Michael Jackson's 'bank loan aliases'

Friday, 3 July 2009

Michael Jackson allegedly used 20 aliases to apply for bank loans.

The late singer - who died from a suspected cardiac arrest last week - reportedly used several variations of his name because his credit history was so poor and financial institutions were reluctant to give him money.

In 2007, the 'Thriller' singer - who was raised in the Jehovah's Witness faith - allegedly applied for loans under the names President Mr Michael Jackson, Michael JJJ Christ-Jehovah, Michael J Jackson ChristJeh, Michael Jackson Jehovah and Mike J Jackson.

He also reportedly used alternative spellings of Michael - Micheal and Micheel - in a bid to trick bank managers.

According to Britain's The Sun newspaper, leaked financial documents linked to some of Michael's properties show the failed applications.

It is illegal to give a false name to a financial institution for money for the purpose of influencing the bank's decision and anyone found guilty could face fines of $1 million, 30 years in prison or both.

Despite being one of the most successful musicians of all time, Michael has struggled financially in recent years and was reportedly desperate for monetary help.

A source said: "Michael Jackson's financial affairs were beyond a mess with county court judgements and taxes owed all over the place. No bank was prepared to bail him out."

Meanwhile, Tommy Mottola, the former boss of Sony music - who own the distribution rights to Michael's music - has revealed the label has "dozens" of unreleased tracks in storage which could guarantee the pop legend a place in the charts for the next 30 years.

He said: "There are dozens of songs that did not end up on any of his albums. People will be hearing a lot of that unreleased material for the first time ever. There's just some genius and brilliance in there.

"The releases could go on and on for years - even more than Elvis."

According to record sources, the collection of tracks includes recently recorded material with Black Eyed Peas singer will.i.am and singer-and-producer Akon.

Tommy also said the collection includes singles left off Michael's earlier LPs, including 'Bad' and 'HIStory'.

It is believed Michael - who currently holds nine out of the 10 top US album chart spots - kept the unreleased tracks back to ensure financial security for his three children Prince Michael, 12, Paris, 11, and seven-year-old Prince Michael II.

Meanwhile, details of the late singer's will - which was released yesterday (02.07.09) - have been revealed.

Michael's mother Katherine Jackson will reportedly get 40 per cent of the assets, his three children will get a further 40 per cent and the remaining 20 per cent will be donated to several children's charities.