Tuesday, March 26, 2013
On 10:36 PM by Staff No comments
It costs a lot to be Dionne Warwick. The “Do You Know the Way to San Jose” songstress filed for bankruptcy through a federal court in her home state of New Jersey last week, claiming that while she brings in nearly $21,000 in monthly income, she spends all but $10 of it on expenses.
The documents also state that she only has $25,500 in assets and owes more than $10 million to the IRS. The need to file for bankruptcy, Warwick’s publicist Kevin Sasaki said in a statement sent to omg!, was thanks to “negligent and gross financial mismanagement” during several consecutive years in the 1980s and 1990s.
Though the actual overdue back taxes have been paid, according to Sasaki, Warwick owes the mind-blowing amount in accrued penalties and interest.
“In light of the magnitude of her tax liabilities, Warwick has repeatedly attempted to offer re-payment plans and proposals to the IRS and the California Franchise Tax Board for taxes owed. These plans were not accepted, resulting in escalating interest and penalties,” continued Sasaki.
Los Angeles-based bankruptcy attorney David L. Neale, who isn’t involved with Warwick’s case, but has studied her filing, tells omg! that it’s very likely the singer could walk away with a clean slate, since her tax obligations reach so far back that they would most likely be considered dischargable. Though other parties she owes could ostensibly sue her for payment, of the $10.72 million Warwick’s filing states she owes to creditors, only about $500,000 is owed to parties other than the IRS
...More
The documents also state that she only has $25,500 in assets and owes more than $10 million to the IRS. The need to file for bankruptcy, Warwick’s publicist Kevin Sasaki said in a statement sent to omg!, was thanks to “negligent and gross financial mismanagement” during several consecutive years in the 1980s and 1990s.
Though the actual overdue back taxes have been paid, according to Sasaki, Warwick owes the mind-blowing amount in accrued penalties and interest.
“In light of the magnitude of her tax liabilities, Warwick has repeatedly attempted to offer re-payment plans and proposals to the IRS and the California Franchise Tax Board for taxes owed. These plans were not accepted, resulting in escalating interest and penalties,” continued Sasaki.
Los Angeles-based bankruptcy attorney David L. Neale, who isn’t involved with Warwick’s case, but has studied her filing, tells omg! that it’s very likely the singer could walk away with a clean slate, since her tax obligations reach so far back that they would most likely be considered dischargable. Though other parties she owes could ostensibly sue her for payment, of the $10.72 million Warwick’s filing states she owes to creditors, only about $500,000 is owed to parties other than the IRS
...More
Wednesday, March 20, 2013
On 12:09 PM by Staff No comments
Did Octomom commit fraud? On March 20, TMZ reported that Octomom Nadya Suleman, is being investigated by the L.A. County Dept. of Welfare Fraud Prevention and Investigation after someone made a claim that she made too much money last year to have collected government money.
According to the report, Octomom could go to prison for up to 3 years. Sources claim that Suleman raked in about $200,000 in 2012, which would be too much money to collect food stamps or other forms of welfare. According to the law in Calif., Suleman would have needed to make under $119,000 to be eligible for welfare.
An Octomom fraud case is now open and according to TMZ, people close to the mom of fourteen have already been interviewed by the WFP&I. It is unknown whether or not she has been directly contacted just yet, but if there is enough evidence to prove that she collected welfare when she shouldn't have, you can bet that she'll be prosecuted.
This is just the latest "Octomom problem." She has lost her house, filed for bankruptcy, and faced lawsuits since giving birth to her octuplets who are now 4. Nadya Suleman became "famous" after giving birth to eight children at once -- after already having six children at home -- and her decision was no mistake. Octomom underwent IVF to get pregnant with one more baby... but she ended up with eight more, causing her financial strife.
Although Nadya Suleman "goes away" for months at a time when it comes to celebrity gossip, her name always seems to pop back up in the news. Whether she's stripping for cash or setting up donation websites, Suleman's main claim to fame is money, or lack there of.
If Octomom did commit fraud, it's going to be a tough go for her and her family in the future. Do you think she is guilty? Source
According to the report, Octomom could go to prison for up to 3 years. Sources claim that Suleman raked in about $200,000 in 2012, which would be too much money to collect food stamps or other forms of welfare. According to the law in Calif., Suleman would have needed to make under $119,000 to be eligible for welfare.
An Octomom fraud case is now open and according to TMZ, people close to the mom of fourteen have already been interviewed by the WFP&I. It is unknown whether or not she has been directly contacted just yet, but if there is enough evidence to prove that she collected welfare when she shouldn't have, you can bet that she'll be prosecuted.
This is just the latest "Octomom problem." She has lost her house, filed for bankruptcy, and faced lawsuits since giving birth to her octuplets who are now 4. Nadya Suleman became "famous" after giving birth to eight children at once -- after already having six children at home -- and her decision was no mistake. Octomom underwent IVF to get pregnant with one more baby... but she ended up with eight more, causing her financial strife.
Although Nadya Suleman "goes away" for months at a time when it comes to celebrity gossip, her name always seems to pop back up in the news. Whether she's stripping for cash or setting up donation websites, Suleman's main claim to fame is money, or lack there of.
If Octomom did commit fraud, it's going to be a tough go for her and her family in the future. Do you think she is guilty? Source
Tuesday, March 5, 2013
On 10:37 PM by Staff No comments
Justin Bieber’s London tour stop hasn’t exactly been smooth sailing.
The Canadian crooner, who was widely criticized for his “worst birthday” tantrum over the weekend, irritated his faithful fans and their parents Monday night by taking the stage nearly two hours late. But the 19-year-old is already doing damage control, insisting the story is being blown out of proportion though issuing an apology anyway.
The Biebs was scheduled to take the stage at London's O2 Arena at 8:30 p.m. on Monday. However, the young star didn’t hit the stage until 10:20. While typically Beliebers think the star can do no wrong, they grew impatient while waiting – and concert footage showed them booing from their seats.
According to BBC News, many parents were irritated as well because they arrived to pick up their children at the venue, where doors had opened at 6.30 p.m.,just as Bieber was finally taking the stage. Some insisted that their children leave before the show started – after all, it was a school night – forfeiting the price of the expensive tickets...More
The Canadian crooner, who was widely criticized for his “worst birthday” tantrum over the weekend, irritated his faithful fans and their parents Monday night by taking the stage nearly two hours late. But the 19-year-old is already doing damage control, insisting the story is being blown out of proportion though issuing an apology anyway.
The Biebs was scheduled to take the stage at London's O2 Arena at 8:30 p.m. on Monday. However, the young star didn’t hit the stage until 10:20. While typically Beliebers think the star can do no wrong, they grew impatient while waiting – and concert footage showed them booing from their seats.
According to BBC News, many parents were irritated as well because they arrived to pick up their children at the venue, where doors had opened at 6.30 p.m.,just as Bieber was finally taking the stage. Some insisted that their children leave before the show started – after all, it was a school night – forfeiting the price of the expensive tickets...More
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