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Reply #90 posted 05/05/05 9:35am

lilgish

avatar



Rainbow!!!!! HEY!!!!!
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Reply #91 posted 05/05/05 9:49am

sosgemini

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lilgish said:



Rainbow!!!!! HEY!!!!!



somebody should have told him, no.. disbelief

cha know how many posters are gonna turn up at pride? giggle
Space for sale...
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Reply #92 posted 05/05/05 10:12am

dreamfactory31
3

lilgish said:

From CTV board:

Savannah Guthrie Sums It Up Perfectly

On Dan Abrams she basically breaks down the prosecution's case the best of all the THs

"It's the fundemental absurdity of the prosecution's case that's hardest to over come"

And she's absolutely right. The timeline of all of these events don't add up. It was the problem before the case began and its defintely a problem now. And now that Rudy "the bombshell witness" P has had his turn, with dates all screwed up in his journal of events that he found two weeks ago, we now know that the timeline is more important than everything. According to reports the dates of the possible molestation could only be four days that MJ was at Neverland in early March/late February.

Now after 80 witnesses and what's really tied to MJ. The accusers words against MJ. Right where we started."

I couldnt agree more. nod
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Reply #93 posted 05/05/05 10:40am

CinisterCee

lilgish said:



Rainbow!!!!! HEY!!!!!


whistle Mike's comin' out dancing jig
He wants the world to knooo
got to let it showw


mr.green
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Reply #94 posted 05/05/05 10:58am

BlueNote

avatar

lilgish said:



Rainbow!!!!! HEY!!!!!


No disrespect to the gay community, but this isn't a gay thing. Maybe a mexican gay thing. Happy cinco de mayo!

BlueNote
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Reply #95 posted 05/05/05 11:05am

lilgish

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Wade Robson





lol
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Reply #96 posted 05/05/05 11:51am

dreamfactory31
3

Is Wade still doing his dance competition show on MTV?
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Reply #97 posted 05/05/05 12:19pm

CinisterCee



2 things:

1. Was it actually raining? Looks like there is rain on his shoulders. MJ uses umbrellas everyday so that confuses things.

2. How can I grow sweet sideburns like Wade? confused
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Reply #98 posted 05/05/05 1:40pm

lilgish

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Brett Barnes
[Edited 5/5/05 13:40pm]
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Reply #99 posted 05/05/05 1:56pm

sosgemini

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who's brett barnes? besides someone i want in my bed that is...
Space for sale...
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Reply #100 posted 05/05/05 1:57pm

sosgemini

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omfg

i just noticed that vietnam wall memorial for jacko fans..

fucking pathetic... disbelief
Space for sale...
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Reply #101 posted 05/05/05 1:59pm

CinisterCee

sosgemini said:

who's brett barnes? besides someone i want in my bed that is...


someone MJ wanted in his bed in 1993 and got a huge













settlement
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Reply #102 posted 05/05/05 2:00pm

sosgemini

avatar

CinisterCee said:

sosgemini said:

who's brett barnes? besides someone i want in my bed that is...


someone MJ wanted in his bed in 1993 and got a huge





oh..is this *that* one? the one in europe right now?







settlement
Space for sale...
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Reply #103 posted 05/05/05 2:02pm

sag10

avatar

lilgish said:



Rainbow!!!!! HEY!!!!!



More like celebrating Cinco De Mayo!
^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^
Being happy doesn't mean that everything is perfect, it means you've decided to look beyond the imperfections... unknown
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Reply #104 posted 05/05/05 2:10pm

namepeace

This pretty much sums it up right here. I think MJ is a free man by the Fourth of July.

http://www.msnbc.msn.com/id/7748200/
Good night, sweet Prince | 7 June 1958 - 21 April 2016

Props will be withheld until the showing and proving has commenced. -- Aaron McGruder
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Reply #105 posted 05/05/05 2:18pm

Marrk

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According to Diane Demonoid on Court TV...

Britney's choreographer Wade Robson was on the stand today.

DIRECT:

- Robson went to Neverland many, many times
- Every time he went to Neverland, he slept in the bed with Jackon
- Didn't see anything wrong with it
- There were other boys that sometimes slept in the bed
- A couple of times there were some girls
- Q: "Did he ever molest you, touch you inappropriately, etc.?"
- A: "Absolutely not."
- Q: "Did you ever take a shower with Michael Jackson?"
- A: "No. There was a shower there, but I only ever used it by myself."


