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Phil Mickelson Sued By SEC $930k Profit From Insider Info

5/19/2016 7:28 AM PDT BY TMZ STAFF
Breaking News

0519-phil-mickelson-GETTY-02Phil Mickelson made nearly $1 MILLION in the stock market off information stemming from insider trading ... this according to the Securities and Exchange Commission which just sued the golfer. 

According to a lawsuit filed by the SEC, Mickelson got a tip about Dean Foods company in 2012 from famed sports gambler Billy Walters. 

The SEC believes Walters got his information from a longtime friend who was a director at the company. 

But since Phil allegedly took Billy's info -- and made roughly $931k in profits from subsequent trades -- the SEC believes Phil's money was ill-gotten and he should have to forfeit the money to the SEC. 

The SEC believes Phil owed Walters money at the time of the trade -- the assumption is that he urged Phil to make the financial moves to make some money to pay him back. 

Shocking allegations, considering Phil has made more than $79 MILLION in career earnings, according to the PGA. 

Charlie Sheen $40 Million Missing I'm Getting Screwed by 'Anger'

5/19/2016 1:00 AM PDT BY TMZ STAFF

0517_charlie_sheen-tmz-anger_managmentCharlie Sheen signed a sweet and lucrative deal to make millions upon millions off "Anger Management" ... but he's getting ZILCH out of it, and believes he's getting the runaround.

Sources close to Sheen tell us he hasn't gotten a single payment yet from his syndication deal for the FX sitcom ... even though he owns about 30 percent of the show. Charlie made 100 episodes of 'Anger' before production shut down, but the reruns are now being sold in syndication. We're told Sheen feels like he sees it airing "day and night" all over TV, so he's pissed he's not getting paid.

Charlie's saying execs have given him all kinds of excuses -- like the show ran over budget, "unforeseen costs" ... and haven't turned a profit yet. 

Sheen's not buying it and feels he should've already raked in between $30-$40 million. TV insiders think the total deal could ultimately earn him up to $200 mil.  

He's gathering his lawyers for a meeting next week, and we're told Sheen is seriously considering legal action.


Prince Bro's Spawn Enter Money War And Here's Their 'Proof'

5/18/2016 6:19 PM PDT BY TMZ STAFF
Exclusive Documents

0518_prince_gettyPrince's alleged niece and grandniece are officially in the game ... filing documents they believe prove they ARE blood relation to his royal purpleness.

Turns out Prince's deceased half brother ... Duane Nelson Sr. had a daughter, Brianna ... and a granddaughter, Victoria. Both filed documents in Prince's probate claiming they are rightful heirs.

For evidence, they included Duane Sr.'s 1958 birth certificate ... which lists John Nelson as Duane's father -- same as Prince.

0518_john-nelson-lewis-birth-certificate_tmz_wmAs we first reported ... an attorney alerted the court of Victoria's existence. Brianna, on the other hand, came outta left field. 

Family sources tell us Tyka Nelson and the other established siblings have questioned whether Duane was actually blood. The new docs are a good start -- showing Duane's direct link to Prince -- but Victoria and Brianna will most likely have to submit to DNA testing as well ... to get a cut of the inheritance.


Bengals Rookie Tyler Boyd Big Plans for $4 Mil Contract!

5/18/2016 1:18 PM PDT BY TMZ STAFF

He JUST got rich -- but Bengals rookie wide receiver Tyler Boyd says he's already got big plans for the millions of dollars he's about to bring in ... starting with a HUGE expensive dinner for his teammates. 

Boyd reportedly signed a $4 million contract after being selected in the 2nd round of the NFL Draft -- so, we had to ask ... what's the first big purchase gonna be? 

Check out his answer -- his mother is gonna be STOKED! 

But then we asked about the most expensive ritual in pro sports -- the rookie hazing dinner. 

Shockingly, Boyd says he's already got a plan in place -- and is EXCITED to treat his teammates to one of the finest restaurants in town. 

Careful what you wish for ... just ask Jevon Kearse (see video below). 

