Charlie’s Angel Kate Jackson In Financial Ruin

May 11th, 2010 - 11:42 pm ICT by Angela Kaye Mason  

May 11 (THAINDIAN NEWS) One of the original “Angels” for the hit show Charlie’s Angels has recently released reports that she is in ‘financial ruin’ and she has launched a lawsuit against her financial adviser, for over three million dollars.

According to the lawsuit which was filed in the L.A.Superior Court by Kate Jackson, 61, she is claiming that the former business manager for Farrah Fawcett, Richard B Francis, knew about the “extremely close relationship” which Kate Jackson shared with Farrah Fawcett, and used that information to take Kate on as a client.

In the court documents, Jackson claims that Francis pushed her into buying a home for $2,011,000 in an area which he called, The Golden Strip in Santa Monica, which he stated would assure that the property would never lose it’s value. She swears that he knew she could not afford to pay for the home, but drained every drop of her savings account to buy the home anyway. She also says that he knew very well that the price she paid for the property was far over what it was worth.

In the story from Fox News, Francis stated that he has been in this business for over half a decade and his record is impeccable. He stated that he has several celebrity clients with which he has a very good rapport and added, “This case will end at the deposition stage. It will never go to court.”

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