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La Toya Jackson

I Didn't LOOT MJ's House

Threatens Lawsuit

10/11/2012 8:30 AM PDT BY TMZ STAFF
EXCLUSIVE

1011_latoya_jackson
La Toya Jackson insists ... she did not raid Michael Jackson's home just hours after his death, pillaging plastic bags filled with cash -- and now, she's threatening to sue a major magazine for saying otherwise.

La Toya has fired off a cease-and-desist letter to Vanity Fair, claiming its recent article entitled "Estate of Siege" is "replete with misstatements of fact, false innuendos, and defamatory insinuations."

According to La Toya's letter, the article falsely claims she showed up at MJ's Carolwood mansion shortly after his death and loaded plastic bags filled with cash into a duffel bag. The VF article goes on to describe La Toya's bf leaving the home in a moving van.

La Toya claims the article describes her visit as a "mad scramble for money" -- strongly insinuating she stole large sums of cash from MJ's house.

According to La Toya ... the allegations are nothing but lies and she wants a full retraction asap.

If Vanity Fair doesn't oblige, La Toya says she'll sue.

71 COMMENTS

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46.

phia    

She certainly is delusional. The camera spotted her at Michael's house.

Regarding the magazine,all the staff must be terrified by her threat to sue them.

636 days ago
47.

Brigha from UK    

(Dunno what happened there - it decided to post before I finished!)
I was saying that the kids will probably end up as Kardashian / Hilton types - rich, famous, but not really happy.

636 days ago
48.

TSIG    

"As for the letter to the executors. Even if the will was declared invalid the beneficiaries remain the same. The family simply want the executors replaced."

Brigha, who do you think the family wants the executors replaced with??? THEMSELVES! They, of course, in their opinion, would be the only logical choice. In that way, THEY would make all business decisions concerning MJ's estate, including what business deals to become involved with and what assets to sell, such as MJ's catalogue. If they sell the catalogue, stating that they believe that doing so would be in the best interests of the estate and beneficiaries, including MJ's kids, their mother will get 40%, which means that when she dies THEY will get the 40%+, since it will have grown substantially. Not to mention the rest of MJ's estate. As executors, even BEFORE their mother's death, they would potentially be paid tens and even hundreds of millions of dollars for making such decisions. They are TREACHEROUS !!! THAT is what they are after! They want themselves named as executors of MJ's estate so they can rake in millions for themselves and sell that catalogue! If they sell the catalogue when their mother is dead, they'll pocket potentially $100 million or more; if they sell it while she's alive, they stand to pocket MUCH more, because 40% will go first to their mother, and then to THEMSELVES after her death (assuming she leaves her assets to her children in her will). After her death, of course, they won't get her 40% of the estate. That is passed on to MJ's kids. Janet et al. KNOW that they can't change the beneficiaries. They realize that's hopeless. What Janet et al. want is to be named the executors so they can have control of MJ's estate, and, believe me, they will NOT be running it to preserve their brother's legacy, good name, OR in the best interests of his children!

Janet et al. say it's not about the money, but it's ALL about the money! "All they want" is for the executors to be removed...so that THEY can be named the executors and can then do what they want with MJ's estate, including selling that catalogue, and rake in potentially tens and even hundreds of millions for themselves., at the expense of MJ's kids AND the charities, which get 20% of MJ's estate, a fact the media frequently ignores.

635 days ago
49.

phia    

Welcome back TSIG and everything you wrote is true.

631 days ago
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