New York Post

SUNKEN TREASURE

Depp suffers ‘spending disorder’: ex-biz team

- By CLAIRE ATKINSON and BRUCE GOLDING

Johnny Depp’ s “compulsive spending disorder” is so out of hand, he should see a shrink, his ex-management team said in court papers yesterday.

Johnny Depp needs to see a shrink for “compulsive spending” on luxuries like 14 homes, 45 vehicles and a chain of private islands in the Bahamas, his former business managers claimed Monday.

In the latest legal salvo over Depp’s finances, The Management Group also ridiculed as “laughable” a recent claim by a lawyer for the “Pirates of the Caribbean” star that he spent $30,000 a month on wine as an “investment.”

“Depp would be hard-pressed to find a single bottle of wine that he purchased during his tenure with TMG that he or his various companions have not yet consumed,” the managers remark in court papers.

“Wine is not an investment if you drink it as soon as you buy it.”

TMG pointed to Depp’s interview last week with The Wall Street Journal — in which he said, “It’s my money. If I want to buy 15,000 cotton balls a day, it’s my thing” — as demonstrat­ing his “clear and epic” sense of entitlemen­t and “his psychologi­cal issues.”

“Depp’s extravagan­t spending has often been marked by a lack of impulse control and often increased immediatel­y after [TMG cofounder Joel] Mandel would confront Depp regarding his finances,” court papers said.

“In retrospect, it appears that Depp may suffer from a compulsive spending disorder, which will be proven in this action through a mental examinatio­n of Depp pursuant to California [court rules] and expert testimony.”

Depp — who has made a fortune playing Capt. Jack Sparrow in the Disney “Pirates” series — and TMG have engaged in a war of words in Los Angeles court since January, when the star filed a $25 million-plus suit.

He claims he lost “tens of millions of dollars” to the firm’s alleged fraud and negligence.

TMG hit back the following month by alleging that Depp burned through more than $2 million a month on an “ultra-extravagan­t lifestyle” he couldn’t afford.

The wild spending bought Depp $75 million worth of properties, in- cluding a 45-acre chateau in the south of France, multiple homes in Hollywood and LA and a Kentucky horse farm.

He also spent $18 million on a 150foot yacht and bought more than 200 works by famed artists, “many pieces of expensive world-class jewelry,” 70 collectibl­e guitars and enough Hollywood memorabili­a to fill 12 storage facilities, TMG alleges.

TMG claims he also spent $150,000 a month on personal security for him and his family and $300,000 a month for 40 full-time employees around the world.

An attorney for Depp called TMG’s allegation­s “psychobabb­le.”

“This is how guilty people respond when confronted with the detailed results of a 9 month legal and forensic investigat­ion conducted by 4 firms,” the lawyer, Adam Waldman, said in a statement.

Depp in January finalized a divorce from actress Amber Heard, who accused him of abusing her, which he denies.

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