December 2nd 2003. Today was a slow day for Michael Jackson news but the King of Pop leads such an interesting life, even bringing up the past is fascinating reading for our subscribers.

Yesterday we went into some of reported financial woes and mysteries, today we will continue down that path as so many of our readers have requested.

Michael's original source of his wealth was his stellar record sales. His latest album had very weak sales domestically compared to his older albums debuting at 13th on the US charts. The good news for the King of Pop is that his album is right now #1 in Great Britain. His popularity in Europe is still strong compared to what he has become here in the US and his new album is doing great in Ireland, Australia and New Zealand.

Michael now has to hope his legal woes clear up fast as he was expected to sell a upscale line of Michael Jackson business suits made by the Wakita Co a Japanese manufacturer.

Wakita Co. spokesman Junichi Ota said "If he is convicted, it will not be good for our image and we will have to reconsider the plan". The contracts to sell the suits were delayed because the new allegations came to light as the deals were about to be signed giving them the ability of backing out.

Other recent woes in Jackson past that may have hurt his finances are:
In March concert promoter Marcel Avram was awarded $5.3 million for pulling out of two millennium concerts.

In January, the infamous Sotheby's sued Jackson's company, saying he bid $1.3 million for two paintings and then changed his mind and refused to pay. The lawsuit asked the court to award at least $1.6 million in damages

A lawsuit filed in May by the Union Finance and Investment Corp. of South Korea claimed Jackson owed the firm $12 million in fees and expenses from 1988 when they were hired to help straighten out his finances. The firm said it soon discovered that Jackson had only two months worth of available funds and claimed the King of Pop was "a ticking financial time bomb waiting to explode at any moment.

A month before the lawsuit was settled which included a confidentiality clause, evidence of Michaels financial details were sealed by a judge.