A new lawsuit filed by Johnny Depp's ex-managers from ‘The Management Group’ claim that the Hollywood star’s lavish spending led him to the brink of financial ruin.
The ‘Pirates of the Caribbean’ star who recently got divorced from Amber Heard sued his former business team at The Management Group (TMG) for $25 million in a fraud lawsuit.
In his lawsuit, Depp’s lawyers claim, “As a result of years of gross mismanagement and sometimes outright fraud, Mr. Depp lost tens of millions of dollars and has been forced to dispose of significant assets to pay for TMG’s self-dealing and gross misconduct.”
TMG’s Lawsuit that comes in response to the actor's own lawsuit claims: “Depp spent in excess of $75 million to acquire, improve and furnish 14 residences, including a 45-acre chateau in the South of France, a chain of islands in the Bahamas, multiple houses in Hollywood, several penthouse lofts in downtown Los Angeles, and a fully-functioning horse farm in Kentucky.”
"Depp, and Depp alone, is fully responsible for any financial turmoil he finds himself in today," the lawsuit further stated.
TMG says Depp has spent $75 million spent on 14 residences and $18 million on a mega-yacht.