King of Pop Michael Jackson is a "financial time bomb waiting to explode at any moment," according to a former aide who is suing The Gloved One for $12 million in back pay.
Jackson has found himself tens of millions in debt in large part because of his high living - including a huge divorce settlement, costly payouts to lawyers and public-relations firms and a $250,000-per-month tab to run his Neverland Ranch, Jackson's former business manager Myung Ho Lee alleges in his suit.
Jacko even had a $10,000 pharmacy bill and paid his dermatologist nearly $25,000 in the fall of 2000, the suit says. rest of story
That's a shame.