The Big Brother alum, who won season seven of the popular reality show, is more than $20 million in debt.
looks like Boogie has or will be filing for bankruptcy, finally http://t.co/5k3TYXy1Qt
— hamsterwatch (@hamsterwatch) February 12, 2015
Big Brother winner, Malin, is worth an estimated $1 million, but that’s not nearly enough to cover all of his debts, of which there are many.
After winning a cool $500,000 on Big Brother, Malin seemed to be doing alright, opening not one but two restaurants, Les Deux and the Geisha House. And then it all hit the fan.
— Mike (@Mike0243) February 12, 2015
Malin and his partner for the Geisha House also bought a bowling alley in Atlanta. And then they forgot to do something very important – pay the rent.
The Big Brother alum and his partner were hit with a $10.5 million settlement after forgetting to pay the rent for both properties for a total eight years. The judge sided with the landlord making sure that Malin pays back the missed rent.
And that isn’t all. Malin’s former partner, Shereene Arazm, accused the three-time Big Brother star of “illegally siphoning away cash from the Geisha House restaurant they co-founded to “pay for sex” and non-business travel expenses,” according to Big Brother Access.
Arazm accused Malin of “embezzling company funds to ‘have multiple sexual encounters with various older men during which Malin would live out fetish role play fantasies.'” But that’s not all.
Arazm also made accusations that Big Brother‘s Boogie and Lonnie “gambled away hundreds of thousands of dollars that never belonged to them” and “traveled the world at Arazm’s and the restaurant group’s expense.”
Reality show veteran Mike Malin must pay after being troubled by the threatened revelation of secrets. read more http://t.co/sOh8ydAo0d
— Charlie Sheen (@Charlied_Sheen) September 21, 2014
The former Big Brother star was also sued “over a rape that allegedly occurred at Les Deux.”
And then both Les Deux and Geisha House went “belly up.”
It’s a wonder how he’ll ever be able to pay this debts back, nd now the Big Brother star could be facing bankrupty as he faces a debt of $23 million.
I guess it just shows you that being conniving and sneaky on a reality show like Big Brother really isn’t going to get you anywhere in real life.
[Photo Courtesy of Kevin Winter/Getty Images]