MTL - American Fame and Fortune-Chapter 737 Rich man turns into a loser

Chapter 737 A rich man turns into a loser

 In mid-April, news about Johnny Depp broke out in Hollywood again. Like in recent years, it is still a scandal.

TMZ was the first to report that according to accurate information from the IRS, Johnny Depp has owed taxes for seven consecutive years. The IRS is pursuing tax payments and formulating corresponding penalties.

Subsequently, the Los Angeles branch of the IRS held a press conference to announce Johnny Depp's tax arrears, and would recover taxes, late fees and penalties totaling US$95.6 million!

According to outside estimates, Depp's income from movies in these years will not be less than 650 million US dollars.

 Based on normal circumstances, it is not difficult to make up the tax.

 Faced with the IRS, the best way is to actively pay taxes.

  After all, Hollywood stars are not powerful, and they do not have the capabilities or background of the CIA or FBI.

 But Depp sadly discovered that he had no money to pay taxes!

Hundreds of millions of dollars of funds were all invested by the Mandelkin Investment Company established by brothers Joel and Robert. All investments were made by Depp and had Depp's authorization and signature.

These investments were constantly converted back and forth, with very little income, and many investment projects even lost everything. However, the Mandel brothers, as investment agents, received high commissions of nearly 100 million US dollars based on the agency contracts signed by both parties.

 Depp’s liquidity has long been gone, and his most recent expense was a $5 million loan from the Mandelkin Company.

Drunkards and drug addicts think differently: “Because I spent a lot more money on alcohol than this.”

These seem to be reasonable.

Hundreds of millions of dollars disappeared into thin air. Of course, Depp would not let it go. He immediately sued Joel Mandel and Robert Mandel, accusing the Mandel brothers of financial fraud.

The two revealed in the media that Depp spent tens of millions of dollars to buy an island in the Bahamas that is not suitable for residential and tourism development, and spent tens of millions of dollars to buy classic cars. The annual maintenance of these classic cars requires seven figures.

 The two sides attacked each other, and it was very lively for a while.

For example, Depp stopped memorizing his lines a few years ago and relied entirely on wearing wireless headphones for filming and letting his on-set assistant act as a human teleprompter.

 An interesting situation has arisen. The outside world and even Depp himself think that he has a net worth of more than 500 million US dollars, but in fact it is an empty shell.

And Depp’s friends cost him eight figures a year.

 When Depp was popular and had huge commercial value, these were not problems at all.

What is even more exaggerated is that Depp entrusted Mandelkin Investment Company to manage his finances. Not only that all the money was gone, but he also owed Mandelkin Company $5 million in loans and interest.

  Depp spends 200,000 to 300,000 US dollars on red wine every month.

In order to gain enough advantages in subsequent litigation or out-of-court negotiations, the Mandel brothers also exposed a series of unreliable behaviors of Depp in addition to his financial status.

Depp later claimed in an interview: "Due to Joel and Robert's fraud, a large amount of his property disappeared, and now he has to sell fixed assets to repay the tax arrears."

When Depp was interviewed, he dismissed it: "They said that I spend two to three hundred thousand dollars a month on red wine. They are simply insulting me!"

 But Depp is worse off than those people, because every investment made by the Mandel brothers has Depp's legal authorization.

The Mandel brothers responded that every investment was approved and legally authorized by Depp, and that Depp's financial problems came from his own extravagance.

As for supervision, the person Depp used to supervise Joel, the investment manager, was Joel’s brother Robert.

This situation is not uncommon in Hollywood and the United States, and it happens many times to black stars in the NBA.

As long as he can create enough revenue and **** on everyone on the crew, the film crew won't say anything.

 Other conditions, such as tardiness, alcoholism, drug abuse and absenteeism, are even more common.

 Depp is definitely a super genius.

 The main problem now is not the producers and the media, but the tax bureau.

 …

 In the penthouse of Columbia Tower.

Johnny Depp finally stopped drinking and had a clear head. Facing his lawyer and agent Whigham, he was indignant: "The Mandel brothers caused the tax problem, but I have to bear it? This is unfair !”

Whigham said cautiously: "But the tax recovery notices and fines from the IRS are issued to you."

The lawyer reminded: "The issue between you and the Mandel brothers belongs to your dispute. The IRS will not get involved in this aspect. They will keep an eye on whoever the person or company owes taxes."

Depp was very angry: "I'll just step on the horse and don't care!"

Whigham specifically reminded: "That's the IRS!"

As a person who grew up in the United States, Depp certainly understands the horror of the IRS. He sat slumped on the sofa with his back to the sky and said, "I'm going bankrupt. How can I pay taxes and fines to the IRS!"

 There is no one around to talk.

Amber Heard has been sitting on the sofa in silence. Her husband Depp is in a very bad situation now. His cash flow has dried up and he only has some fixed assets left. He may go bankrupt if he doesn't do it. What did she look for in marrying Depp?

