In a case scheduled to go to trial this week, the King of Pop claims his current money troubles were caused not by his own outrageous spending or money mismanagement, but by disloyal and dishonest friends and advisors. Reports the Daily News, Jackson claims that during his 2005 kiddie-sex trial, some of his closest "friends" tried to swindle cash and property out of him. And he credits the Reverend Jesse Jackson and billionaire buddy Ron Burkle for helping him see the light.
Jackson is currently being sued by Prescient Acquisition, which claims that Jackson owes them more than $48 million for helping him refinance a bank loan to buy out Sony's half of the Beatles' song catalogue that Jackson owns.
Kimberly;;
::Princess Media::
