EXCLUSIVE: Johnny Depp – Ex-Managers Adamant Actor Caused his Own Financial Troubles NOT Them, Demand $25 Mill Fraud Lawsuit Be Thrown Out ASAP
The Dirty can exclusively reveal Johnny Depp’s former managers are adamant they did not commit fraud against the actor — despite his claims they cost him millions over the years through mismanaging his funds – and now the firm is demanding his $25 million lawsuit be tossed out of court, saying he caused his own financial troubles NOT them.
The actor filed a $25 million+ fraud lawsuit against his former business managers at The Management Group, who he fired in 2016 and his new managers discovered alleged financial misconduct. He explained he paid the firm $28 million in fees for legal, business, tax and accounting services from 1996-2016.
He accused them of negligence, fraud and breach of fiduciary duty for failing to pay his taxes on time resulting in $5.6 million in federal tax penalties and interest, loaned $10 million of his money to third parties without permission and kept messy financial records. Depp accused them of using his money to invest in business’ his managers had interest in.
The firm fired back accusing the actor of living an expensive high life with 14 homes, $18 million luxury yacht and even dropping $30k a month on fancy wine. He allegedly spent extravagantly on staff, homes and gifts. His business managers claimed they did everything to manage the actor’s finances and warned him about him his overspending multiple times. They blamed him solely for his dire financial situation … spending $2 million a month to maintain his lavish lifestyle, spending $75 million on 14 homes, $1 million to archive his Marlon Brando and Marilyn Monroe memorabilia, $300k a month on 40 full-time employees, $150k on 24/7 security for him and his family and $200k a month in private jet costs.
Then recently, The Management Group headed back to court demanding the actor’s $25 million suit be thrown out of court. They deny Depp has sustained any injury or loss due to their actions. Further, they accuse Depp’s own conduct – along with third parties – of frustrated or prevented them from performing their acts as his managers. Depp owes them past due management fees and certain unpaid credit card expenses, the firm claims. They are adamant they did not engage in oppressive, fraudulent or malicious conduct towards Depp.
The Management Group is demanding Depp not be awarded a dime in the case and his entire suit be thrown out of court immediately. They also want him to cover their legal bills.