Sunday, July 26, 2009

Jackson advisor says he turned over $5.5 million



LOS ANGELES - A former financial advisor to Michael Jackson said Friday that he was the person who recently turned over to executors $5.5 million, which had been "a secret between Michael and me."

Dr. Tohme Tohme responded to an inquiry from The Associated Press about documents in which administrators of the estate said they had recovered $5.5 million and substantial amounts of personal property from an unnamed former financial adviser.

"It was not recovered," he said. "I had the money and I gave it to them. It was a secret between Michael and me."

He said the money, which came from recording residuals, was earmarked by Jackson for the purchase of what was to be his "dream home" in Las Vegas. He said he was in negotiations for the home when Jackson died.

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