As we’ve all heard, Johnny Depp is in the middle of a lawsuit with his former business managers at The Management Group, and the only thing both sides can agree on is that his current financial situation is as messy as he looks. Johnny is suing TMG for $25 million for mismanaging his money and committing fraud by taking out loans in his name without permission. TMG is countersuing Johnny for breach of contract. TMG also blames’ Johnny’s money woes on him spending $2 million a month on shit like $30,000 worth of wine. Deadline says that TMG filed documents that they say proves that Johnny knew he was losing money fast and that they warned him that he needed to curb the spending or his cash problems would get shittier than the skid marks in his boxers.
TMG submitted emails from 2009 between them and Johnny and Johnny’s team including his lawyers, bankers, managers and sister Christi Dembrowski. TMG told Team Johnny that his accounts were overdrawn by $4 million and that they were about to get a loan for $1.98 million from City National Bank to cover more expenses. Joel Mandel of TMG wrote Johnny in December 2009 and asked him not to break his Black Amex while buying Christmas gifts.
I wanted to be sure to reach out to you, personally, before you left. Since my email to you in September, I have done what 1 was told you wanted done, meaning, “getting us through” financially until work could start again. The good news is that, so far, we have been able to do that. Notwithstanding, I need your help in a variety of ways. First, we need to “take it easy” on holiday spending. Second, we need to discuss some dollar limit in the upcoming Dillinger auction. Third, I need to be able to sit with you on your return from this trip, and before you leave for France, so that we can talk about where we are financially, what we have borrowed in order to sustain ourselves, what we have had to do to obtain those borrowings, what is now necessary to pay those borrowings back and, finally, to look realistically at income and expenses and to work together on how to make sure that these are back in balance.
Johnny wrote back and let a trick know that he’s not going to let a thing called “going broke” fuck with his Christmas gift spending and that he just can’t fly commercial:
first, thank you for dealing and getting me through. secondly, i am doing my very best on holiday spending, but there is only so much i can do, as i need to give my kiddies and famille as good a Christmas as possible, obviously within reason. but, regarding the plane situation,., i don’t have all that many options at the moment. a commercial flight with paparazzis in tow would be a fucking nightmare of monumental proportions.
forget the dillinger auction. don’t need it.
That has a tinge of douche in it, but it’s not that bad. Then Johnny writes that he’s getting $20 million for The Tourist, $35 million for another Pirates and another $20 million for Dark Shadows, and he hopes all that money puts him back in black. And then he went full spoiled rich brat when he busted out a whiny question mark-filled tantrum asking Joel what more does he have to do? Does Johnny have to sell all of his mansions?! Does he have to sell all of his luxury cars? Does Joel want him to put whatever is left of his soul on eBay? Does Johnny have to auction off all of his scarves? Sure those scarves are like his precious babies and he raised them and sings lullabies to them every night, but he’ll sell them if Joel wants him to. Goddamn that Joel!
what else can i do??? you want me to sell same art??? i will. you want me to sell something else??? sure… what??? boat is going to be chartered at new years and sony will then charter it for the TOURIST shoot in venice. other than that, i got bikes, cars, property, books, paintings and some semblance of a soul left, where would you like me to start???
i don’t like being in this situation, but there wasn’t a whole lot of choice, as THE RUM DIARY was a sacrifice we knew would be happening and the last proper paycheck was PUBLIC ENEMIES.
i will do my best, joel.
In a response to The Hollywood Reporter, Johnny’s lawyer said that the emails still don’t prove that TMG didn’t commit fraud.
“How exactly do these advisor emails defend or excuse Joel Mandel from allegations of ‘bad fakes’ of Mr Depp’s signature on bank loans, handing out millions of dollars in sham ‘loans,’ ordering his subordinates to ‘alter financial statements’ and falsely notarize documents, failure to timely pay and/or file taxes for 16 straight years costing Mr Depp over $8 million in penalties, sneaking rights for themselves and others to Mr Depp’s movie residuals into hard money loan agreements and the litany of additional, specific allegations in this fraud and malfeasance case?”
I can’t hate on Johnny for refusing to fly commercial. That’s actually considerate of him. Imagine sitting in coach and having to inhale a moist cloud of armpit syrup, halitosis fumes and ear cheese wafting off of him from first class? And the next time my bank bitches at me about overdrawing my account, I’m going to tell them that they should be happy that I’m not Johnny Depp and leaving my account’s balance at -$4,000,000.
And here’s Johnny greeting his fans at Tokyo International Airport after getting off of a non-commercial flight, I’m sure.