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Post by MJSUNIFC on Mar 18, 2005 12:40:29 GMT -5
AP/msnbc reports- SANTA MARIA, Calif. - As the latest signal of Michael Jackson's apparent financial difficulties, one of the unindicted co-conspirators in the child molestation case against the pop star intends to slap a lien Friday on Jackson's Neverland ranch, NBC News has learned. F. Mark Schaffel, a gay porn producer who also produced two unaired "rebuttal" videos meant to counter the negative publicity from the 2003 documentary, "Living With Michael Jackson," is seeking to ensure he is repaid what he claims are at least $3 million in outstanding debts: $1 million for production of the two videos, and more than $2 million in personal loans, payments and gifts for such famous Jackson friends as Elizabeth Taylor and Marlon Brando. A lien on Jackson's ranch outside Santa Barbara, which is now valued at more than $22 million, would help put pressure on Jackson to ensure Schaffel is repaid, according to Howard King, Schaffel's attorney. "If he wants to sell all of the Ferris wheels and the trains, our lien will not be against those assets," King told NBC. "It's strictly the real estate." In Jackson's trial, both prosecutors and defense lawyers have suggested the pop star is facing serious financial and cash flow problems. In Jackson's trial, both prosecutors and defense lawyers have suggested the pop star is facing serious financial and cash flow problems. www.msnbc.msn.com/id/7230096/
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