{"id":115020,"date":"2024-10-17T02:49:45","date_gmt":"2024-10-16T19:49:45","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=115020"},"modified":"2024-10-17T02:49:45","modified_gmt":"2024-10-16T19:49:45","slug":"al-pacino-lost-50-million-after-corrupt-accountant-mismanaged-his-earnings-i-had-nothing","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=115020","title":{"rendered":"Al Pacino lost $50 million after corrupt accountant mismanaged his earnings: &#8216;I had nothing&#8217;"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div><!----> <!----> <\/p>\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Check out what&#8217;s clicking on FoxBusiness.com.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Despite his mega success over the span of five decades, <a href=\"https:\/\/www.foxnews.com\/entertainment\/al-pacinos-girlfriend-noor-alfallah-suffered-life-threatening-illness-while-pregnant\" target=\"_blank\" rel=\"noopener\"><u>Al Pacino<\/u><\/a> found himself financially strapped later in his career.<\/p>\n<p>In his newly released memoir, &#8220;Sonny Boy,&#8221; the &#8220;Godfather&#8221; actor, 84, opened up about the <a href=\"https:\/\/www.foxbusiness.com\/economy\/us-dollars-demise-has-been-exaggerated-report-finds\" target=\"_blank\" rel=\"noopener\">financial pitfall<\/a> he found himself in after being entangled with a corrupt accountant who mismanaged the star&#8217;s earnings for years.\u00a0<\/p>\n<p>In 2011, Pacino said, <a href=\"https:\/\/variety.com\/2024\/film\/news\/al-pacino-broke-act-bad-films-money-1236179115\/\" target=\"_blank\" rel=\"nofollow noopener\">per Variety<\/a>, that he started &#8220;to get warnings that my accountant at the time, a guy who had lots of celebrity clients, was not to be trusted.&#8221; The actor recalled paying &#8220;a ridiculous amount of money to rent some big fancy house in Beverly Hills,&#8221; plus footing the bill for an extravagant European trip with his family.\u00a0<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/features\/celebrities-who-got-scammed\" target=\"_blank\" rel=\"noopener\"><strong>CELEBRITIES WHO GOT SCAMMED<\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/343\/192\/al-pacino.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/686\/384\/al-pacino.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/672\/378\/al-pacino.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1344\/756\/al-pacino.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/al-pacino.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1862\/1046\/al-pacino.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/720\/405\/al-pacino.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1440\/810\/al-pacino.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/al-pacino.jpg?ve=1&amp;tl=1\" alt=\"Al Pacino\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Al Pacino said he lost $50 million after a corrupt accountant mismanaged his funds.\u00a0<\/span><span> (Everett Collection\/Getty Images \/ Fox News)<\/span><\/p>\n<\/div>\n<\/div>\n<p>It wasn&#8217;t until he returned to the United States that he realized something wasn&#8217;t adding up when it came to his finances.\u00a0<\/p>\n<p>&#8220;I was broke. I had $50 million, and then I had nothing,&#8221; he continued. &#8220;I had property, but I didn\u2019t have any money. In this business, when you make $10 million for a film, it\u2019s not $10 million. Because after the lawyers, and the agents, and the publicist, and the government, it\u2019s not $10 million, it\u2019s $4.5 million in your pocket. But you\u2019re living above that because you\u2019re high on the hog. And that\u2019s how you lose it. It\u2019s very strange, the way it happens. The more money you make, the less you have.&#8221;<\/p>\n<p>&#8220;The kind of money I was spending and where it was going was just a crazy montage of loss,&#8221; he added. &#8220;The landscaper was getting $400,000 a year, and I don\u2019t exaggerate these things. It just went on and on. Mind you, that was for landscaping at a house I didn\u2019t even live in.&#8221;<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/343\/192\/al-pacino-2.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/686\/384\/al-pacino-2.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/672\/378\/al-pacino-2.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1344\/756\/al-pacino-2.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/al-pacino-2.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1862\/1046\/al-pacino-2.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/720\/405\/al-pacino-2.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1440\/810\/al-pacino-2.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/al-pacino-2.jpg?ve=1&amp;tl=1\" alt=\"Al Pacino\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Pacino, 84, said he realized he was going broke when he was in his 70s.\u00a0<\/span><span> (Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.foxnews.com\/entertainment\/al-pacino-fell-unconscious-floor-near-death-experience-didnt-have-pulse\" target=\"_blank\" rel=\"noopener\"><strong><u>AL PACINO SAYS HE FELL UNCONSCIOUS TO THE FLOOR DURING NEAR-DEATH EXPERIENCE: \u2018I DIDN\u2019T HAVE A PULSE&#8217;<\/u><\/strong><\/a><\/p>\n<p>&#8220;I wasn\u2019t even signing my own checks \u2014 the accountant signed them and I just let them go by,&#8221; he added, per <a href=\"https:\/\/www.usmagazine.com\/celebrity-news\/news\/al-pacino-recalls-going-broke-twice-despite-his-iconic-career\/\" target=\"_blank\" rel=\"nofollow noopener\">Us Weekly<\/a>.