The plot was discovered after someone leaked documents to Jackson showing that unnamed former lawyers for the 47-year-old singer tried to recruit others into a petition that would drag him unwillingly into bankruptcy court, his spokeswoman and manager Raymone Bain said.
“In what could be one of the biggest conspiracies in entertainment history, documents have been sent to Michael Jackson and his representatives which reveal a deliberate plan by some former attorneys as well as associates and advisers to force Mr. Jackson into involuntary bankruptcy,” Bain said.
During his four-month trial on child molestation charges last year, prosecutors asserted that the self-styled “King of Pop” was in perilous financial shape due to mounting debt.
Bain declined to name the conspirators, saying that Jackson had ordered his current legal team to investigate the scheme and file lawsuits in multiple jurisdictions.
“In addition, there is a strong possibility that these documents will be forwarded to the U.S. Attorney General for review and possible involvement,” Bain said.
Bain also declined to say who provided the documents to Jackson, who she said was busy shopping for a home in Europe and recording material for his first studio album of new material since 2001.
Jackson, who has made few public appearances since his acquittal on child molestation charges in 2005, announced in June that he had severed ties with his longtime business managers as part of a “sweeping restructuring” of his affairs.