If he were alive today, Angel- and luxury-loving Charlie Townsend would not be a happy man.
Charlie's Angels star Kate Jackson, claiming she's in "financial ruin," is suing her former financial advisor for $3 million. The advisor: Farrah Fawcett's former business manager, Richard B. Francis.
Francis, who's also Ryan O'Neal's business manager and a trustee of Fawcett's estate, has his hands full these days. He's already engaged in dueling lawsuits with Farrah's Story documentary exec producer Craig Nevius, who--as Jackson claims happened to herself--was cut out of Fawcett's life in the weeks (in Nevius's case, months) leading up to her tragic death from anal cancer on June 25, 2009.
Last March, Nevius--sued by Fawcett's estate in January for allegedly embezzling "hundreds of thousands of dollars" from her production company--charged in court filings that Francis and Fawcett friend Alana Stewart are using the cancer research charity The Farrah Fawcett Foundation "to divert Ms. Fawcett’s assets away from other rightful beneficiaries," including the late actress's 92-year-old father, James.
In her suit filed this week, Jackson claims Francis knew about her "extremely close relationship" with Fawcett and capitalized on that connection to land Jackson as a client. The brunette Angel alleges Francis estimated she was worth about $5.4 million, and advised that she could live off at least $300,000 annually from her accounts' interest.
Jackson claims she learned her true financial worth--per her suit, approximately $3 million--when, under alleged pressure from Francis, she bought a house for $2,0011,000 in Santa Monica's "Golden Strip" in 2008. According to TMZ, Jackson's suit claims she knew she couldn't afford the house, but Francis--who she alleges knew she was "grossly overpaying" for the home--"drained her savings account in order to pay for it anyway."
Reports TMZ, "Francis says he's been in the business for 50 years and has an impeccable record with several celebrity clients" The site quotes Francis as saying, "This case will end at the deposition stage. It will never go to court."