It's not uncommon for celebrities to lose a lot, or all of their money, by not managing it well. Look at Mike Tyson and countless others. The story is true. Michael has spent a lot of money on trials and other crap, such as making his appearance look more alien like. Plus his albums don't sell well anymore. I'm surprised the Jackson's dad hasn't died from a heart attack by now, cause that mofo has a lot of anger inside of him, and nobody talks to him.