Kate Jackson says she’s in “financial ruin”
She was supposed to be the smart one on Charlie’s Angels, but now Kate Jackson says she’s broke.
The 61-year-old actress, who also starred in the hit shows The Rookies and Scarecrow and Mrs. King, has filed a lawsuit in Los Angeles Superior Court against her former financial advisor seeking $3 million in damages.
According to TMZ.com: Jackson claims Farrah Fawcett’s former business manager, Richard B. Francis, knew about Kate’s “extremely close relationship” with Farrah and used that information to get Kate as a client.
Kate claims Francis told her she was worth roughly $5.4 million — and she could live off of the interest from her accounts … at least $300,000 per year. But Jackson said she was actually worth considerably less — only about $3 million. She claims she learned the truth about her finances when she agreed to buy a home in 2008 – a home she claims Francis knew she couldn’t afford but he drained her savings account in order to pay for it anyway. Kate also claims Francis knew she was grossly overpaying for the property.
Kate played Michael Ontkean’s wife in the landmark 1982 movie Making Love but has not starred in a TV series since the 1988-89 show Baby Boom. Still, she has dozens of TV movies and television credits over the past two decades. She made a memorable appearance at the 2006 Emmys with Fawcett and Jaclyn Smith and was close to Farrah until her death last year from cancer.