Johnny Depp brands former business managers 'reprehensible' as he hits back after details of his spendthrift $2million-a-month lifestyle emerge 

His extravagant spending has been highlighted in a bitter lawsuit with his ex-management. 

And Johnny Depp is firing back at his former management team over their claims his financial woes are all his fault, according to a statement by Depp’s attorney, Adam Waldman reports People on Thursday. 

The star - who is said to spend an astonishing $30,000 a month on wine, $300,000 a month maintaining a team of 40 staff and $200,000 a month on private planes - said his former business team, The Management Group (TMG) are 'blaming the victim.'

Bitter dispute: Johnny Depp fired back at his former management team over their claims his financial woes are all his fault on Thursday

According to the publication the Pirates of the Caribbean star's lawyer said that TMG 'have chosen to employ a reprehensible "blame the victim" strategy in a transparent attempt to save their own skin and deflect away from their malfeasance, which is chronicled in Mr. Depp’s 48 page complaint.'

The statement continues: 'Mr. Depp did not sue his former business managers for his own personal investment decisions or the "financial distress" they wildly allege - Mr. Depp sued them for fraud and multiple breaches of their fiduciary duty, among other claims.'

Waldman adds: 'Gaslighting the public with global press releases will not save the defendants in court from their gross misconduct set forth in the complaint.'  

Depp is suing his ex-managers for $25million for mismanaging his earnings. But his excesses have been revealed in a counter lawsuit filed in Los Angeles Superior Court by The Management Group (TMG) on Tuesday, with the firm describing him as a ‘voracious’ spender.

His ex-managers claim they repeatedly warned the 53-year-old his lavish lifestyle over the past two decades, which cost more than $2 million a month to maintain, was leading him towards financial ruin but he chose to ignore their advice. 

According to People, the Pirates of the Caribbean star's lawyer said that TMG 'have chosen to employ a reprehensible "blame the victim" strategy

In TMG’s lawsuit, obtained by People, the management firm asks Depp to pay more than $560,000 in allegedly unpaid commissions and credit card fees. 

They also report that TMG’s lawsuit is also asking for a court declaration that it 'complied with all of its fiduciary obligations under the law and that Depp is responsible for his own financial waste.'

TMG handled his finances from 1999 until early 2016, which was an especially lucrative period for the actor.

During that time, Depp’s career rocketed after landing the role of Jack Sparrow in the Pirates Of The Caribbean movie franchise.

It’s thought starring as the lead in the five films has made him more than $250million.

Depp’s lawsuit, filed on January 13, accused his former advisers of defrauding him out of his fortune, taking out loans without his approval and hiding the severity of his financial problems from him.

He claimed that he only realised his fortune was dwindling when he was advised to sell off his 45-acre chateau in France to pay off his debts. He also alleges that the company failed to file his taxes on time, costing him $7 million in penalties.

However, the management company claims the actor has spent more than $75million on 14 homes including the French castle, a chain of islands in the Bahamas and several homes in California.

In documents filed in Los Angeles County Superior Court on Tuesday, Joel and Robert Mandel claim they repeatedly warned Depp that he was overspending, according to The Hollywood Reporter.

'Depp lived an ultra-extravagant lifestyle that often knowingly cost Depp in excess of $2 million per month to maintain, which he simply could not afford,' attorney Michael Kump wrote in the cross-complaint. 'Depp, and Depp alone, is fully responsible for any financial turmoil he finds himself in today.'

TMG claims the Black Mass actor spent $75 million on the purchase of 14 residences including a chateau in France, splashed out $18 million on a luxury yacht and paid more than $3 million to blast the ashes of author Hunter Thompson over Aspen, Colorado, from a specially-made cannon.

Costly: He's been accused of living a lavish lifestyle, and recently spent $7 million divorcing Amber Heard (pictured Sept 2015)

TMG is currently pursuing foreclosure actions against Depp to recover $4.2 million it claims he still owes the company.

Meanwhile, Depp has accused his former managers of 'gross misconduct' that led to him losing 'tens of millions of dollars', Variety reported on January 13.

He alleged the company had failed to file or pay his federal taxes on time costing him millions in fees and fines and lent $10 million of his money to a third party without his knowledge.

Depp has been selling off some of his properties in the past year. He also settled his divorce from Heard for $7 million which she stated she would donate to charity. 

The LA court is due to consider the case at a later date. 

 

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