The gloved claims that during breaks in his child molestation trial, his brother Randy introduced him to an associate by the name of Don Stabler. The two pressured him to sign off on a multi-million dollar financing deal.

"It's full of sharks, charlatans and imposters," Jackson said of the entertainment industry in the testimony taken last summer in Paris.

"Because there's a lot of money involved, there's a bunch of schmucks in there… It's the entertainment world, full of thieves and crooks. That's not new. Everybody knows that."

Jackson goes on to say in the testimony that he consulted with mutual friend of his and Bill Clinton's who put him in contact with Jesse Jackson. They told him to steer clear of Sabler's deal and not to sign a thing.

He eventually told Sabler and Randy that he wouldn't sign and they were furious.

Jackson testified, "[Stabler] said, 'What's the problem? You're not down, you're with the Jews now. You're not down with blacks anymore,'"

"It was unkind," Jackson added. "It was mean. It was mean-spirited. It was nasty. Simply because he couldn't get me to sign something that he wanted me to sign."

Oh Michael, another trial? I guess one good thing can come of this – you could show up to court in pajama pants again. That was priceless!

By EMMIS RODRIGUEZ