A company that handles royalties and income from commercials and other projects for James Brown's estate has significantly less money than it should, a lawyer for the late soul singer's family said. Much of the money that was supposed to be going to James Brown Enterprise Inc. instead ended up in a company established by a former trustee accused of misappropriating $7 million from the singer, attorney Louis Levenson said Thursday after a court hearing to sort through Brown's finances. The company collected money earned by Brown's endeavors while he was alive and continued to do so after he died on Christmas, but never gave the money to the singer, Levenson said. David Cannon, who quit working for the estate in August after being accused of taking money from it, testified that Brown's work earned millions of dollars a year. He said he would give Brown $100,000 a month for "walking-around spending money" because the singer had difficulty managing his finances.
Friday, November 16, 2007
Where Is James Brown's Money
A company that handles royalties and income from commercials and other projects for James Brown's estate has significantly less money than it should, a lawyer for the late soul singer's family said. Much of the money that was supposed to be going to James Brown Enterprise Inc. instead ended up in a company established by a former trustee accused of misappropriating $7 million from the singer, attorney Louis Levenson said Thursday after a court hearing to sort through Brown's finances. The company collected money earned by Brown's endeavors while he was alive and continued to do so after he died on Christmas, but never gave the money to the singer, Levenson said. David Cannon, who quit working for the estate in August after being accused of taking money from it, testified that Brown's work earned millions of dollars a year. He said he would give Brown $100,000 a month for "walking-around spending money" because the singer had difficulty managing his finances.
