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Michael Jackson allegedly used 20 aliases to apply for bank loans
Michael Jackson allegedly used 20 aliases to apply for bank loans
Michael Jackson allegedly used 20 aliases to apply for bank loans.
The late singer - who died from a suspected cardiac arrest last week -
reportedly used several variations of his name because his credit history
was so poor and financial institutions were reluctant to give him money.
In 2007, the 'Thriller' singer - who was raised in the Jehovah's Witness
faith - allegedly applied for loans under the names President Mr Michael
Jackson, Michael JJJ Christ-Jehovah, Michael J Jackson ChristJeh, Michael
Jackson Jehovah and Mike J Jackson.
He also reportedly used alternative spellings of Michael - Micheal and
Micheel - in a bid to trick bank managers.
According to Britain's The Sun newspaper, leaked financial documents linked
to some of Michael's properties show the failed applications.
It is illegal to give a false name to a financial institution for money for
the purpose of influencing the bank's decision and anyone found guilty could
face fines of $1 million, 30 years in prison or both.
Despite being one of the most successful musicians of all time, Michael has
struggled financially in recent years and was reportedly desperate for
monetary help.
A source said: "Michael Jackson's financial affairs were beyond a mess with
county court judgements and taxes owed all over the place. No bank was
prepared to bail him out."
Meanwhile, Tommy Mottola, the former boss of Sony music - who own the
distribution rights to Michael's music - has revealed the label has "dozens"
of unreleased tracks in storage which could guarantee the pop legend a place
in the charts for the next 30 years.
He said: "There are dozens of songs that did not end up on any of his
albums. People will be hearing a lot of that unreleased material for the
first time ever. There's just some genius and brilliance in there.
"The releases could go on and on for years - even more than Elvis."
According to record sources, the collection of tracks includes recently
recorded material with Black Eyed Peas singer will.i.am and
singer-and-producer Akon.
Tommy also said the collection includes singles left off Michael's earlier
LPs, including 'Bad' and 'HIStory'.
It is believed Michael - who currently holds nine out of the 10 top US album
chart spots - kept the unreleased tracks back to ensure financial security
for his three children Prince Michael, 12, Paris, 11, and seven-year-old
Prince Michael II.
Meanwhile, details of the late singer's will - which was released yesterday
(02.07.09) - have been revealed.
Michael's mother Katherine Jackson will reportedly get 40 per cent of the
assets, his three children will get a further 40 per cent and the remaining
20 per cent will be donated to several children's charities.
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