Johnny Depp accuses legal team of mismanaging his nearly £500m fortune
HE RECENTLY sued his former management company TMG and now Johnny Depp is accusing his old legal team of mismanaging his nearly £500million fortune.
The Pirates Of The Caribbean star, 54, claims lawyer Jacob A Bloom and his firm colluded with TMG Management to swindle him out of £23million over a period of nearly 20 years.
His current lawyer Adam Waldman said: “Johnny Depp’s lawsuit reflects his continued stand against systemic, self-serving Hollywood practices that he hopes this lawsuit will expose and end.”
The new complaint, which was filed on Tuesday, alleges that Bloom “took hundreds of thousands of dollars in additional payment for reimbursement of alleged ‘expenses’” that they submitted to TMG “with little or no supporting backup”.
The document claims that loans were taken out by TMG against the actor’s residual cheques, unbeknownst to him.
When the money was paid in they were used to pay off the loans with an added fee going to TMG.
The lawsuit alleges that Johnny’s lawyer at the time knew what was happening but did not alert the star. Meanwhile TMG have fired back saying that in an attempt to avoid paying his debts Johnny “knowingly threw his closest family, friends and employees under the bus”.
Because of the ongoing dispute TMG have now added Johnny’s film producer sister Christi Dembrowski, his nephew William Rassel and some of his close friends and colleagues as defendants in the messy battle.
TMG insist the loans were authorised either by Johnny or representatives acting on his behalf.