Shortly after Johnny Depp received the judgment in his divorce from Amber Heard, he took a long hard look at his finances. He discovered that his money management company, The Management Group, had neglected to pay his property taxes ending in $6 million in fines. The following suit filed by Johnny was the first step in what is now growing into a war of accusations.
Johnny started the case against his former managers in January. The
lawsuit was reportedly prompted when Depp’s current managers found out errors that cost him millions.
The “Pirates of the Caribbean” star is charging that The Management Group collected fees to which he had never agreed. They didn’t file his income taxes punctually, and loaned out Depp’s money without his awareness.
Joel and Robert Mandel explain that they had done everything they could to safe Johnny’s money. Nevertheless, they concluded that it was Johnny’s expensive taste that led to his loss of his money.
Johnny says that his spending is his own business.
“It’s my money,” said Depp. “If I want to buy 15,000 cotton balls a day, it’s my thing.”
“Why didn’t they drop me as a client if I was so out of control?” Johnny said in a recent interview. “I’ve worked very, very hard for a lot of years and trusted a lot of people, some who’ve clearly let me down.”
Johnny Depp is seeking $25 million from his ex-money management group for losses that happened due to fraud.
USA Today received a declaration from David Shane, The Management Group spokesman, as an answer to Johnny Depp’s public statements about the company and the lawsuit. Shane defends that Johnny and his sister were involved in every major business decision made over the past 17 years.
“(Johnny Depp is a) habitual liar who denies responsibility for his own outrageous conduct and coerces others to lie for him,” said Shane in the statement.
The lawsuit reveals all purchases that Johnny made. It uncloaks that he spent more than $75 million in order to maintain 14 homes around the world.
The Management Group made a statement that Mr. Depp spent more of his fortune on a 150-foot yacht, private jets, and a collection of fine art and pop culture memorabilia.
As a response to that, Adam Waldman of the Endeavor Group, said The Management Group is having fears that testimony from an ex-employee will harm their case against Depp.
“The unsealing of the whistleblower testimony, which describes various forms of thievery by Mandel and his firm of Mr. Depp’s assets, would soon end this discussion,” Waldman said.