Johnny Depp Alleges Former Managers Took Loans Of 40 Million From Him Without Asking

Depp is suing TMG for fraud. He claims that his former managers began taking loans using his assets as collateral in 2006. The largest loan was for $22 million. Depp also alleges that TMG was irresponsible with his lease. As an example he cites the time they forgot to end the lease at a hospice home for his dying mother. That mistake cost Depp $350,000. Depp also claims that TMG paid one of his neighbors $3,000 a month starting in April 2007 to resolve a dispute. However, TMG never did anything to resolve that dispute or even see if it was a real dispute. They just kept paying the neighbor, which costs Depp $320,000. All of this became clear to Johnny in 2015 when TMG told him that he had to sell off some of his property in France to cover his bills and “remain solvent.” Depp is seeking at lease $25 million from TMG. TMG’s attorney issued a statement saying: This case is ongoing.