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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

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.

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358 COMMENTS

No Avatar
121.

Carelesswhisper    

This chic has never even been "on the wagon" yet! She's never stopped abusing alcohol and probably drugs as well. She's a has-been, washed up and needs to do some serious jail time for the laws she has broken! Enough with this skank already!

538 days ago
122.

Andyconda    

I just love this way too much..
advise for lielo
http://www.youtube.com/watch?v=S-mnYLPxwtc&feature=colike

538 days ago
123.

Rossetta    

Ok, I'll bite! Who, by name, is Lindsey's Management
team? Big problem here, Lindsey is not manageable..No reputable company would have paid her in cash-unless it was recorded in her contract! Who wrotew the contract? Who is the agent? This is all B.S.

538 days ago
124.

Miss J    

Lindsay's biggest problem is not her father, mother, addiction or even her mental issues. Her biggest problem is that she is just 2 stupid 2 raise above it all or even resolve the problem before gets 2 the media. I bet she is not the worst person in hollywood by miles. Hollywood is full of wicked caraters, junkies and abusive people they are just smart enough 2 get away with it. Lindsay is such a screw up that she doesn't get away with the little things such as making a "pocket money" by dishing her team in a simply deal such as the energy drink one.

538 days ago
125.

Danielle123    

Like I've said before, until they allow Lindsay to hit rock bottom, the bull**** will continue. They should start by getting rid of that OJ lawyer that Lindsay has who always manages to get her out of trouble. The media needs to stop following her every move. When she gets into trouble; let her be. That'll show her that no one cares for her and that people are over it. She'll begin acting out more since, as well all know, these celebs crave attention and that's when she'll do something that she can't get out of. These people giving her numerous opportunities need to just stop as they are just as bad as she is. If you know Lindsay's reputation, you cannot hire her and then get mad when she lives up to it (being late, an absolute wreck, etc.) It's been shown time and time again that Lindsay is not going to change, so until the girl has nothing and nobody, she will continue to do the things she does and get away with it.

538 days ago
126.

Miss J    

There is nothing worst than someone who is a bellow average thief and bellow average con. I mean if is her choice 2 be a bich at least do it right.

538 days ago
127.

Andyconda    

if being a CNT was an olympic event she would win the Gold..
is there an even in the 100 yard snort?
50 yard back stroke through a pool of smirnoff..
but she dose have a 20 yard gash for sure

538 days ago
128.

Sapphiegirl    

WHO CARES! LET HER GO BROKE THEN SHE CAN DRINK/COKE HERSELF TO DEATH AND WE WILL NEVER HAVE TO READ ANYTHING ABOUT THIS SORRY WASTE OF OF A HUMAN BEING AGAIN!

538 days ago
129.

Obbop    

Maybe the Precious Princess has enough natural intelligence to earn a living as a professional french fry cooker and packager in a fast-food firm.

The USA elite ruling class would consider her as gainfully employed and thus achieving the "American Dream."

538 days ago
130.

Yup    

Good. Let the stupid little tw*t crash & burn. I hope she goes bankrupt & becomes homeless; she needs to hit rock bottom before she can get well.

538 days ago
131.

Yup    

Yikes; someone's stolen my name (see above).

The reason she's doing this is she wants to keep the money all to herself; she's going outside the chain of business because she's deeply in debt, needs a quick cash infusion & doesn't want to pay her managers any of it. Probably owes her drug dealer & has to pay him off first...

538 days ago
132.

Greg    

The word loser lose your money lose respect .
WE WON'T HAVE TO READ ABOUT THE LOSER ANY MORE.

538 days ago
133.

Greg    

LOSER!

538 days ago
134.

Miss J    

Lindsay doesn't own anymore the most important ingredient for a successful train wreck comeback: SYMPATHY. I don't think people care about Lindsay Lohan. People are just watching her self destruct with a very blasé attitude. I would bet most people don't care anymore but indeed they cared one day. The difference between Lindsay and others train wrecks is that Lindsay doesn't generates sympathy anymore. Britney, RDJ, Drew Barrymore, Axl Rose, Lilly Allen and so many others they had public sympathy. Even if you didn't like their music or acting, even if you condemned their actions they had likeability. Lindsay Lohan's image reached a state that she is dehumanized. Lindsay is treated as an ÏT, as a thing, and not as person. It was not the fact that she had stolen the jewel, have had someDUI's, have kidnapped the boys, fought in nightclubs ... I don't think were necessarily the actions but the ATTITUDE TOWARDS it all. Nothing is worse than a train wreck that does not sees herself as she is, blame everything and everyone around, treats people badly, lie on a nonstop mode and puts herself in the constant position of victim. Lindsay lost the most important thing for a person of public life: the affection and sympathy of the public. Today Lindsay Lohan is just a waste of space in tabloids.

538 days ago
135.

Mr. Grimm    

Poor Lindsay she is just a victim of being spoiled. It must be so hard having everything handed to you in life.

538 days ago
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