George Zimmerman Trayvon Gun Sold for Over $120K

5/18/2016 9:53 AM PDT BY TMZ STAFF

0518-zimmerman-getty-02George Zimmerman's auction for the gun he used to kill Trayvon Martin has closed ... and the winning bid topped $120,000.

We're told roughly 7 verified users participated in the bidding war. Zimmerman has to verify the winner and his or her funds before the sale is finalized. The top bidder is anonymous at this point, due to the auction site's rules.

TMZ previously reported United Gun Group decided to pull the listing due to fake bids driving up the price. The site added a private email verification to sift out the fake bids.

There are reports the gun sold for $138k, but we're told that number is one of those fake bids.

Mos Def Tokyo No-Show Talent Booker Sues

5/18/2016 11:08 AM PDT BY TMZ STAFF

0518-mos-def-getty-02Mos Def bailed on 3 shows in Japan and now the company that booked him is going after the people who struck the deal.

Light House says it booked Mos Def for two back-to-back concerts in Tokyo last September, plus a festival gig a few days later. The booking company claims to have signed a contract with Def's agents Rahman Prescott-Bey and Khalil Bey.

Light House says it paid $35k -- half of the $70k total for all 3 gigs -- months in advance, but Mos Def was a no-show in the end.

The rapper was arrested a few months later when leaving South Africa for using a "world passport" after his visa expired ... so it's possible he was having travel issues. 

Light House is suing for their $35k back plus damages.

Master P Sonya Makes HIM Say Uhh ... Has to Fork Over $825k

5/17/2016 5:09 PM PDT BY TMZ STAFF

0517_master_p_Sonya-Miller_tmz_instagramMaster P will not be collecting his reality show payday ... instead the entire lump sum of nearly a million bucks will go directly to his longtime estranged wife.

The judge in their ongoing war over child and spousal support ordered Master P to hand over $825,000 -- his salary for Season 2 of "Master P's Family Empire" -- to Sonya Miller. According to docs, that amount will cover back child and spousal support payments. The judge said the amount will also be used to secure future support.

As we've reported ... Sonya's been griping for years that P refused to give her a cent in support -- even though she was with him when he built his No Limit fortune, now estimated at $200 million.

The judge's order also requires him to pay $15k to Sonya's lawyer.

We've reached to Master P ... so far no word back.

Alanis Morissette Sues Business Managers They Had One Hand in My Pocket

5/17/2016 11:40 AM PDT BY TMZ STAFF

0517-alanis-morissette-tmz-02Alanis Morissette has just made good on her threat ... suing her former business managers for allegedly stealing more than $4.7 million.

TMZ broke the story ... the business management company -- GSO -- filed suit Monday against one of their own partners ... Jonathan Schwartz, who also reps Beyonce and Mariah Carey. GSO admits Alanis was threatening to sue the company because Schwartz went rogue and allegedly stole the loot.

Alanis claims in her lawsuit ... there was a "pattern of wrongful conduct" by Schwartz and GSO. She said her plan when she hired them back in 2007 ... not to spend any of the money but instead to live off the interest.

She says $8 million was wrongfully transferred from her investment accounts, and millions disappeared.

She's suing for more than $15 million.

Tom Cruise Cutting Ties with L.A. Sells Beverly Hills Mansion

5/17/2016 10:40 AM PDT BY TMZ STAFF

0517-tom-cruise-beverly-hills-home-PCN-01Tom Cruise has decided to leave Los Angeles because he's saying goodbye to the estate he called home for nearly a decade.

Our real estate spies tell us ... Tom has sold the 10,000 square foot mansion he shared with Katie Holmes for $40 million. He was asking $45 mil but no takers at that price. Tom still cashed in ... he bought the pad from real estate guru Kurt Rappaport -- who owed it back in 2007 -- for $32.5 mil.

The buyer is billionaire Leon Black, who's worth $4.7 billion. Black owns a private equity firm.

As for the house, it has 7 bedrooms, 9 bathrooms, a tennis court, a swimming pool (of course), a children's playground and a couple of guesthouses.   

The house is currently in escrow. Tom also sold a Hollywood Hills compound back in October for $11.4 million to Eva Longoria.