CROSS:

- Rapid fire delivery
- Zonen not rude or mean, but fired question after question
- Robson began to slump, voice got softer and softer
- "When was first time you slept with Jackson?
- "When I was seven. But you're making it sound more sinister."
- Never been in any bed except his father's and Jackson's
- Q: "When he ever danced with you, did he ever grab your crotch?"
- A: "No, he didn't."
- Maybe 2-3 times he didn't sleep with Jackson
- Met Barnes when he was 9 years old
- Slept in bed with Culkin and Jackson
- Nothing ever happened
- Never stayed in Jackson's room after he was 14-15


REDIRECT:

- Q: "Did you dress like him because he wanted you to?"
- A: No, dressed like him cause I wanted to.
- Some other quick questions / answers

RE-CROSS:

- Showed "The Boy" book to him, asking him to describe the boys positions
- Went through several books
- Q: "Would you feel comfortable sleeping with him knowing he had these books?"
- A: "(pause) Well, no."

Ho-hum.rolleyes
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Reply #106 posted 05/05/05 2:24pm

namepeace

Marrk said:

According to Diane Demonoid on Court TV...

Britney's choreographer Wade Robson was on the stand today.

DIRECT:

- Robson went to Neverland many, many times
- Every time he went to Neverland, he slept in the bed with Jackon
- Didn't see anything wrong with it
- There were other boys that sometimes slept in the bed
- A couple of times there were some girls
- Q: "Did he ever molest you, touch you inappropriately, etc.?"
- A: "Absolutely not."
- Q: "Did you ever take a shower with Michael Jackson?"
- A: "No. There was a shower there, but I only ever used it by myself."


CROSS:

- Rapid fire delivery
- Zonen not rude or mean, but fired question after question
- Robson began to slump, voice got softer and softer
- "When was first time you slept with Jackson?
- "When I was seven. But you're making it sound more sinister."
- Never been in any bed except his father's and Jackson's
- Q: "When he ever danced with you, did he ever grab your crotch?"
- A: "No, he didn't."
- Maybe 2-3 times he didn't sleep with Jackson
- Met Barnes when he was 9 years old
- Slept in bed with Culkin and Jackson
- Nothing ever happened
- Never stayed in Jackson's room after he was 14-15


REDIRECT:

- Q: "Did you dress like him because he wanted you to?"
- A: No, dressed like him cause I wanted to.
- Some other quick questions / answers

RE-CROSS:

- Showed "The Boy" book to him, asking him to describe the boys positions
- Went through several books
- Q: "Would you feel comfortable sleeping with him knowing he had these books?"
- A: "(pause) Well, no."

Ho-hum.rolleyes


I hope those of MJ's fans who defend his habits are finally realizing why MJ shoulda left them boys alone. This is Exhibit A.
Good night, sweet Prince | 7 June 1958 - 21 April 2016

Props will be withheld until the showing and proving has commenced. -- Aaron McGruder
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Reply #107 posted 05/05/05 2:25pm

Marrk

avatar

Deutsch

Jackson defense opens case after losing bid for acquittal
By LINDA DEUTSCH, AP Special Correspondent

Thursday, May 5, 2005

Michael Jackson's defense opened its case Thursday by calling a young man who testified he has known the pop star since age 5 and denied any molestation or inappropriate touching by the pop star.

The defense called Wade J. Robson, 22, to the stand after Judge Rodney S. Melville turned down a motion to acquit Jackson on grounds that prosecutors failed to prove the molestation and conspiracy case.

Robson, a professional dancer, was among individuals mentioned in the portion of the prosecution case intended to show that Jackson has a pattern of past inappropriate behavior with boys.

Jackson attorney Thomas Mesereau Jr. asked Robson if Jackson had ever molested him.

"Absolutely not," the witness said.

Robson was also asked if Jackson had ever touched him in an inappropriate way or a sexual way, and the witness said no to both questions.

Robson said he stayed at Jackson's Neverland ranch more than 20 times and has slept in Jackson's bedroom. He said there were only about three or four visits when he did not sleep in Jackson's bed.

A former Jackson maid, the mother of a boy who got a multimillion-dollar settlement from Jackson in the 1990s after accusing the star of molestation, testified previously that she once saw Jackson showering with Robson.

Robson said he had never showered with Jackson.

Asked if he ever swam with Jackson, Robson said he and his sister went into a Jacuzzi with Jackson on their first visit to Neverland.

Mesereau asked Robson what he did when he stayed in Jackson's room.