Definitely not the so-called captain's charm, let alone Depp's alcohol and drug addiction, or other bad things.

 Of course it’s money, fame, and everything that comes with it.

Amber looked at Depp. His eye sockets were sunken, his eye bags were thick, his expression was decadent, and his whole body exuded the lingering smell of alcohol.

 Thinking about the Musk I met some time ago, he is really a hundred times better than Depp.

It was time for a divorce. Amber made a decision in her heart and secretly planned to find a good enough time to divorce, because she had given her youth and in return, she had to take something away from Depp.

  Depp is in a bad situation now. She doesn't intend to embarrass him too much. Nine figures are not considered. Eight figures are enough.

Amber looked at Depp again. There was really nothing wrong with him, everything was wrong with him.

 After persuading Depp for a while, agent Whigham suggested: "Sell the fixed assets and pay the IRS taxes and fines first. The longer it is delayed, the worse it will be."

The lawyer promptly reminded: "Once the IRS taxes and fines are overdue, late payment fees will be incurred. The late payment fees will be compounded on a daily basis and the amount will increase sharply."

He specifically gave Depp an example: "It is precisely because of this that Nicolas Cage still has not paid off the tax debt he owes."

In order to pay back taxes and a series of expenses incurred therefrom, Cage has been involved in all kinds of bad movies in recent years, but there is no hope of paying it off.

Depp also heard someone talk about it and said: "Okay, let's sort out my fixed assets. I want to look at the specific list and sell those that can be sold as soon as possible."

He never thought that he would be reduced to this day: "You should deal with it as soon as possible."

Whigham nodded slightly.

The lawyer also had to deal with Depp's case against the Mandel brothers. He had no time to waste here and left first.

Depp suddenly thought of something and asked his agent: "I remember that the crew of "The Lone Ranger" still has a salary of 8 million US dollars that they have not paid. Please contact them quickly and ask them to pay me the money. ”

Whigham said: "I personally went to Annapurna Pictures to discuss this matter with them."

 Depp was tired and needed to drink and take drugs, so he waved his hand casually.

Whigham left Columbia House Eastern and went straight to Annapurna Pictures.

But what he said was an offer from the crew of "The Lone Ranger" to pay Depp his final $8 million salary in advance, but Megan Ellison rejected it.

"According to the terms of our supplementary agreement, the film studio has the right to postpone the final payment until the film is released in North America." The recent bad things that happened to Depp have left Megan Ellison mentally and physically exhausted, and even in crisis. I don’t even know where to start with public relations. There are too many bad things about Depp, and Annapurna’s crisis public relations efforts are all in vain.

 She cheered up and said: "You must restrain Depp and stop making negative news!"

Whigham defended Depp: "This matter has little to do with Depp. He is also a victim and was deceived by the investment manager and accountant! Ms. Ellison, you are well-informed and should understand this kind of incident Insider.”

Of course Meghan saw it clearly and ignored the matter and asked: "What about attacking Martin Davis? Is Depp crazy?"

Whigham said: "Those were three of Depp's friends. They couldn't bear to see Martin Davis bullying Depp. They acted spontaneously and had nothing to do with Depp."

 Meghan couldn’t help but shake her head slightly when she thought about the series of nasty things that happened with the crew of “The Martian” during the filming of “The Lone Ranger”.

The idiots like Depp launched the attack. At least they were able to knock over Martin Davis' car. In the end, these idiots didn't hit the truck or the person, and they even hit him in it.

According to the information she received, the idiot who drove the Hummer into Martin's car may be prosecuted by the Los Angeles prosecutors for endangering public safety and attempted murder in addition to drugged driving. It is inevitable that he will go to jail for a few years to pick up soap.

Whigham argued with Megan Ellison again, but Megan Ellison was very strong, and the final result he got was still "NO"!

Johnny Depp wants to solve the tax crisis as soon as possible, and he can only solve it by selling off fixed assets quickly.

 …

Beverly Hills, Sunset Boulevard North.

The Escalade driven by Bruce turned into the gate of Davis Manor.

The second of the four Carter siblings, Harris Carter looked curiously at Martin's mansion in Los Angeles through the car window.

 The car arrived in front of the villa.

 Harris saw his sister Lily, the familiar Martin, and a blond woman who, like Lily, held Martin's arm with one hand.

He had read in the newspaper and knew that she was Elizabeth Olsen, the Holy Virgin of Coca-Cola and Martin’s girlfriend in Hollywood.

 The car was parked and the door was opened by Lily from the outside.

Harris smiled at his little sister, but before her smile blossomed, Lily greeted her cordially with an Atlanta accent: "Idiot, get out of the car quickly."

"Uh..." Harris stopped laughing, jumped out of the car, looked at Martin who was approaching, and asked: "Boss, what do you want from me?"

 (End of this chapter)