's why I keep coming on here. And haters must be admirers who are ashamed to open up for some reason.Why would they still come and post comments more than one year after Mike'death?

1481 days ago
14.

Wiley    

Michael Jackson earned $750M last year and is expected to do even better this year and who knows how far into the future. He's not broke anymore. Too bad he's not around to enjoy it. He'll remain the king of pop forever! Britney could probably get a job as his maid or gardener.

1481 days ago
15.

Siggisis    

It is an interesting "detail" about the abuse allegations against Michael, that all the accusers (three) went to LAWYERS to see what was in it for them moneywise. NONE went directly to THE POLICE.
Doesn´t that strike the people who keep saying that Michael molested children as highly STRANGE? Wouldn´t YOU go to the POLICE if your child was molested?
Michael never did anything wrong to any child. Educate yourselves about the cases and you will see that the allegations were FALSE.
And those greedy people KILLED Michael.

1481 days ago
| 1 | 2 | 3 | 4 | 5 | 6 | Most Recent | Next 15 Comments

Around The Web