MJ's Mom: They're Takin' Every Penny You Make Read more: h
Katherine and Joe Jackson are set to make a bundle off of their various Michael Jackson business ventures. But Katherine and her hubby haven't figured out ... someone is waiting in the wings to take away everything they make
TMZ broke the story ... Katherine and Joe owe more than $13 million to a South Korean newspaper -- the Segye Times. The paper gave Joe, Katherine, and Jermaine a $5.5 million advance for a Jackson family concert series that never got off the ground. The newspaper sued in 1994, won a $4 mil judgment which has swelled with interest to more than $13 mil.
Edwin Bradley, a lawyer for the Segye Times tells TMZ, his client will go after anything Katherine and Joe make -- and that includes profits from Katherine's book, the movie projects she's producing with Howard Mann (pictured right) -- everything.
Ironically, Katherine's allowance from the MJ estate could be in jeopardy, since she's making money off of her son on the side. But the allowance could actually be protected from garnishment.
We're told the newspaper will go to court on September 14 to try and wrestle money earmarked for Katherine from the MJ trust. Sources tell us, however, there is a big fat zero in the trust now, because the estate is in debt.
Bottom line ... Whatever Katherine makes outside the estate will probably end up lining someone else's pocket.
Read more: <!-- m -->http://www.tmz.com/2010/07/02/katherine ... z0sVeMCtpI<!-- m -->
TMZ broke the story ... Katherine and Joe owe more than $13 million to a South Korean newspaper -- the Segye Times. The paper gave Joe, Katherine, and Jermaine a $5.5 million advance for a Jackson family concert series that never got off the ground. The newspaper sued in 1994, won a $4 mil judgment which has swelled with interest to more than $13 mil.
Edwin Bradley, a lawyer for the Segye Times tells TMZ, his client will go after anything Katherine and Joe make -- and that includes profits from Katherine's book, the movie projects she's producing with Howard Mann (pictured right) -- everything.
Ironically, Katherine's allowance from the MJ estate could be in jeopardy, since she's making money off of her son on the side. But the allowance could actually be protected from garnishment.
We're told the newspaper will go to court on September 14 to try and wrestle money earmarked for Katherine from the MJ trust. Sources tell us, however, there is a big fat zero in the trust now, because the estate is in debt.
Bottom line ... Whatever Katherine makes outside the estate will probably end up lining someone else's pocket.
Read more: <!-- m -->http://www.tmz.com/2010/07/02/katherine ... z0sVeMCtpI<!-- m -->
Comments
Why don't they post something about the oil spill?
I guess it's not so important news, it's only nature.
Animals that die are NOT Celebrity breaking news.
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Chappie
Sorry guys its posted the article twice and wont let me delete it so sorry <!-- s:oops: -->:oops:<!-- s:oops: --> <!-- s:oops: -->:oops:<!-- s:oops: --> <!-- s:oops: -->:oops:<!-- s:oops: -->
<!-- m -->http://en.wikipedia.org/wiki/Frances_Newton<!-- m -->
FREEDOM CIVIL RIGHTS First execution of Africian American Women since 1800's Reference to Black Panther Civil Rights Group
For other uses, see Frances Newton (disambiguation).
Frances Elaine Newton (April 12, 1965 – September 14, 2005) was a woman convicted of murder who was executed by lethal injection in the state of Texas for the April 7, 1987 murder of her husband, Adrian, 23, her son, Alton, 7, and daughter, Farrah, 21 months.
All three victims were shot with a .25 caliber pistol which belonged to a man Newton had been seeing. Newton claimed that an illegal drug trade/drug dealer killed the three. The Houston police presented evidence that her husband, Adrian Newton, was a drug dealer and was in debt to his supplier. Newton maintained her innocence from her first interrogation in 1987 until her execution in 2005. However, three weeks before the slayings, Newton had purchased life insurance policies on her husband, her daughter, and herself. These were each worth $50,000. She named herself as beneficiary on her husband's and daughter's policies. Newton claimed she forged her husband's signature to prevent him from discovering that money had been set aside to pay for the premiums. Newton was also found to have placed a paper bag, containing the murder weapon, in a relative's home shortly after the murders. Prosecutors cited these facts as the basis for her motive.
