Ex-Managers Claim Johnny Depp Has "Compulsive Spending Disorder"

May 2, 2017

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Summary: Johnny Depp’s ex-managers blame his “compulsive spending disorder” on his money troubles.

What would compel someone to spend $2 million a month? According to Johnny Depp’s ex-managers, an obsessive need to spend could be to blame.

Movie star Depp and his ex-business managers, Joel and Robert Mandel of The Mandel Company, are fighting it out in court over claims that The Mandel Company misappropriated Depp’s multimillion dollar fortune. Depp said that he had uncovered evidence that the two men had been stealing from him for years, but The Mandel Company fired back that it was Depp and Depp alone who is responsible for his dwindling bank account.

Variety reports that on Monday, The Mandel Company filed paperwork stating that Depp had the mental illness of “compulsive spending disorder” and they asked that he be medically tested.

Depp had fired the men in March of 2016, and The Mandel Company said that they had done everything they could do to protect his money but that Depp was living an unsustainable $2 million a month lifestyle. For instance, according to the Mandel’s filings, Depp had purchased $75 million in global real estate. This included a chain of islands in the Bahamas, multiple homes in Hollywood, and a 45-acre chateau in France.

Additionally, the Mandels said Depp would spend almost $30,000 a month on wine and $300,000 on an international staff of 40.

Depp’s attorney, Adam Waldman, said that accusations of Depp’s mental illness are a part of the Mandel’s “smear” campaign against the Pirates of the Caribbean actor.

“Accused of criminal malfeasance and theft, in a case with a whistleblowing former employee of the Mandels’ own firm whose testimony and documents they fight to hide, the defendants’ decided their only defense is psychobabble. This is how guilty people respond when confronted with the detailed results of a 9 month legal and forensic investigation conducted by 4 firms,” Waldman said in a statement to Variety. “Joel Mandel threatened to smear his former client Mr. Depp; Mr. Mandel’s clients can read his latest press spasm and learn what to look forward to.”

The Mandel Company, which is represented by attorney Michael Kump, said that Depp has a sense of “entitlement” and that he had displayed it recently in an interview with The Wall Street Journal.

“It’s my money,” Depp had said to The Wall Street Journal. “If I want to buy 15,000 cotton balls a day, it’s my thing.”

The Mandels said this was evidence of his giant ego and extreme spending.