Posted Today, 12:21 AM by Human NatureRandy has the nerves to believe he should be executor of Michael's estate or should be included in the will. you guys remember this
World of Jax & robbers
Singer says his brother and pal tried to cheat him out of fortune
Sunday, June 17, 2007
Michael Jackson claims he was nearly swindled out of his fortune during his kiddie-sex trial and only the wise counsel of the Rev. Jesse Jackson and billionaire Ron Burkle saved him.
The behind-the-scenes battle over the pop star's finances is detailed in a sworn deposition he gave for a federal lawsuit scheduled to go to trial this week.
There is a possibility that Jackson himself might even be called to testify.
The seven hours of transcripts obtained by the Daily News reveal that the agitated entertainer was convinced his money woes were fueled by a cadre of disloyal advisers who stole from him while he was busy fighting criminal charges.
The Gloved One even fingered a man close to his older brother Randy as a key villain.
It was an ordeal that left Jackson bitter about the industry in which he's spent his entire life.
"It's full of sharks, charlatans and imposters," he said in testimony taken last summer in Paris.
"Because there's a lot of money involved, there's a bunch of schmucks in there," Jackson said. "It's the entertainment world, full of thieves and crooks. That's not new. Everybody knows that."
A Santa Maria, Calif., jury acquitted him of child molestation charges in June 2005, after which he retreated into the seclusion of his Neverland ranch.
But during breaks in the trial, Jackson says he was being pressured to sign off on a multimillion-dollar financing deal by Don Stabler, an associate brought in by brother Randy, his go-to guy on financial matters during much of his career.
Jackson initially took a liking to Stabler after Randy introduced them.
"He reminded me of people that live in mid-America like Indiana," Jackson testified.
Stabler was persistent, at one point during the trial sending a message through one of Jackson's Nation of Islam security guards that questioned the singer's faithfulness to his African-American heritage.
It was a sore point for someone who has denied he purposely lightened his skin.
By then, Jackson had turned to Burkle, the billionaire pal of former President Bill Clinton, for financial help. Burkle brought in Jesse Jackson, who's known Michael Jackson since his Jackson 5 days, to help with the consultation.
Burkle was calling him on the cell phone during bathroom breaks, warning him not to sign anything, Michael Jackson said.
Stabler wasn't happy, Jackson said.
"[Stabler] said, 'What's the problem? You're not down, you're with the Jews now. You're not down with blacks anymore,'" Jackson testified.
"It was unkind," Jackson added. "It was mean. It was meanspirited. It was nasty. Simply because he couldn't get me to sign something that he wanted me to sign."
The next time Jackson saw Stabler "he wanted to take my head off." And his brother Randy wasn't too happy, either.
Randy later claimed that Jackson and his staff had run up a $700,000 bill on his American Express card during the trial, which Jackson said he would repay.
It wasn't the first time that Stabler teamed with Randy in trying to get him to sign off on a deal, Jackson claimed.
At a meeting in a bungalow at the Neverland ranch, Jackson said he had his mother at his side when he fought off another proposal.
"And I vehemently told them, 'No, I am not signing this,'" Jackson recalled. "And I just remember how angry, the intensity of the anger in the room. And so they marched out."
Jackson made his comments when he was grilled by lawyers for the Hackensack, N.J., finance company that is suing the singer in Manhattan Federal Court. The firm, Prescient Acquisition, is owned by businessman Darien Dash, who claims Jackson stiffed his company out of $48 million.
According to Dash's lawyer Steven Altman, Dash was due the money for helping Jackson refinance a $272 million bank loan and secure $573 million in financing to buy out Sony's half of the Beatles' song catalogue that Jackson co-owned.
But Jackson claimed he's never heard of Dash, a cousin of hip-hop impresario Damon Dash, and doesn't remember signing any agreement.
Read more:
http://www.nydailyne...0#ixzz22ihyBSbu
Randy Jackson: One Side of the Coin
thought it was important that a timeline of Randy Jackson was brought up and discussed. The information on this particular blog merely questions the actions of Randy. We of course, all know that Randy joined the Jackson brothers when Jermaine left the group. We will begin in 1980, when Randy Jackson was involved in a car accident. Although the cover of Jet above states that Randy Jackson walks again, the two reports I read state that Jackson broke his ankle and that he had to be freed from the car with the jaws of life. Here are the two links:
http://tinyurl.com/2f33b5r and:
http://tinyurl.com/23g4knu
I did find an excerpt of Randy's interview with Jet, that stated that because his leg had been crushed so badly in the car accident, doctors said that the leg most likely would have to be amputated. After three surgeries though, Randy recovered and was well enough to tour with his brothers. Link:
http://tinyurl.com/2644yxh
The rumor around the internet was that Randy had metal plates put in his head and that he was really never the same, but I could not find an article to attest to that.
