She’s broke, and on the run
Troubled pop superstar Whitney Houston — once a bigger seller than Madonna — is running out of cash. Insiders tell me she is literally broke, with no current income and huge expenses.
Not only that: Whitney’s life is such a dismal mess that, according to sources, her daughter, Bobbi Kristina, is living with Whitney’s brother Gary and sister-in-law, Pat, close to Houston’s home in Atlanta.
And it just keeps getting worse: A local Atlanta lawyer told me yesterday that he recently had housemates Whitney and ‘80s pop star Cherelle (real name Cheryl Week Norton) evicted from the luxury townhouse he’d rented to the latter last fall.
Houston’s name was not on the lease, but the landlord says she was living there and has witnesses to back him up.
Source :Foxnews.com
Selling t-shirts to save his home
Former "Saved by the Bell" actor Dustin Diamond is selling autographed T-shirts in a bid to save his home. The 29-year-old needs to raise $250,000 to save his Milwaukee, Wis., house from a foreclosure order.
The shirts have a photo of the actor as his geeky character Screech holding a sign that says, "Save My House."
The back of the shirt reads, "I paid $15.00 to save Screech's house."
Hopeful Diamond -- who has appeared on Howard Stern's radio show to publicize his cause -- says, "If the public didn't care, I as an entertainer wouldn't have been a success"
Source: sfgate.com
Indicted on federal fraud charges
Wesley Snipes has been indicted on federal criminal charges for his role in a bizarre tax avoidance scheme that allegedly included him seeking $12 million in fraudulent refunds and failing to file six years of tax returns.
In an eight-count indictment unsealed today, Snipes and two others are charged with knowingly attempting to defraud the government by claiming that his substantial income was somehow immune to taxation.
Source: thesmokinggun.com
Cash-strapped Tyson announces exhibition tour
Former two-time heavyweight champ Mike Tyson admitted the reason for launching "Mike Tyson's World Tour," a series of four-round exhibitions bouts, is that he needs the money and thinks it will help him feel better about himself.
Tyson, who squandered ring earnings of more than $300 million, is bankrupt and has a long list of creditors to pay.
"If I don't get out of this financial quagmire there's a possibility I may have to be a punching bag for somebody," Tyson said Thursday at a news conference in Youngstown, Ohio.
"The money I make here isn't going to help any of my bills really from a tremendous standpoint, but I'm going to feel better about myself. I'm not going to be depressed."
Source: Espn.com
O.J.: Book, TV deal was ‘blood money’
LOS ANGELES -- O.J. Simpson told The Associated Press he participated in the ill-fated "If I Did It" book and interview project for one reason -- personal profit, and he acknowledged that any financial gain was "blood money."
"This was an opportunity for my kids to get their financial legacy," Simpson said in interviews this week with the AP after the book deal was abandoned by its publisher.
"My kids understand. I made it clear that it's blood money, but it's no different than any of the other writers who did books on this case."
Source: newsday.com
Michael Jackson Refinances to Stave Off Bankruptcy
(Bloomberg) -- Michael Jackson, struggling to stave off bankruptcy, agreed to a debt refinancing that may lead him to forfeit a share of a music catalog that includes more than 200 Beatles songs.
Jackson refinanced loans with hedge fund Fortress Investment Group LLC, the singer said in an e-mailed statement today. The statement didn't disclose terms of the refinancing.
Under the agreement, Jackson gave Sony Corp. an option to buy half of his 50 percent stake in Sony/ATV Music Publishing LLC, allowing him to refinance about $300 million of loans, according to people familiar with the transaction.
The catalog, which includes songs from Bob Dylan and John Mayer, is worth more than $1 billion. The sale may help Jackson pay debts that mounted as he fought child-molestation charges.
Source: Bloomberg.com
Debbie Rowe to Jacko -- "I Need Cash, Now!”
Michael Jackson's ex-wife claims the singer owes her a fortune and that she desperately needs money. She says she "sits on the brink of bankruptcy."
Source: tmz.com
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