Two hours before her first scheduled execution on December 1, 2004 Texas Governor Rick Perry granted a 120-day reprieve to allow more time to test forensic evidence in the case. It was argued that her court-appointed attorney Ron Mock, was incompetent (he has had five professional misconduct charges brought against him and was under a suspension from the practice of law in the State of Texas until late 2007), and that no independent investigation had ever been conducted. There were also conflicting reports as to whether a second gun was recovered from the scene; ballistics reports appeared to demonstrate that a gun recovered by law enforcement and allegedly connected to Newton after the offense was the murder weapon. A relative of Newton who was incarcerated shortly after the murders claimed a person he shared a cell with boasted of killing the family. Numerous individuals, including three members of the convicting jury, expressed concern over evidence that was not presented during the trial.
On August 24, 2005, the Texas Court of Criminal Appeals turned down a motion for a stay of execution. It turned down another appeal on September 9 for writ of habeas corpus. It was her fourth application.
The Texas Board of Pardons and Paroles voted 7-0 on September 12 not to recommend that her sentence be commuted to life imprisonment, despite the evidence raising doubt about her guilt and a letter from her husband's parents asking that her life be spared. The same day the United States Court of Appeals for the Fifth Circuit refused an appeal of her sentence. Her new attorney, David Dow, also asked Governor Perry for a 30-day stay to prove that Newton was wrongly linked to the murder weapon. The Supreme Court of the United States declined without dissent two appeals on September 13.
[edit] Execution
The execution was carried out as scheduled on September 14, 2005 by lethal injection. Newton struggled and thrashed knocking out one of the nurses. Frances Newton was the third woman executed in Texas since the resumption of capital punishment in the state in 1982. The first and second were Karla Faye Tucker and Betty Lou Beets, respectively.
Newton made no final statement and did not have a last meal request. Just over 30 protesters from the Texas Death Penalty Abolition Movement, the National Black United Front, and the New Black Panther Party had gathered outside the prison. In addition, about 75 people protested the execution outside the governor's mansion in Austin. According to the results of a Public Information Act request submitted by Texas Moratorium Network to the office of Governor Rick Perry, 12,201 people contacted the governor asking him to stop Newton's execution and 10 people contacted him in support of her execution. [citation needed]
During the investigation of Frances Newton the forensic crime lab in the Houston Police Department was also experiencing intense criticism for the handling of evidence. Michael R. Bromwich, a former U.S. Justice Department official, said the Houston Police Department and city officials "failed to provide the crime lab with adequate resources to meet growing demands" for at least 15 years before the exposure of problems in its DNA division.
Frances Newton
For other uses, see Frances Newton (disambiguation).
Frances Elaine Newton (April 12, 1965 – September 14, 2005) was a woman convicted of murder who was executed by lethal injection in the state of Texas for the April 7, 1987 murder of her husband, Adrian, 23, her son, Alton, 7, and daughter, Farrah, 21 months.
All three victims were shot with a .25 caliber pistol which belonged to a man Newton had been seeing. Newton claimed that an illegal drug trade/drug dealer killed the three. The Houston police presented evidence that her husband, Adrian Newton, was a drug dealer and was in debt to his supplier. Newton maintained her innocence from her first interrogation in 1987 until her execution in 2005. However, three weeks before the slayings, Newton had purchased life insurance policies on her husband, her daughter, and herself. These were each worth $50,000. She named herself as beneficiary on her husband's and daughter's policies. Newton claimed she forged her husband's signature to prevent him from discovering that money had been set aside to pay for the premiums. Newton was also found to have placed a paper bag, containing the murder weapon, in a relative's home shortly after the murders. Prosecutors cited these facts as the basis for her motive.