Robson said they played video games, watched movies and talked.

"We have pillow fights every now and again," Robson said.

In cross-examination, prosecutor Ron Zonen noted Robson's testimony that nothing sexual happened, said to the witness: "What you're really telling us is that nothing happened when you were awake." (WTF!? mad )

Robson insisted nothing sexual occurred at any time.

"I would think something like that would wake me up," he said.

Zonen then sought to suggest that the witness was often so exhausted by practicing dance and having fun at the ranch that he might have slept heavily. eek lol

Under further cross-examination, Robson acknowledge that Jackson helped him move from Australia to the United States in September 1991 and that he was grateful for the help.

Jackson is accused of molesting a 13-year-old cancer survivor in February or March 2003 at his Neverland ranch, giving him wine and conspiring to hold the accuser and his family captive to get them to make video to rebut a damaging documentary about Jackson that aired in the U.S. on Feb. 6, 2003.

In "Living With Michael Jackson," the boy appeared with Jackson, who told interviewer Martin Bashir that he let children sleep in his bed but asserted that it was an innocent and non-sexual practice.

The motion for acquittal was filed by the defense immediately after the prosecution rested Wednesday. Such motions are common and are rarely successful.

A Jackson lawyer made an impassioned plea to the judge to dismiss the charges, saying that the prosecution built a case on witnesses who were liars, including the main accuser and his mother.

"One has to wonder, would this case have gone anywhere if Michael Jackson wasn't the defendant?" said attorney Robert Sanger. "... The court has to say we've expended all these resources and where are we? ... We have witnesses who committed perjury on the stand."

District Attorney Tom Sneddon, who has pursued Jackson for more than a decade, countered that the evidence was overwhelming and that he was "sick and tired" of defense claims that witnesses committed perjury.

On the conspiracy count, he compared the Jackson case to narcotics cases in which conspiracies are proven by the actions of co-conspirators, not the mastermind.

"The fact is Michael Jackson had a role and he was the beneficiary of the conspiracy," Sneddon said.

"The motive of Michael Jackson is clear," he said. "The evidence is overwhelming. This was a death threat to his career. He was hemorrhaging financially. He had a cash-flow problem. The Bashir film was the last stroke that was going to end his career if something wasn't done."

Associated Press Writer Tim Molloy contributed to this report.

Sneddon "sick and tired" eh?

he's not the only one. neutral
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Reply #108 posted 05/05/05 2:46pm

Marrk

avatar

namepeace said:

Marrk said:

According to Diane Demonoid on Court TV...

Britney's choreographer Wade Robson was on the stand today.

DIRECT:

- Robson went to Neverland many, many times
- Every time he went to Neverland, he slept in the bed with Jackon
- Didn't see anything wrong with it
- There were other boys that sometimes slept in the bed
- A couple of times there were some girls
- Q: "Did he ever molest you, touch you inappropriately, etc.?"
- A: "Absolutely not."
- Q: "Did you ever take a shower with Michael Jackson?"
- A: "No. There was a shower there, but I only ever used it by myself."


CROSS:

- Rapid fire delivery
- Zonen not rude or mean, but fired question after question
- Robson began to slump, voice got softer and softer
- "When was first time you slept with Jackson?
- "When I was seven. But you're making it sound more sinister."
- Never been in any bed except his father's and Jackson's
- Q: "When he ever danced with you, did he ever grab your crotch?"
- A: "No, he didn't."
- Maybe 2-3 times he didn't sleep with Jackson
- Met Barnes when he was 9 years old
- Slept in bed with Culkin and Jackson
- Nothing ever happened
- Never stayed in Jackson's room after he was 14-15


REDIRECT:

- Q: "Did you dress like him because he wanted you to?"
- A: No, dressed like him cause I wanted to.
- Some other quick questions / answers

RE-CROSS:

- Showed "The Boy" book to him, asking him to describe the boys positions
- Went through several books
- Q: "Would you feel comfortable sleeping with him knowing he had these books?"
- A: "(pause) Well, no."

Ho-hum.rolleyes


I hope those of MJ's fans who defend his habits are finally realizing why MJ shoulda left them boys alone. This is Exhibit A.


A legal book from the 1960's. Diane Dimond forked out $250 just so she could wave it around on TV. somebody said the dirt is in the eye of the beholder, i'd go along with that. I've seen some pics from said book here on the org a few months back, there wasn't anything sexually posed as far as i could tell (boys feeding rabbits etc). The dust jacket actually invites parents to own the book and that actually does have a nude kid on the cover staring out to sea. I wouldn't class it as anything sinister personally, but then, that was the 60's and this is now. If it was deemed art photography then, it should be now.

