Bankrupt

THE DECLINE AND FALL OF DR ARNOLD KLEIN

For decades, Dr Arnold Klein was the most famous dermatologist in Beverly Hills and he was a pioneer in the development of collagen and other skin injectables. His waiting room was always loaded with celebrities in sunglasses and he was invited to all the best places. Klein had three lavish homes, a collection of cars, and lived like a king. During those heady times, we visited his office to try and dig up some gossip. We found him to be really nice and he loved publicity so he gave us a special price. Now he’s bankrupt and according to the LA Times, is being investigated by the Medical Board of California for overprescribing drugs for Michael Jackson. He may lose his medical license. Before she died, his dear friend Elizabeth Taylor turned on him for publicly dishing details of Michael’s medical and sex life. Klein is now reduced to auctioning off gifts his celebrity clients gave him to try and pay off the 12 million he owes. His behavior makes you wonder if he was sampling his own drugs…

NEW JERSEY HOUSEWIFE TERESA AND HUSBAND JOE WERE FAKING WEALTH: THEY’RE BANKRUPT

The “Real Housewives of New Jersey” continue to live up to their reputation. Producers must be thrilled since Teresa Giudice (the table flipper) and her husband Joe have filed for bankruptcy because they’re 11 million dollars in debt. (In January, Joe was arrested for DUI when he ran into a pole and flipped his truck). While he was drinking, Teresa was shopping. According to the NY Post, they lived in an 1.8 million dollar 10,500 sq ft, marble and onyx laden home which is being foreclosed upon, yet their combined incomes (including her Bravo salary) add up to only $79,000! Credit card bills, Cadillacs, bad investments, home repairs, fertility treatments, implants, etc, totaled 11 million in the hole. How the mighty have fallen.