Two hours before her first scheduled execution on December 1, 2004 Texas Governor Rick Perry granted a 120-day reprieve to allow more time to test forensic evidence in the case. It was argued that her court-appointed attorney Ron Mock, was incompetent (he has had five professional misconduct charges brought against him and was under a suspension from the practice of law in the State of Texas until late 2007), and that no independent investigation had ever been conducted. There were also conflicting reports as to whether a second gun was recovered from the scene; ballistics reports appeared to demonstrate that a gun recovered by law enforcement and allegedly connected to Newton after the offense was the murder weapon. A relative of Newton who was incarcerated shortly after the murders claimed a person he shared a cell with boasted of killing the family. Numerous individuals, including three members of the convicting jury, expressed concern over evidence that was not presented during the trial.
On August 24, 2005, the Texas Court of Criminal Appeals turned down a motion for a stay of execution. It turned down another appeal on September 9 for writ of habeas corpus. It was her fourth application.
The Texas Board of Pardons and Paroles voted 7-0 on September 12 not to recommend that her sentence be commuted to life imprisonment, despite the evidence raising doubt about her guilt and a letter from her husband's parents asking that her life be spared. The same day the United States Court of Appeals for the Fifth Circuit refused an appeal of her sentence. Her new attorney, David Dow, also asked Governor Perry for a 30-day stay to prove that Newton was wrongly linked to the murder weapon. The Supreme Court of the United States declined without dissent two appeals on September 13.
[edit] Execution
The execution was carried out as scheduled on September 14, 2005 by lethal injection. Newton struggled and thrashed knocking out one of the nurses. Frances Newton was the third woman executed in Texas since the resumption of capital punishment in the state in 1982. The first and second were Karla Faye Tucker and Betty Lou Beets, respectively.
Newton made no final statement and did not have a last meal request. Just over 30 protesters from the Texas Death Penalty Abolition Movement, the National Black United Front, and the New Black Panther Party had gathered outside the prison. In addition, about 75 people protested the execution outside the governor's mansion in Austin. According to the results of a Public Information Act request submitted by Texas Moratorium Network to the office of Governor Rick Perry, 12,201 people contacted the governor asking him to stop Newton's execution and 10 people contacted him in support of her execution. [citation needed]
During the investigation of Frances Newton the forensic crime lab in the Houston Police Department was also experiencing intense criticism for the handling of evidence. Michael R. Bromwich, a former U.S. Justice Department official, said the Houston Police Department and city officials "failed to provide the crime lab with adequate resources to meet growing demands" for at least 15 years before the exposure of problems in its DNA division.
I had trouble posting this find link below Frances Newton
From Wikipedia, the free encyclopediaJump to: navigation, search
This article may be inaccurate in or unbalanced towards certain viewpoints. Please improve the article by adding information on neglected viewpoints, or discuss the issue on the talk page.
For other uses, see Frances Newton (disambiguation).
Frances Elaine Newton (April 12, 1965 – September 14, 2005) was a woman convicted of murder who was executed by lethal injection in the state of Texas for the April 7, 1987 murder of her husband, Adrian, 23, her son, Alton, 7, and daughter, Farrah, 21 months.
All three victims were shot with a .25 caliber pistol which belonged to a man Newton had been seeing. Newton claimed that an illegal drug trade/drug dealer killed the three. The Houston police presented evidence that her husband, Adrian Newton, was a drug dealer and was in debt to his supplier. Newton maintained her innocence from her first interrogation in 1987 until her execution in 2005. However, three weeks before the slayings, Newton had purchased life insurance policies on her husband, her daughter, and herself. These were each worth $50,000. She named herself as beneficiary on her husband's and daughter's policies. Newton claimed she forged her husband's signature to prevent him from discovering that money had been set aside to pay for the premiums. Newton was also found to have placed a paper bag, containing the murder weapon, in a relative's home shortly after the murders. Prosecutors cited these facts as the basis for her motive.
