Friday, July 3, 2009

Report: Michael Jackson Used 20 Aliases to Apply for Bank Loans


Michael Jackson allegedly used 20 aliases to apply for bank loans.

The late singer reportedly used several variations of his name because his credit history was so poor and financial institutions were reluctant to give him money.

In 2007, Michael - who was raised in the Jehovah's Witness faith - allegedly applied for loans under the names President Mr Michael Jackson, Michael JJJ Christ-Jehovah, Michael J Jackson ChristJeh, Michael Jackson Jehovah and Mike J Jackson.

He also reportedly used alternative spellings of Michael - Micheal and Micheel - in a bid to trick bank managers.

According to The Sun newspaper, leaked financial documents linked to some of Michael's properties show the failed applications.

It is illegal to give a false name to a financial institution for money for the purpose of influencing the bank's decision and anyone found guilty could face fines of $1 million, 30 years in prison or both.

Despite being one of the most successful musicians of all time, Michael has struggled financially in recent years and was reportedly desperate for monetary help.

"Michael Jackson's financial affairs were beyond a mess with county court judgments and taxes owed all over the place. No bank was prepared to bail him out," a source said.

According to the paper, Michael's credit score was 447 and the maximum allowed limit on the last of four credit cards he was permitted, from Capital One, was just $405.


source

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1 comments:

Anonymous said...

expressing deep condolences

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