Remember he's not been charged with any childporn offences, and he has a library containing over a million books, and two photography books and a shitload of legal hetero porn was all they could muster in numerous raids.

Nothing on his hard drives, no video recordings, no polaroids.
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Reply #109 posted 05/05/05 2:56pm

lilgish

avatar

CinisterCee said:

sosgemini said:

who's brett barnes? besides someone i want in my bed that is...


someone MJ wanted in his bed in 1993 and got a huge
settlement


no, you mean jordy "he's not white!!!!" Chandler


Barnes said nothing happened from the jump
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Reply #110 posted 05/05/05 3:11pm

namepeace

Marrk said:

namepeace said:



I hope those of MJ's fans who defend his habits are finally realizing why MJ shoulda left them boys alone. This is Exhibit A.


A legal book from the 1960's. Diane Dimond forked out $250 just so she could wave it around on TV. somebody said the dirt is in the eye of the beholder, i'd go along with that. I've seen some pics from said book here on the org a few months back, there wasn't anything sexually posed as far as i could tell (boys feeding rabbits etc). The dust jacket actually invites parents to own the book and that actually does have a nude kid on the cover staring out to sea. I wouldn't class it as anything sinister personally, but then, that was the 60's and this is now. If it was deemed art photography then, it should be now.

Remember he's not been charged with any childporn offences, and he has a library containing over a million books, and two photography books and a shitload of legal hetero porn was all they could muster in numerous raids.

Nothing on his hard drives, no video recordings, no polaroids.


But that's not my point. Sleeping with young boys will catch you a case. This testimony is Exhibit A. Not the book.

Why?

Because although this witness insisted nothing happened, a jury -- and most people for that matter -- find MJ's sleeping habits unsettling. Even if it IS innocent, it still invites suspicion. And when MJ does it, he might as well hang an "INDICT ME" sign around his neck.
Good night, sweet Prince | 7 June 1958 - 21 April 2016

Props will be withheld until the showing and proving has commenced. -- Aaron McGruder
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Reply #111 posted 05/05/05 3:31pm

lilgish

avatar

Marrk said:



RE-CROSS:

- Showed "The Boy" book to him, asking him to describe the boys positions
- Went through several books
- Q: "Would you feel comfortable sleeping with him knowing he had these books?"
- A: "(pause) Well, no."

Ho-hum.rolleyes


What the bitch left out:

Zonen asked Robson to look at the book about boys and asked if he would be concerned about a person who owns such a book sharing a bed with a boy.

"No," Robson said. "To me it's not a pornographic book. It's just a book."

But when shown the book depicting men in sex acts, the witness appeared taken aback.

"Would you be concerned with a man who possesses that book crawling into bed with a 10-year-old boy?" Zonen asked.

Robson paused and said quietly, "Yes."

Mesereau quickly countered, asking Robson if he would feel differently if he knew that Jackson also had a collection of 10 years' worth of Playboy, Hustler and other heterosexual magazines.

Robson said he would feel differently and would no longer be concerned about it.

Mesereau also pointed to a woman in the courtroom and said, "Mr. Robson, that is your fiancee right there, correct?"

"Yes," said the witness.

"You are heterosexual, correct?" Mesereau asked.

"Yes," Robson said.
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Reply #112 posted 05/05/05 3:36pm

Marrk

avatar

namepeace said:

Marrk said:



A legal book from the 1960's. Diane Dimond forked out $250 just so she could wave it around on TV. somebody said the dirt is in the eye of the beholder, i'd go along with that. I've seen some pics from said book here on the org a few months back, there wasn't anything sexually posed as far as i could tell (boys feeding rabbits etc). The dust jacket actually invites parents to own the book and that actually does have a nude kid on the cover staring out to sea. I wouldn't class it as anything sinister personally, but then, that was the 60's and this is now. If it was deemed art photography then, it should be now.

Remember he's not been charged with any childporn offences, and he has a library containing over a million books, and two photography books and a shitload of legal hetero porn was all they could muster in numerous raids.

Nothing on his hard drives, no video recordings, no polaroids.


But that's not my point. Sleeping with young boys will catch you a case. This testimony is Exhibit A. Not the book.

Why?

