Debt-ridden Jacko applied for loans under 20 fake names
3 Jul 2009, 1300 Hrs

Add comment          Mail          Print          Write to Editor

London, July 3 Late King of Pop Michael Jackson was so desperate to have money that he had applied for loans under 20 different names, it has been revealed.

According to the confidential financial papers, the applications for loan went under the pseudonyms President Mr. Michael Jackson, Michael JJJ Christ-Jehovah, Michael J Jackson ChristJeh, Michael Jackson Jehovah, and Mike J Jackson.

He even tried to alter the spelling of his first name using Micheal and Micheel.

The King of Pop's credit score was 447.

Moreover, the maximum allowed limit on the last of four credit cards he was permitted, from Capital One, was 450 dollars.

"Michael Jackson's financial affairs were beyond a mess with county court judgments and taxes owed all over the place. No bank was prepared to bail him out towards the end," the Sun quoted a financial source as saying.

"He was rejected for loan after loan after loan.

"He was getting desperate," the source added.

"It is illegal for a person to make any false statement regarding matters of identification in a loan and credit application for the purpose of influencing in any way the action of a financial institution," said Loan specialist Mike Sikorski, of Florida Realty Network.

"The FBI investigates these crimes where individuals could face up to 30 years in prison, a $1million fine, or both," he added.

It is said that the 'Thriller' hitmaker owed at least 300million dollars when he died, and had been begging banks for money. (ANI)

Related Latest

Pak constitutional experts divided on fate of beneficiaries' liability under contentious NRO Ferguson's overhaul plan puts greats under scrutiny Goa blast case team's investigative skills under cloud Uttar Pradesh to run new medical colleges under PPP UN celebrates 20 years of child rights convention UNICEF State of The World's Children report commemorates 20 years of Convention on Rights of the Child Van Persie, Johnson's placenta therapist under investigation Mariah Carey demands 20 white kittens, 100 doves for UK Christmas party! Dinner under the tent for Manmohan Singh; Bill Clinton won't attend Karzai inauguration ceremony begins under tight security

Related Latest

What kind of China at PM's banquet? Security beefed-up in Mumbai ahead of 26/11 anniversary Test match against India starts from scratch, says Sangkkara Sonia Gandhi assures support to wives of Hemant Karkare, Vijay Salaskar Indian sub-continent is prone to nuclear war: Army Chief Chhattisgarh man, a snake venom junkie Centre to set up six Spice Parks Widows of 26/11 martyrs meet Sonia 'Pigeon' McGrath still as miserly and deadly as in his hey-day India -ASEAN free trade agreement to come into force in January 2010

• What kind of China at PM's banquet?
• Security beefed-up in Mumbai ahead of 26/11 anniversary
• Test match against India starts from scratch, says Sangkkara
• Sonia Gandhi assures support to wives of Hemant Karkare, Vijay Salaskar
• Indian sub-continent is prone to nuclear war: Army Chief

• भारतीय क्रिकेट की मजबूत दीवार
• कंगारूओं के आगे ढेर, चीतों से कैसे मुकाबला करेंगें शेर
• Reducing greenhouse gases may not be enough to slow global warming
• बीकानेर महापौर चुनावः एक विश्लेषण
• Deepawali: The Festival Of Lights