Randy was arrested in 1988 for driving without a license and a warrant for a failure to appear on a minor traffic offense. Jackson posted $262 and was released.
http://tinyurl.com/2elxzsf
After the Jacksons went their own ways, Randy formed the band Randy and the Gypsys. They put out an album in 1989, and above is the cover. Here is a link to an interview that a L.A. Time reporter did with Randy right after the album was released. The reporter stated that Randy had mostly one word answers to his questions and that Randy felt that his leg injury still hampered him at that time. Link:
http://tinyurl.com/2eybbqy
In 1991, Randy was arrested for a misdemeanor battery charge with Eliza Jackson, his wife. Eliza alleged that Randy had hit both her and her daughter, Steveanna. Randy pled guilty to one count of battery, was placed on two years' probation and ordered to attend domestic violence classes, however Randy did not comply with the d.v. class requirement. Eliza called the police again, because she said the violence had not stopped and Randy was arrested again. Link:
http://tinyurl.com/24kt5lh
This time, Randy was ordered to Pine Grove Hospital to take his domestic violence classes.
http://tinyurl.com/29kzjwu
Pine Grove Hospital is a psychiatric facility
In 1996, Randy Jackson filed for bankruptcy. However, he pled guilty to bankruptcy fraud in 2001 because he failed to report a 1995 Chevrolet Suburban that he owned. He was fined $21,100. Link:
http://tinyurl.com/24ft4cx (Scroll down to see article)
In 1997, Randy was named to the Board of Directors of Modern Records. Randy bought out the majority share of stock from Paul Fishkin.
http://tinyurl.com/2926852 There are reports that Modern Records, under Randy Jackson, leaked information that stated that the Jacksons would sign with the label, but were vague regarding Michael's signature. Jackie, Jermaine, Marlon and Tito were hired as consultants in 1998.
http://tinyurl.com/28mjf3t By 1999, Randy was in trouble again with bankruptcy court. "According to reports, Jackson failed to turn in nearly 12 million shares of Modern Record, Inc., a company he runs with members of the Jackson family."
http://tinyurl.com/2ao7jdn
By the year 2000, Modern Records sued Randy for mismanagement of funds. Modern alleged Randy "failed to pay quarterly employee withholding taxes and health insurance premiums. The suit also alleges that Randy misspent promotions money - most notably on apartments for him and a girlfriend, and to pay off the charges the couple ran up on their credit cards. And the suit says, he failed to disclose that he previously filed for bankruptcy." The new Board of Directors ousted Randy, but it took a lawsuit for Randy to finally recognize that his stint at Modern Records was over.
http://tinyurl.com/27kcqfg
In 2001, both Randy and Jermaine were quoted as saying that they would not participate in the 30th Anniversary Special at Madison Square Gardens. They cited the reasons were that there was no charity marked for some of the proceeds, despite the fact that the tickets were going for as high as $5000. They also felt that the payment of $1200 for each of the performers, including Jermaine and Randy, was too low.
http://tinyurl.com/29qb5qj (We now know, of course, that both brothers participated in the MSG performance. There is also an interesting skirmish that occurs between Randy and Michael during the ABC song of the 30th anniversary. Check it out on youtube
By 2004, Randy was helping to manage Michael's finances. Michael was in the horrific position of defending himself against false child molestation charges and needed someone to trust implicity while he was busy in court.
Feb. 2004 ~ Al Malnik and Charles Koppelman back a $70 million loan payment that is due to Bank of America. This puts MJ at ease until December of 2005. Prior to that, Randy announced to both Malnik and Koppelman that he had found an investment group that would back the entire amount of $270 million to Bank of America. However, at the last minute, Randy announced that the deal had fallen through. Michael was smart enough to go with Malnik and Koppelman or he may have defaulted on his Bank of America loan.
http://tinyurl.com/lfd7gu
August 2004 ~ Randy, who has taken over the daily operations for Michael, stops the payments to people who have contracts with Michael. Randy stops the payments to both Dieter Wiesner and Mark Schaffel. (Hey I could care less whether Wiesner or Schaffel were paid, but the point is, that Michael had contracts with them to pay, and when Randy stopped the payments, Michael was forced into yet, more lawsuits which cost more money.) Schaffel sued Michael for $4 million later that year.
http://tinyurl.com/yd2mntv
March 2005 ~ Michael's Neverland operating accounts have run dry. The funds are mysteriously missing. Michael's accountant calls Joe to report this. Rumors fly that since Randy has taken over operations, he has bought himself a penthouse in Miami and has had one of Michael's Bentley's removed from Neverland and placed in the Miami penthouse. Rumors also fly that Michael is furious over the missing money and that Randy is making deals behind Michael's back.
April 2005 ~ Michael has fired Randy and things are very tense between them. Michael also finds out that there are missing funds with regard to the Neverland payroll. A storage unit had not been paid. Michael fixes his finances at the last minute, but he is furious with Randy.
May 2005 ~ The site
http://www.mjjsource.com/, a site that Randy and his "team" (including girlfriend Taunya Zilkie) set up and charged a $50 fee per member, disappears for 12 days. Wonder how many people joined that site only to lose their money? And, the key question is, where did that money go? The site returns, but fans are suspicious.
June 2005 ~ Judge Melville gives a gag order to the court. Tom Messereau issues one statement which is supposed to be a blanket statement representative of Michael Jackson. Messereau states that noone but the Mezz is authorized to make any statement regarding Michael Jackson. However, Randy, on
http://www.mjjsource.com/, makes a misleading statement causing confusion for fans and grief for Messereau. This is five days before Michael is to be acquitted of all charges.
Roger Friedman writes, "You see, we are playing Neverland: The Board Game. This is a game where grown people continue to jockey for position, even though at any moment the whole enterprise could be exploded by a guilty verdict.
It's a game in which a scheming younger brother plays a bad game of chess, trying to manipulate the pieces while his older brother, the family cash cow, remains in isolation and pain as his future is debated by 12 strangers."
Someone once said that the greatest predictor of future behavior is how someone has behaved in the past. I have to wonder if Randy Jackson actually did have Michael's best interests at heart. Judging on his past behavior, I would think others would be wondering the same thing.
http://mjandjustice4some.blogspot.com/2012/07/randy-jackson-one-side-of-coin.html
http://www.mjj2005.com/kopboard/index.php?showtopic=58393&st=3480
I started looking for it after I read your post. 