Because although this witness insisted nothing happened, a jury -- and most people for that matter -- find MJ's sleeping habits unsettling. Even if it IS innocent, it still invites suspicion. And when MJ does it, he might as well hang an "INDICT ME" sign around his neck.


I agree. The fact Wade found one of the books distasteful only makes his testimony more credible IMO though.

I was in error, it was actually a gay porn mag he was shown, he wasn't fazed by 'The Boy' book apparently. The only thing that matters is he destroyed the maids testimony.

Though it'll be spun and twisted and not even reported at all in some circles. shrug
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Reply #113 posted 05/05/05 3:55pm

CinisterCee

lilgish said:


Mesereau quickly countered, asking Robson if he would feel differently if he knew that Jackson also had a collection of 10 years' worth of Playboy, Hustler and other heterosexual magazines.


giggle I hope Katherine wasn't there today.
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Reply #114 posted 05/05/05 3:58pm

calldapplwonde
ry83

"The motive of Michael Jackson is clear," he said. "The evidence is overwhelming. This was a death threat to his career. He was hemorrhaging financially. He had a cash-flow problem. The Bashir film was the last stroke that was going to end his career if something wasn't done."



He's such a fucking idiot. Now that he knows himself that his main case, Jackson molesting the boy, has gone out the window, he's trying to rescue one of the complimentary accusations, by emphazising how incredibly damaging this documentary was to his career. In fact, it wasn't. Until the they started the trial.
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Reply #115 posted 05/05/05 3:59pm

lilgish

avatar

lilgish said:

But when shown the book depicting men in sex acts, the witness appeared taken aback.

"Would you be concerned with a man who possesses that book crawling into bed with a 10-year-old boy?" Zonen asked.

Robson paused and said quietly, "Yes."

Mesereau quickly countered, asking Robson if he would feel differently if he knew that Jackson also had a collection of 10 years' worth of Playboy, Hustler and other heterosexual magazines.

Robson said he would feel differently and would no longer be concerned about it.

Mesereau also pointed to a woman in the courtroom and said, "Mr. Robson, that is your fiancee right there, correct?"

"Yes," said the witness.

"You are heterosexual, correct?" Mesereau asked.

"Yes," Robson said
.


I knew homophobia would rear it's head in this. So mike can't have any gay legal material ?
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Reply #116 posted 05/05/05 4:15pm

CinisterCee

lilgish said:

lilgish said:

But when shown the book depicting men in sex acts, the witness appeared taken aback.

"Would you be concerned with a man who possesses that book crawling into bed with a 10-year-old boy?" Zonen asked.

Robson paused and said quietly, "Yes."

Mesereau quickly countered, asking Robson if he would feel differently if he knew that Jackson also had a collection of 10 years' worth of Playboy, Hustler and other heterosexual magazines.

Robson said he would feel differently and would no longer be concerned about it.

Mesereau also pointed to a woman in the courtroom and said, "Mr. Robson, that is your fiancee right there, correct?"

"Yes," said the witness.

"You are heterosexual, correct?" Mesereau asked.

"Yes," Robson said
.


I knew homophobia would rear it's head in this. So mike can't have any gay legal material ?


^^^The realest shit I read today, gish.
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Reply #117 posted 05/05/05 5:25pm

Luv4oneanotha

lilgish said:

lilgish said:

But when shown the book depicting men in sex acts, the witness appeared taken aback.

"Would you be concerned with a man who possesses that book crawling into bed with a 10-year-old boy?" Zonen asked.

Robson paused and said quietly, "Yes."

Mesereau quickly countered, asking Robson if he would feel differently if he knew that Jackson also had a collection of 10 years' worth of Playboy, Hustler and other heterosexual magazines.

Robson said he would feel differently and would no longer be concerned about it.

Mesereau also pointed to a woman in the courtroom and said, "Mr. Robson, that is your fiancee right there, correct?"

"Yes," said the witness.

"You are heterosexual, correct?" Mesereau asked.

"Yes," Robson said
.


I knew homophobia would rear it's head in this. So mike can't have any gay legal material ?


sadly it does...
if Jackson was openly gay it would be a huge blow to his defense

for the mere fact that Gay's are often accused when it comes to child molestation cases...

when in fact statistics show Straight males do it more often...
but homophobia fights with a vengence
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Reply #118 posted 05/05/05 5:59pm

krayzie

avatar

Michael Jackson to lose Beatles catalog?

The cash-strapped pop star on trial for child molestation finds some of his assets threatened.

