All through a lot of the previous 12 months, Johnny Depp and Amber Heard have been at warfare. It was a divorce warfare, however it was largely about cash and management. Amber lastly gained the warfare just a few weeks again, when the decide finalized their divorce and ordered Depp to stick to the fee schedule for Amber’s $7 million settlement (which she is going to give to charity). What was attention-grabbing was that all through their divorce drama, there appeared to be a bizarre vibe coming from Group Depp – a vibe of “he has cash troubles.” He was promoting off paintings and property and nickel-and-diming Amber for months.
Effectively, because it seems, on the similar time Heard and Depp had been wrapping up their divorce, Depp’s different attorneys had been submitting a lawsuit towards his outdated managers at The Administration Group. Depp accused his managers of grossly mismanaging his cash and principally shedding tens of tens of millions of on dangerous investments and overbilling. Effectively… TMG countersued and the main points of their countersuit are fascinating and horrible. You’ll be able to learn the complete submitting right here.
Johnny Depp’s extravagant spending on workers, actual property and oddities is detailed in a countersuit from his former enterprise administration firm. Depp sued The Administration Group earlier this month, claiming that after he fired TMG his new enterprise supervisor found critical misconduct. He claims the agency collected $28 million in contingent charges he by no means agreed to, constantly didn’t file or pay his taxes on time, didn’t maintain correct books and loaned practically $10 million of his cash to 3rd events with out authorization.
Joel and Robert Mandel declare they and their firm did every thing inside their energy to deal with Depp’s funds responsibly and repeatedly warned him that he was overspending, in response to a cross-complaint filed Tuesday in Los Angeles County Superior Courtroom.
“Depp lived an ultra-extravagant life-style that usually knowingly price Depp in extra of $2 million monthly to keep up, which he merely couldn’t afford,” writes lawyer Michael Kump within the cross-complaint. “Depp, and Depp alone, is absolutely accountable for any monetary turmoil he finds himself in at the moment.”
Among the many examples of extra listed by TMG is $75 million spent on 14 residences, $18 million spent on a luxurious yacht and $30,000 monthly spent on wine. “Depp additionally paid over $three million to blast from a specially-made cannon the ashes of creator Hunter Thompson over Aspen, Colorado,” writes Kump. TMG claims Depp’s lawsuit is an try and derail foreclosures proceedings the corporate is pursuing towards the actor in an try and recuperate $four.2 million he owes them.
TMG is suing Depp for breach of contract and promissory fraud, and is asking the court docket for a declaration that “Depp is accountable for his personal monetary waste.”
Legally, I believe that each issues may be true. I believe that TMG mismanaged Depp’s cash – which at one level was presupposed to be in extra of $300 million, if no more – and I believe that Depp blew by way of his fortune actually rapidly, no matter his managers’ shenanigans. Like, I believe it’s attainable that TMG noticed that Depp was spending $30,000 a month on wine they usually had been like, “He’ll by no means discover if we pocket just a few million right here and there.” And severely, Depp has 14 residences? That’s loopy. He must divest a few of his belongings, and possibly cease with the wine? His wine behavior is dearer than a cocaine behavior.
Pictures courtesy of WENN.