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Lindsay Lohan Headed For Money Troubles?

Submitted by on October 25, 2012 – 9:39 am Comments

Here is a bit of news that will have you yelling ‘what the hell’. Lindsay Lohan might actually be going broke, if reports are to be believed. The reason being given for this unfortunate turn of events is bad business decisions that have been made.  According to TMZ, her management team has revealed she’s been ‘recklessly stashing her cash in unsafe places’. Well, we though she had so much money stashed away that she could afford to make foolish mistakes as far as were life was concerned, but that certainly doesn’t seem to be the case.

Guess she did not learn anything from another reformed wild-child Britney Spears. Spears might have done really crazy things in life, but when it came to stashing away her money safely, she did a pretty good job of it. In fact, just recently, yours truly had reported about how loaded Britney is. Coming back to Lindsay, it is being reported that Michael Lohan and lawyer Dave Feldman exchanged text messages about Lindsay’s recent money-making deal with energy drink Mr. Pink. According to the text sent by Michael, Lindsay was paid approximately £93,000 in cash for appearing at the event which the Mean Girls star then gave to her brother Michael Jr to look after.

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Probably now, you are getting a clearer picture of what those bad business decisions might have been. Michael Jr has the very same Lohan gene that Lindsay has, so it can be safely assumed that he did not do, anything smart with that money for sure. Michael’s worry though was something different. He was worried that, Lindsay had a fight with her mother and her mother has access to Michael Jr’s bank accounts, which in other words could mean she would try to wipe off the accounts out of spite.

Lindsay’s lawyer has allegedly said she was ‘even more stupid’ for not including her management team on the drinks deal because they could have negotiated even more cash, and made sure it was safe. Well you can’t help but yell ‘what the hell’ at the state of affairs. Michael though has suggested something smart on his part, by recommending that Britney’s money be handled by a conservator, as she isn’t smart enough to do it herself. Let us hope the conservator is appointed soon enough, so that there is some amount of money left to conservate.

Nigel Owen

Nigel is a graduate from Birmingham University, Nigel has worked for about 8 years in the banking industry, until one day he discovered his passion for writing. It basically gives him the opportunity to enlighten himself about subjects and things that he normally might not come across.

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