Johnny Depp's Managers Air His Dirty Laundry About Reckless Spending Habits
It looks like Johnny Depp's legal woes are mounting rather that slowing down. Late Monday, Depp's emails detailing his financial crisis were released by The Management Group, which represents Depp and with which he is currently locked in a legal battle. It turns out that Depp was even more woefully in debt than we ever could have imagined; the airing of this dirty laundry is going to sting for a long time.
E! News obtained the official documents, which "include 11 exhibits of email correspondence between Depp himself, his sister Christi Dembrowski, and other lawyers, agents, managers and bankers regarding the movie star's accounts." E! was also able to report that these emails allege Depp's accounts were overdrawn by nearly $4 million as of 2010. This is bad, bad news for Depp.
The emails also make it appear that Depp's spending has been out of control for quite some time. In 2009, around the time that Depp starred in Public Enemies, his business manager Joel Mandel reportedly reached out to him to discuss curbing his spending habits. As E! reports, "He advised his client to 'take it easy on holiday spending' and 'discuss some dollar limit' on participating in a Dillinger Museum auction," which implies the Pirates of the Caribbean star's spending habits were not only lavish, but they were reckless as well.
While Depp acknowledged his spending was out of control and repeatedly attempted to quell Mandel's worries about his spending (including telling him that he would try to curb holiday spending during a family vacation), he appears to have believed his large salaries in various films were a solution to his financial woes. "According to Johnny, he was set to earn $20 million for The Tourist, $35 million for Pirates of the Caribbean: On Stranger Tides and $20 million for Dark Shadows," E! reported. Now, amid this legal battle, it seems as if this money has come and gone.
This battle began when Depp alleged that his business managers cost him millions in their handling of his finances. TMG alleges these emails will help to prove that it was Depp who was at fault and not them. Per E!'s report, TMG stated that "Depp wants to deny this discovery because it will establish that TMG did everything within its power to make Depp, and all of his closest advisors, fully aware of Depp's financial condition. If TMG was trying to hide Depp's finances to cover-up their alleged misconduct, they would not have repeatedly advised Depp's long-term personal lawyer, Jake Bloom, and his longtime agent, Tracey Jacobs, regarding the situation."