May 5, 2005: 3:53 PM EDT

By Krysten Crawford, CNN/Money staff writer

Michael Jackson may lose his stake in the lucrative Beatles song catalog, as well as other assets.

NEW YORK (CNN/Money) - Michael Jackson, the legendary pop star facing child molestation charges, could lose his stake in the lucrative Beatles music catalog as well as the rights to his own platinum-selling songs.

Two loans estimated at $270 million that are tied to the Beatles catalog and other assets have been sold by Bank of America, the nation's No. 2 bank, to a private hedge fund, according to people familiar with the transaction.

Jackson's financial troubles have been known for years. To secure the Bank of America loans in 2001, Jackson offered as collateral his 50 percent stake in a Sony partnership that holds copyrights to more than 200 Beatles songs. The loans were also backed by Jackson's own music library and a partial deed on his Neverland ranch in Santa Ynez, Calif.

Technically Jackson has defaulted on loan payments, one of the sources said.

Typically, when a debtor defaults or is about to default on a loan, terms are renegotiated. Another option is for the lender to sell the loan -- and the collateral that comes with it -- to another party. Bank of America chose to sell the loans to the hedge fund, New York-based Fortress Investment Group.

Depending on negotiations with Fortress, the risk that Jackson could lose the copyrights to the Beatles songs as well as his own hit recordings is real.

An accountant testifying at Jackson's child molestation trial this week told jurors that the rock star is in financial straits. Forensic accountant John Duross O'Bryan said Jackson is spending about $20 million to $30 million a year more than he earns.

Jackson, Duross O'Bryan testified, has liabilities of about $415 million. The result is "an ongoing cash crisis," Duross O'Bryan testified.

To fund his lavish lifestyle, Jackson has borrowed against his assets. Duross O'Bryan said that one of the loans that Bank of America sold to Fortress, valued at $200 million, is due in December 2005.

Bank of America declined comment.

Peter Briger, a principal at Fortress, did not return a call seeking comment. The company, according to its Web site, manages $15 billion in assets, a third of which is invested in distressed debts.

Jackson's $47.5 million pays off
Losing the Beatles rights could put into play one of the world's most valuable song portfolios.

Jackson, 46, acquired the Beatles song catalog in 1985 for $47.5 million, outbidding ex-Beatles singer/bassist Paul McCartney. Jackson then sold a piece of his stake to Sony a decade later, creating a joint venture called Sony/ATV Music Publishing. The venture is now believed to be worth more than $400 million.

Song catalogs have become hugely lucrative in the last two decades due to the compact disc boom, rising sales of Internet downloads, and movie studios and advertisers willing to pay royalties to use hit songs in film scores and commercials.

Jackson, through Sony/ATV, owns all but a small selection of the Fab Four's compositions, including megahits like "Yesterday," "Let It Be," and "Sgt. Pepper's Lonely Hearts Club Band." He does not, however, own the actual sound recordings; those rights are held by EMI's Capitol Records.

Royalty arrangements can be quite complicated. Basically, Jackson and Sony receive a fee each time one of the Beatles songs is played on the radio or a Beatles album is sold. Industry royalty rates for single-song plays can run under 10 cents, while rights holders typically earn a small percentage on each album sold.

It's hardly chump change: the small amounts add up to millions of dollars in revenues a year.

Another major revenue stream for Jackson is Mijac Music, the copyright holder on all of his hits and other artists' songs. Mijac is thought to be worth roughly $75 million, according to reports.

Despite Jackson's shaky finances, the long-term value of his $475 million worth of song libraries drew Fortress Investment's interest, speculated James Dunn, a vice president at InvestorForce, a Wayne, Penn.-based investment adviser to institutional investors.

"That's clearly the trade they're making" in placing a bet on Jackson's debts.

Hedge funds are largely unregulated investment vehicles that are designed for wealthy investors looking for big returns on riskier bets. According to InvestorForce, there are more than 4,000 such funds with more than $800 billion in assets.

A small fraction of hedge funds invest in what are known as distressed securities, such as debts like Jackson's.

Jackson was indicted last year on charges he molested a boy, then 13, providing him with alcohol, and then conspiring to hold him and his family hostage after a damaging TV documentary about Jackson and the boy aired.

Jackson has denied the charges against him.

http://money.cnn.com/2005.../index.htm
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Reply #119 posted 05/05/05 7:21pm

Luv4oneanotha

nah
he's got some billionaire backing him who will pay off his debts...
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Forums > Music: Non-Prince > The Official Michael Jackson in Court Thread X