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MIJAC CLAIMS BROTHER RANDY TRIED TO STEAL HIS MONEY: Details outlined in singer’s sworn deposition for lawsuit scheduled for trial this week.

(June 18, 2007)
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     *Michael Jackson is accusing his brother Randy and a family friend of trying to steal money from him during his 2005 trial on child molestation charges.

      Details of Jackson’s claims were exposed in a sworn deposition he gave for a federal lawsuit scheduled to go to trial this week, reports the New York Daily News.

      The firm Prescient Acquisition, owned by Darien Dash, is suing Jackson for failing to pay back $48 million he borrowed to refinance a $272 million bank loan and secure $573 million in financing to buy out Sony's half of the Beatles' song catalogue that Jackson co-owned.

      But Jackson claims he's never heard of Dash, a cousin of hip-hop mogul Damon Dash, and has no recollection of signing any agreement.

Undated photo of Steven Randall 'Randy' Jackson

      During the seven hours of transcripts obtained by the Daily News, the King of Pop blames several people for his financial shortcomings, including his younger brother Randy, who has served as his informal counsel on various money matters, reports the newspaper.

      Michael testified that he was pressured to sign off on a multimillion-dollar financing deal during breaks in his child molestation trial. The man pushing the deal was Don Stabler, an associate brought in by Randy whom Michael said left a great first impression.

      "He reminded me of people that live in mid-America like Indiana," Jackson testified.

      But Jackson soon became uncomfortable with Stabler and eventually sought financial advice from billionaire Ron Burkle, a friend of former President Bill Clinton. Burkle, in turn, brought in Jesse Jackson to help with the consultation.

      Burkle was calling him on the cell phone during bathroom breaks, warning him not to sign anything, Michael said during testimony. He said Burkle’s sudden presence in the picture angered Stabler.

      "[Stabler] said, 'What's the problem? You're not down, you're with the Jews now. You're not down with blacks anymore,'" Jackson testified. "It was unkind. It was mean. It was mean-spirited. It was nasty. Simply because he couldn't get me to sign something that he wanted me to sign.”

      At one point during the trial, Michael said Stabler sent a message through one of the singer’s Nation of Islam security guards that questioned his blackness.

      The next time Jackson saw Stabler "he wanted to take my head off," the singer testified.  He said Randy was highly upset as well.

      Jackson claims that Stabler and Randy used a similar tag-team tactic in another instance where they tried to get his signature on a deal. At Neverland ranch, Jackson said his mother was present when he fought off another one of their proposals.

      "And I vehemently told them, 'No, I am not signing this,'" Jackson recalled. "And I just remember how angry, the intensity of the anger in the room. And so they marched out."

      The Daily News says there’s a possibility that Michael Jackson himself may be called to testify in the trial, which is scheduled to begin today.

 

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