We don't know where Tom's gonna call home.


Jay Z & Beyonce Aced Out by Tom Ford In Mansion Bidding War

5/17/2016 10:23 AM PDT BY TMZ STAFF

0517-tom-ford-beyonce-jay-z-house-MLS-01Jay Z and Beyonce got outbid again in their search for an L.A. home ... this time designer/director Tom Ford beat them out.

Our real estate sources tell us ... Tom offered $50 million on a Beverly Hills mansion ... he edged out Jay and Bey, who bid $49 mil.

The estate is awesome ... 14,000 square feet, sitting on 3.2 acres and has 9 bedrooms, and 10 bathrooms. It was built in 1934 and owned by the rich and famous, including actor William Powell and 'James Bond' producer Albert Broccoli. The house is in escrow.

And how's this ... Jay Z has a song titled "Tom Ford" where he hypes up the brand.

You'll recall Jay Z and Beyonce lost out on another home back in 2014 ... the one purchased by Minecraft creator Markus Persson.


Rihanna Whiskey Makes Me Spend Crazy

5/17/2016 12:40 AM PDT BY TMZ STAFF

Rihanna's dropping dough all over Texas and one Austin bartender's reaping the benefits. 

RiRi turned up over the weekend at The Lodge on 6th, where she showed the staff mad love. Not that she was boozing out of control -- she had a show the next day -- and her tab was only $82.25.

Still, we're told she left a fat tip of $200 for her barkeep!

Rihanna and her crew weren't there long -- they arrived at 1:15 and stayed until last call, sipping Jameson and Cokes while high-fiving fans. We're told her bodyguards only stepped in to block the restroom when girls tried to follow her.

From bars to strip clubs -- she spends freely, deep in the heart of Texas (clap, clap, clap, clap)!


Alanis Morissette Business Manager Allegedly Screwed Her Out of Millions

5/16/2016 6:47 PM PDT BY TMZ STAFF

0516-Alanis-Morissette-tmzAlanis Morissette was fleeced to the tune of $4.7 million by her famous business manager ... so claims the company where the manager worked, claiming he used the money to fund a lavish and glitzy lifestyle.

GSO Business Management claims Jonathan Schwartz, one of its business managers, took on Alanis as a client, in addition to other famous entertainers including Beyonce and Mariah Carey. According to the lawsuit, Alanis dumped Schwartz in 2016 and hired a new manager, who began investigating where her money went.

The suit claims $4.7 million could not be accounted for, and GSO confronted Schwartz, who told this story ... Alanis told him to withdraw the money so she could invest in a marijuana growing business and he obliged by giving the money to her reps. GSO says his story didn't check out. The suit says Alanis vehemently denies she ever asked Schwartz to invest in the pot biz.

The suit claims Schwartz stole the money to support an opulent lifestyle, including a $50,000 vacation to Bora Bora and paying off a $75,000 gambling debt at a casino in the Bahamas.

The lawsuit doesn't mention Alanis by name -- it just refers to a "former client" -- but sources connected with the singer tell us she's the victim.

According to the suit, Alanis threatened to sue GSO and it wants Schwartz to pay any judgment. Since he was a partner the firm needs a court order, which it is seeking, to kick him out of the firm.

The firm insists Schwartz was acting on his own and was a "disgrace." GSO says Schwartz went rogue and acted on his own, without the firm's knowledge or consent. 

The Game 'Mad' Love for Prince ... $65,000 Worth!!

5/16/2016 4:08 PM PDT BY TMZ STAFF
Exclusive Details

0516-game-price-artworkThe Game is makin' it PURPLE rain in his living room ... thanks to a massive custom painting he commissioned in Prince's honor ... TMZ has learned.

Sources tell us Game hired artist Madsteez the day Prince died and asked him to create a tribute piece. The rapper -- who came thiiiis close to recording with Prince -- picked out a shot from "Purple Rain" as inspiration.

We're told Game dropped $65k on the artwork, which took Madsteez more than 100 hours to complete. The 8' x 6' portrait is a combination of oil, acrylic and spray paints -- and, as of Sunday, has been hanging proudly in Game's crib.



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