Re: MJ Estate sues Tohme Tohme / Tohme countersues / Tohme's complaint @pg 14
Perhaps this is why Raymone Bain was terminated in December 2007. It fits the timing of when
foreclosure proceedings began on "Neverland." Poor Michael he went and lived with the Cascio family for three months (more or less) just before and he was probably trying to save up enough to pay his payment with Fortress Investments Group and then this happens. It's like 'hey Business Manager, Raymone Bain, where'd my money go???' Raymone Bain couldn't even manage her own money. She recently got into trouble with the IRS, owning almost as much as Michael paid her in her termination that Raymone Bain signed off on, over $400,000.
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"In April (of 2009), Jackson fired the accounting firm Cannon & Co., which had worked for him for a year, according to an accountant who worked on his finances." 10850 Wilshire Blvd # 1200 Los Angeles, CA 90024
That's about the same time that Thome was around. So Cannon & Co was keeping the books and Thome was the Business Manager.
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"The singer's financial predicament reached a crisis point in March 2008 when he defaulted on a $24.5-million loan and Neverland went into foreclosure."
"Tohme reached out to Barrack, who said he was initially reluctant to get involved because Jackson had already sought advice from Barrack's friend and fellow billionaire Ron Burkle."
"He (Thomas Barrack) said that the economic downturn makes Jackson more attractive as an investment because his value has been overlooked: In times like this, he said, "
finding little pieces of information that others don't have" is more important than ever."
With the auction of Jackson's home and possessions just days away,
Barrack made the singer a proposition.
"I (Thomas Barrack) sat down with him and said, 'Look . . . we can buy the note and
restructure your financial empire,' " Barrack said. But, he told him, "what you need is a
new caretaker. A new podium. A new engine."
"
After buying Neverland, Barrack called his friend Anschutz. Barrack said the prospect of
helping Jackson, given his recent criminal case, gave Anschutz, a devout Christian, pause. (Anschutz declined to be interviewed.)
Barrack had spent significant time with Jackson and
praised him as a "genius" and devoted father. Ultimately, Anschutz agreed to put Jackson in touch with Randy Phillips, the chief executive of his concert subsidiary."
"Jackson and Barrack reached an agreement within seven days. Colony paid $22.5 million and Neverland averted foreclosure."
"The intervention of two billionaires with more experience in the boardroom than the recording studio seems on course to accomplish what a parade of others over the last dozen years could not: getting Jackson back onstage."
http://articles.latimes.com/2009/may/31/entertainment/et-michael-jackson31
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Tom Barrack did more for Michael Jackson, than did Thome Thome as Michael's Business Manager. It makes more sense why the Estate is suing Thome Thome, because Thome Thome is more about ego than actually doing something like Tom Barrack and Philip Anschutz did. Also, if Bank of America sold the note to Fortress Investments in 2006, was there a middle-man? That's why Thome Thome gives himself so much credit. Only thing, I thought Jermaine gave April of 2008 as when Thome entered the picture. This lawsuit should put Thome Thome in his place!
