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January 28, 2010

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Files reveal Smith's incompetence

NEWLY released government files offer a glimpse into the money troubles that plagued model and reality star Anna Nicole Smith at the height of her notoriety, ranging from millions in missing jewels to unpaid utility bills.

The Department of Justice files that detail her 1996 bankruptcy filing also note her lack of understanding of her financial woes.

"She did not know why she was in bankruptcy," an unidentified examiner wrote in a 1996 report that was part of the government file obtained by The Associated Press under a Freedom of Information Act request.

Assets noted in her file include a Russian lynx coat appraised at US$43,343.75 and a necklace with a 500-carat sapphire, but also six potbellied pigs and a US$12,000 doll collection. A safety deposit box at a New York bank held nearly US$1 million in jewelry, but also a bottle of her perfume and a copy of her calendar. And while filings list US$154,142 in income from modeling and royalties in 1994 and US$274,514 the next year, left unpaid were taxes in numerous jurisdictions and even a gas bill for US$265.63.

Smith's bankruptcy filing came after the 1995 death of her billionaire husband J. Howard Marshall and put in motion a court battle over his fortune that has continued even after her death. Smith died of an accidental overdose of at least nine medications in February 2007 at a Florida hotel.

Also detailed in the files is Smith's apparent loss of some US$2.7 million in jewelry, including two pieces valued at nearly a half-million dollars apiece: a ring with three diamonds, and a platinum necklace with 226 diamonds. The whereabouts of both were never determined, nor is it known if they were stolen.

In the bankruptcy examiner's report, the writer often expresses exasperation with Smith, saying she appears drugged during the interview and takes additional pills in the course of the meeting at her home.

"She could barely walk, her speech was slurred, she had to lay down in a darkened room as the light bothered her and she could not remember what she said from one moment to the next," the examiner reported.

Two of Smith's doctors and her lawyer-boyfriend pleaded not guilty last month to illegally providing her sedatives and opiates.





 

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