Johnny Depp Claims His Former Managers Are To Blame For His $40-Million Debt

Johnny Depp is currently swimming in some financial troubles, but he is placing the blame elsewhere.

It began in January when the actor sued The Management Group for $25 million with claims of fraud and negligence. In addition to that claim, Depp said the company did not file the actor’s taxes on time and they were taking out high-interest loans in his name.

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The “Pirates of the Caribbean” star alleges that The Management Group is the reason he is currently dealing with a $40-million debt. As a result, the company is countersuing the actor — $560,000 in unpaid fees –blaming his debt on his lavish lifestyle.

“Depp lived an ultra-extravagant lifestyle that often knowingly cost Depp in excess of $2 million per month to maintain, which he simply could not afford,” Michael Kump, the attorney for The Management Group’s owners, Joel Mandel and Rob Mandel, claims.

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“Depp also paid over $3 million to blast from a specially-made cannon the ashes of author Hunter Thompson over Aspen, Co.,” Kump also revealed in a complaint. The actor then refuted that claim, revealing to  The Wall Street Journal that it actually only cost $5 million.

“It’s my money,” Depp said in response to the allegations of his extravagant lifestyle, stating, “If I want to buy 15,000 cotton balls a day, it’s my thing.”

The actor’s ex-managers followed up with a 38-page amended complaint in Los Angeles Supreme Court on Monday, May 1. “Contrary to Depp’s counsel’s recent press statements, Depp and his new business manager Edward White, are the only parties in this action that are attempting to ‘gaslight the public’ and ‘blame the victim,'” said TMG attorney Michael J. Kump per Deadline.

“Contrary to Depp’s recent public statements that his exorbitant purchases were him ‘investing’ his own money,” the amended suit said. “Depp’s extravagant spending has often been marked by a lack of impulse control and often increased immediately after Mandel would confront Depp regarding his finances.”

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