Two hours before her first scheduled execution on December 1, 2004 Texas Governor Rick Perry granted a 120-day reprieve to allow more time to test forensic evidence in the case. It was argued that her court-appointed attorney Ron Mock, was incompetent (he has had five professional misconduct charges brought against him and was under a suspension from the practice of law in the State of Texas until late 2007), and that no independent investigation had ever been conducted. There were also conflicting reports as to whether a second gun was recovered from the scene; ballistics reports appeared to demonstrate that a gun recovered by law enforcement and allegedly connected to Newton after the offense was the murder weapon. A relative of Newton who was incarcerated shortly after the murders claimed a person he shared a cell with boasted of killing the family. Numerous individuals, including three members of the convicting jury, expressed concern over evidence that was not presented during the trial.
On August 24, 2005, the Texas Court of Criminal Appeals turned down a motion for a stay of execution. It turned down another appeal on September 9 for writ of habeas corpus. It was her fourth application.
The Texas Board of Pardons and Paroles voted 7-0 on September 12 not to recommend that her sentence be commuted to life imprisonment, despite the evidence raising doubt about her guilt and a letter from her husband's parents asking that her life be spared. The same day the United States Court of Appeals for the Fifth Circuit refused an appeal of her sentence. Her new attorney, David Dow, also asked Governor Perry for a 30-day stay to prove that Newton was wrongly linked to the murder weapon. The Supreme Court of the United States declined without dissent two appeals on September 13.
[edit] Execution
The execution was carried out as scheduled on September 14, 2005 by lethal injection. Newton struggled and thrashed knocking out one of the nurses. Frances Newton was the third woman executed in Texas since the resumption of capital punishment in the state in 1982. The first and second were Karla Faye Tucker and Betty Lou Beets, respectively.
Newton made no final statement and did not have a last meal request. Just over 30 protesters from the Texas Death Penalty Abolition Movement, the National Black United Front, and the New Black Panther Party had gathered outside the prison. In addition, about 75 people protested the execution outside the governor's mansion in Austin. According to the results of a Public Information Act request submitted by Texas Moratorium Network to the office of Governor Rick Perry, 12,201 people contacted the governor asking him to stop Newton's execution and 10 people contacted him in support of her execution. [citation needed]
During the investigation of Frances Newton the forensic crime lab in the Houston Police Department was also experiencing intense criticism for the handling of evidence. Michael R. Bromwich, a former U.S. Justice Department official, said the Houston Police Department and city officials "failed to provide the crime lab with adequate resources to meet growing demands" for at least 15 years before the exposure of problems in its DNA division.
what? Whatever happened to the close to billion dollars the estate is worth?
Do they mean Katherine is in debt and her share will go to whomever she owes money, or are they sayng the MJ's estate is in debt?
Though the pair do not live together (Katherine and Joe Jackson), their lives are still intertwined. Ten years ago, they filed for bankruptcy, listing nearly $24 million in debts that included court judgments, auto loans and credit cards. Court records show the only valuable asset listed was a house in Las Vegas then valued at $290,000.
The estate has payed off millions in debt and avert foreclosure on the suburban Los Angeles complex where the singer’s mother lives. Music sales and advances have enabled the estate to pay off nearly $200 million of the $500 million owed by Jackson at the time of his death.
The biggest financial obligation remains unresolved. A $300 million loan from Barclays PLC, backed by his 50% stake in SONY/ATV, matures at the end of the year. To secure the loan in 2006, Mr. Jackson appealed for help from Sony, which dispatched two executives to meet him in Dubai and negotiate terms under which it would guarantee the loan.
Oh really? Didn't the estate fork in almost a billion $$$$ this past year? <!-- s:? -->:?<!-- s:? -->
"For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."EXACTLY <!-- s:!: -->:!:<!-- s:!: -->