‘mismanaged’ Finances Led To Carter’s Huge Tax Bill

AARON CARTER’s agent has blamed the pop star’s ailing finances on his former management team - insisting the star was completely “unaware” he owed taxes until the news broke in the U.S. press.

The singer, whose brother is Backstreet Boys star Nick Carter, was recently eliminated from U.S. TV talent show Dancing with the Stars and he got another shock when he found out he owes the U.S. government a massive $1,010,635 (?631,646) in unpaid taxes.

According to papers filed by America’s Internal Revenue Service, the star has failed to keep up with payments since 2003.

But the 21 year old’s manager, Johnny Wright, insists Carter had no idea about his financial woes until this week (begs16Nov09), and claims the fault is down to his fortune being “mismanaged” by his ex-advisers.

Wright says, “It is unfortunate that while Aaron was a minor, his finances were grossly mismanaged by his previous team which has lead to the current situation of which he was unaware until today.

“Aaron is working with a new team to take appropriate actions towards speedy resolution of the matter and looks forward to putting this behind him and moving forward with the next stage of his music career.”