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Lindsay Lohan's Mgmt Team

She's Hell-Bent On

Financial RUIN

10/25/2012 3:30 AM PDT BY TMZ STAFF
EXCLUSIVE

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Lindsay Lohan
is careening toward financial ruin ... by making stupid business decisions and recklessly stashing her money in unsafe places -- this according to her management team.

TMZ has seen text messages between Michael Lohan and Lindsay's lawyer Dave Feldman, discussing Lindsay's recent promotion deal with an energy drink named Mr. Pink.

As we reported, Lindsay flew out to L.A. earlier this month in order to attend a launch event for the beverage -- just hours after her blowout fight with her mother Dina in NYC.

In the text messages, Michael claims Lindsay was paid $150,000 for the event IN CASH ... which Lindsay then gave to her brother Michael Jr. to hold in his bank account for safe keeping.  Michael expressed fear that Dina had access to Michael Jr.'s account and would raid it for herself.

Dave expresses outrage in response, claiming Lindsay should have looped him and her business manager in to the Mr. Pink transaction in order to provide her more financial protection ... but she never did.

In the messages, Dave says Lindsay was even more stupid for not including her management team on the Mr. Pink deal because -- as Dave says -- they could have gotten her even more money for the job ... but again, she didn't.

As we reported, Lindsay's dad is terrified she has fallen back off the wagon and needs a conservatorship because she can't handle her affairs -- and based on these texts, he might have a point.

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358 COMMENTS

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1.

Eddie    

If Linz keeps it up, soon enough she'll be so broke she'll have to resort to eating her own cocaine boogers. YUM!

699 days ago
2.

Laura    

Is her management team surprised she stiffed them? And what company would pay her to represent them? That's like the kiss of death to have her support your company.

699 days ago
3.

who-me    

This turd loves her johns with flying carpets and cocaine.

699 days ago
4.

OH NO!    

Crazy chicks are still hot! I would bust that taco all up.

699 days ago
5.

harleyharlett    

unbelievable! how is milo helping by selling every single convo about lilo to tmz!!!

699 days ago
6.

Reg    

Cousin It, Thing for you on line 2.

699 days ago
7.

hugh    

This family can just bite me. Seriously.

699 days ago
8.

lilmeg    

Headed towards financial ruin while she's being handed 150K in CASH for doing nothing more than sitting around on her ass promoting some drink?! Boohoohoo, hand me a hanky to wipe away my tears for her. For the rest of us, that's 2, 3, even 4 years of hard work. VOMIT. Celebrity problems.

699 days ago
9.

cherry    

Why is her lawyer discussing her finances with her father tho? did she give him permission to do so? if not he should be fired. Also why the hell would anyone pay her skanky ass 150k to promote their products...

699 days ago
10.

Diamond Goddess!    

1. What money?
2. Why are they talking about it like it MAY happen in the future? She's sukkin' kawk for $$$, people.
More Blohan camp spin.
*eyeroll*
LOL!!!

699 days ago
11.

Yup    

Good! let her go bankrupt; the stupid little whore deserves it. She's been acting like a dumbass for years; her karma's catching up with her...

699 days ago
12.

Reg    

This bitch is going to be 27 next year, the deluded trollop probably is planning its own demise so that it can "go down in history joining the 27 club".What a fvcking pathetic useless waste of space, Hey Linds, here's a heads up for ya,you only wish that you could be included in that club. They would all be turning in their graves at the mere thought of you trying to muscle in on their turf.Why don't you try to be "famous for helping humanity " you piece of wasted space.

699 days ago
13.

Grandma Cracker    

Of course this is how she does her money, it is how she avoids paying taxes or liens against her. Maybe the IRS will take notice of her shady transactions.

699 days ago
14.

I LOVE MY NIPPLES    

Lindsay is voting for Romney! Say what you want but that proves she is a very smart women!

699 days ago
15.

janet    

Oh pleeze cut the crap already. Lohan doesn't have squat. She doesn't have a 'team' professional or otherwise. She doesn't have a 'management team' she doesn't have 'people'.


All Lohan has is her wannabe big mouth lies that backfires on her through all her own fault and her drinking and drug buddies including her mother that's her so-called 'people'.


No way she was paid 150k let alone IN CASH to go to a lunch. Lohan is muleing. Would love to see the deposit slip for the proof.


No big deal when she's out of money she will use all of these non-people to blame.

699 days ago
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