TMZ

Our TV Shows

Got a Tip?

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

Lindsay Lohan's Mgmt Team

She's Hell-Bent On

Financial RUIN

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

1023_lindsay_lohan
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.

1025_lindsay_pretty_footer

358 COMMENTS

No Avatar
91.

Raymond    

Random thought:


wouldn't be surprised if mgmt/various people ripped her off behind her back, expecting her to OD any day and nobody be the wiser. The "intervention" being an attempt to cover their tracks.


And seeing that didn't work now trying to put the blame on her in a last ditch effort to get off the hook.


Just an idea, given how tempting it might be to "mismanage" a celebrity's finances.

667 days ago
92.

Joan K    

This is one crazy B and she will never change so I guess the world will hear about her dumb azz until the day she screws up big time. I just hope she doesn't take anyone else along with her. To her one or two fans who keep dislikng 99% of the comments, the truth hurts, doesn't it?

667 days ago
93.

vexer6    

Sounds like more exaggerated rumors, nothing new about that. Getting 150,000 dollars for an energy drink hardly sounds like financial ruin to me.

667 days ago
94.

Grandma Cracker    

Uh Oh......gossip on the internet today is that Lindsay was banned from a nightclub and threw a hissy fit last night..........

667 days ago
95.

Andyconda    

Her last porno made $6,000 for a 19 or 20 day shoot..
so I dont see $150,000 paid to a has been..
Honey BooBoo makes more then her for farting her ABCs

667 days ago
96.

George Spalding    

NO WAY she gets $150,000 for LUNCH-Total BS. I'll give her Ten Bucks and a Salami Sandwich for lunch at my place.

667 days ago
97.

RealityBites    

People keep bad mouthing her father, but I think he really is trying to look out for her, that mother of hers just wants to spend her money and do drugs....someone needs to step in soon....very sad!

667 days ago
98.

Miss J    

This shows that Lindsay is not compleetly out of her mind since dishing her mgmt seems a good idea at this point. Why they are discussing her business with Milo dearest? Well one thing is for certain: this family not only was a match made in hell but they belong together. Karma is a good definition.

667 days ago
99.

Andyconda    

she had to spent the "Mr.Stink" money on the Bar Brawl she started last night..she destroyed the mens room demanding her own VIP stall..
and while peeing standing up some stupid guy was in the way taking care of his business in the urinal..
Glasses were flying everywhere until a Nobel bouncer dragged her out of the back alley bar by her albino Rat hair wig..
GOOD TIMES for some one who doesnt club

667 days ago
100.

Miss J    

The thing that gets me is not Milo selling her personal and business life for TMZ. That is expected. Is not also Lindsay dishing her team or making poor choices because that is also expected. The thing that gets me is some energy drink paying her 150.000 just 2 tweet about it and go 2 a party. That gets me because she just doesn't worth it.

667 days ago
101.

NOT ELMO    

LindSICK LowHAND i am sooo proud of you!...................NOT!

667 days ago
102.

Andyconda    

lindsay just sent her butterfly ballet in...since she doesnt do paperwork nothing was filled out just a envelope with crayon drawing of the whitehouse..
Good luck on her vote counting

667 days ago
103.

MADISYN, LIAISON TO THE H8TURDS!!    

I'm not buying the 150K. They 'paid' her in first class private jet, hotel fare to 'party' in LA for a few days, and a little 'walking around' money (ie; DRUGS). If they paid Blohan that, what did they pay the other DListers? For a start up energy drink? I think NOT!

667 days ago
104.

Miss J    

So many people loosing and lost their homes for some energy drink pay this lost case 2 tweet and stand up barely sober for some pictures. Could at least put their money for good use and hire someone that is not a thief and a addict. God must be a comedian.

667 days ago
105.

Obamais still aracist    

this idiot is also voting for Obama with katy parry both nice fcks but no brains

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

Around The Web