\u00a0<\/p>\n<p>&#8220;I wasn\u2019t looking and he didn\u2019t tell me how much I had or where it was going,&#8221; he continued. &#8220;And I wasn\u2019t keeping track of who got what. It was all about: Let\u2019s keep this dumb actor going, and I was keeping track of who got what. I was all about: Let\u2019s keep this dumb actor happy, just keep him working, and will reap.&#8221;<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products?pid=AppArticleLink\" target=\"_blank\" rel=\"noopener\"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a><\/p>\n<p>According to Variety, Pacino didn&#8217;t realize he was broke until he was in his 70s.\u00a0<\/p>\n<p>&#8220;I wasn\u2019t a young buck, and I was not going to be making the kind of money from acting in films that I had made before. The big paydays that I was used to just weren\u2019t coming around anymore. The pendulum had swung, and I found it harder to find parts for myself.&#8221;<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/343\/192\/al-pacino-4.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/686\/384\/al-pacino-4.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/672\/378\/al-pacino-4.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1344\/756\/al-pacino-4.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/al-pacino-4.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1862\/1046\/al-pacino-4.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/720\/405\/al-pacino-4.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1440\/810\/al-pacino-4.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/al-pacino-4.jpg?ve=1&amp;tl=1\" alt=\"Al Pacino in Scarface\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>One of Pacino&#8217;s most memorable roles was his participation in the 1983 film &#8220;Scarface.&#8221;<\/span><span> (Everett Collection \/ Everett Collection)<\/span><\/p>\n<\/div>\n<\/div>\n<p>The legendary actor was forced to evaluate his career and began taking roles he wouldn&#8217;t typically accept.\u00a0<\/p>\n<p>&#8220;\u2018Jack and Jill\u2019 was the first film I made after I lost my money. To be honest, I did it because I didn\u2019t have anything else,&#8221; Pacino wrote. &#8220;Adam Sandler wanted me, and they paid me a lot for it. So I went out and did it, and it helped. I love Adam, he was wonderful to work with and has become a dear friend. He also just happens to be a great actor and a hell of a guy.&#8221;<\/p>\n<p>Additionally, Pacino sold two of his homes and began charging for seminars at various universities.\u00a0<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/\" target=\"_blank\" rel=\"noopener\"><strong><u>CLICK HERE TO READ MORE ON FOX BUSINESS\u00a0<\/u><\/strong><\/a><\/p>\n<p>&#8220;My seminars were another big find for me. In the past, I used to go to colleges all the time and talk to the kids there, just to get out there and perform for them, in a sense,&#8221; he wrote. &#8220;I\u2019d tell them a little bit about my life and have them ask me questions. \u2026 I didn\u2019t get paid for it. I just did it. Now that I was broke, I thought, \u2018Why don\u2019t we follow this up?\u2019 There were more places I could go and do these seminars. Not necessarily universities. I knew there was a wider market for this. So I started traveling around. And I found that they worked. Audiences came because I still had popularity.&#8221;<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/343\/192\/al-pacino-5.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/686\/384\/al-pacino-5.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/672\/378\/al-pacino-5.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1344\/756\/al-pacino-5.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/al-pacino-5.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1862\/1046\/al-pacino-5.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/720\/405\/al-pacino-5.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1440\/810\/al-pacino-5.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/al-pacino-5.jpg?ve=1&amp;tl=1\" alt=\"Al Pacino\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>The actor was forced to evaluate his career after becoming the victim of a financial pitfall.\u00a0<\/span><span> (Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Pacino&#8217;s former accountant was found guilty of running a Ponzi scheme and served seven and a half years in prison.\u00a0<\/p>\n<p>The actor has four children: a 1-year-old son, Roman, whom he welcomed with Noor Alfallah in June 2023; daughter Julie Marie, 34, with ex-girlfriend Jan Tarrant; and twins Anton and Olivia, 23, with ex Beverly D\u2019Angelo.\u00a0<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.foxbusiness.com\/entertainment\/al-pacino-lost-50-million-corrupt-accountant-mismanaged-earnings\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out what&#8217;s clicking on FoxBusiness.com. Despite his mega success over the span of five decades, Al Pacino found himself financially strapped later in his career. In his newly released &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=115020\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-115020","post","type-post","status-publish","format-standard","hentry","category-entertainment","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115020"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115020\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}