Michael Jackson’s Loans Catching Up To Him

Roger Friedman of Foxnews.com dedicated his entire column Friday to the financial troubles that Michael Jackson has found himself in following his extravagant spending habits and the disappointing sales of ‘Invincible’, which many are crediting to Sony purposely doing nothing to promote the record in an effort to foreclose on his $200 Beatles music catalog share. Friedman reports Jackson had to pawn off a watch worth $1.9 million that he damaged when he borrowed it from Beverly Hills jeweler David Orgell. As well, a senior vice president at the Bank of America who has worked closely on Jackson’s accounts told him, “I’ve kept [Jackson] alive for 20 years. And it’s not that the advice he gets is bad. It’s him. He’s his own worst enemy.” Read more.