Johnny Depp sued his former business manager on Friday, alleging that they mismanaged his funds at point when his career was very lucrative…
According to Page Six:
Depp’s lawsuit filed in Los Angeles Superior Court against The Management Group seeks more than $25 million, alleging its owners failed to properly pay his taxes, made unauthorized loans and overpaid for security and other services. Depp’s lawsuit accuses the company and its owners, attorneys Joel and Robert Mandel, of receiving $28 million in payments for their services over the roughly 16 years they managed his finances. The company “actively concealed the true state of Mr. Depp’s finances while driving him deeper and deeper into financial distress,” the lawsuit states.
It alleges the company failed to file Depp’s tax returns on time, costing him nearly $5.7 million in penalties. The lawsuit also alleges the company overpaid for several services, including forgetting to terminate the lease on a home where Depp’s mother lived temporarily, and spending $8 million on security between 2012 and 2015 alone.
Depp’s learned of the problems after hiring a new management company in March 2016, the complaint states.
The company is blaming Johnny Depp and his bad spending habits as to why he’s in all this debt.. But he isn’t the first or the last celebrity to sue their ex business partners.