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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

No Avatar
46.

Melissa1987    

Michael is a piece of s h i t s***bag.

695 days ago
47.

swack    

It's her money to do as she pleases - let it go Milo, it's none of your business. And if I were Lindsay, I would fire Feldman.

695 days ago
48.

Johnbrnc    

Honey BOO BOO has more class than Lilo any day

695 days ago
49.

STFUP    

Y'know what? GOOD!
-
Perhaps what she really needs is for the 'gravy train' to run out of steam. Maybe that's the only way to put the brakes on her (& Dina's) non-stop, drinking, drugging, clubbing till all hours lifestyle.
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You KNOW she's into lawyers for millions, coke dealers, supporting Dina (& bailing her out on her house 'cuase she snorted all her mortgage money), etc. etc.

695 days ago
50.

ilovegossip    

@Susan

What does the Mr. Pink being a public event have anything to do with the IRS? The question is how the paid spokespeople were paid, not whether or not the event was Public. Do you think they announced to the people at this public event how much each person was paid and how they were paid???

Sheesh!!! Who's the moron now???

695 days ago
51.

mannequin    

Good. When she runs out of money, she'll ask for help. Just let nature take it's course.

695 days ago
52.

janet    

How funny is that...Michael terrified Lindsay has "fallen" back off the wagon. Lohan wasn't off the wagon even in rehab (to avoid jail) Lohans been off the wagon and partying the day she left Sautners court and hasn't stopped since. Lohan likes to party. AND IT'S NOT THE PEOPLE AROUND HER. IT'S LOHAN HERSELF AS ALWAYS. LOHANS SO-CALLED PEOPLE AROUND HER ARE HER DRINKING AND DRUG BUDDIES. INCLUDING YOUR EX-WIFE. THE BLAME IS ON LINDSAY HERSELF. BACKFIRING BIG TIME.


The so-called attempt at intervention a joke, conservatorship is even more of a joke.


Lohan has nothing to look after. Finances or otherwise. She is pushing 27 years old. She is no Britney Spears who's worth well over 100 million dollars. Lohan is not getting 15 million dollar gigs.


Lindsay, Lohans aren't the the Kardashians (just as disgusting but alot more money) not getting 40 million dollar deals.


She's been living way ABOVE her financial means for years. It's simply caught up with her. Was Just a matter of time. Her partying, drinking, drugging, not prepaired, no-shows and the whole list that goes on cost her, her career. She's no longer making the money to afford the 'lifestyle' she financially she can't even come clost to. As always it's not her fault. It's everyone elses.

695 days ago
53.

STFUP    

Lindsay converts her money to powder form and stores it up her nose.
-
I guess nobody told her you can't make withdrawls from there as easily - at least not the types of withdrawals anyone would take in trade for goods or services.

695 days ago
54.

Its Nikki Bitches    

Just give Lindsay a pound of coke and a case of Vodka and let nature take it's course.
The End

695 days ago
55.

Jody    

Lindsay doesn't want to pay the commissions, that is why she didn't tell her business manager and lawyer about it.

On the other hand, the lawyer has no business telling Michael Lohan anything concerning Lindsay. Lindsay needs to find herself another attorney, one that will keep their conversations and business dealings confidential.

695 days ago
56.

themare    

If this were true, it's a classic case of trying to hide money owed to the IRS, creditors and people who win judgements against her. I hope someone tips the IRS about this if it's true.

695 days ago
57.

LLsez    

@andylassner: "I don't really follow politics stuff but I hope being called the Ann Coulter of parenting is a good thing." - Dina Lohan
_____________________
^Andy Lassner, executive producer of thr Ellen show

695 days ago
58.

IceGypsy    

WTF doesn't Michael Lohan get a job instead of selling stories about his daughter to the press every other day.

695 days ago
59.

Canada Guy    

Hiding 150K in CASH from mom, or maybe the IRS. I'm sure they would like to speak to her about that.

695 days ago
60.

Diamond Goddess!    

MiLo's havin' another kid and wants more of LiLo's $$$ for it!!!

695 days ago
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