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STEPHEN BALDWIN FILES FOR BANKRUPTCY


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NEW YORK, NY – Actor and Baldwin brother Stephen Baldwin filed for bankruptcy this week.  Weekly World News has tracked down where his money actually went.

Stephen Baldwin is known for his role in the 1996 movie The Usual Suspects and appearing on the latest season of “I’m a Celebrity… Get Me Out of Here.”  He is also a noted Republican and a minister.  Court documents illustrate how Mr. Baldwin lost his money.

In 1996 he spent 5 million dollars to have the set of Bio-Dome shipped and reconstructed to his home in Nyack, NY.

While researching his role in The Usual Suspects he lost $500,000 to the mob.  His tax reports show he tried to write this off as a work expense.

Later that same year he made a bet with brother Alec Baldwin over who would end up with the more illustrious career.  In 1998 he paid out the bet to the tune of 1.4 million dollars.

In 2000 he spent his entire paycheck from starring in Flintstones: Viva Rock Vegas on alcohol trying to forget he was in Flintstones: Viva Rock Vegas.

In 2001 Stephen Baldwin became a born-again Christian and minister.  Shortly thereafter he lost $300,000 on the failed business “Be Married by a Baldwin.”

Stephen Baldwin spent $3 million to have 10,000 gallons of water from the river Jordan, where Christ was baptized, shipped to his home to be used in a man-made waterfall.

Baldwin founded Breakthrough Ministries in 2006 which was designed to utilize extreme sports as a ministry via arena tours.  Baldwin paid for all the dirt bikes, ramps, and lessons out of pocket.  Since Breakthrough Ministries went under, the equipment is sitting in Baldwin’s back yard next to his Bio-Dome which he now calls “New Eden.”

In 2008 Balwin got “HM” for Hannah Montanna tattooed on his shoulder in exchange for a cameo on the show, hoping the whole escapade might help his career.  He later spent half a million dollars on a failed homeopathic tattoo removal.

Stephen Baldwin is awaiting the courts to verify his bankruptcy.  His agent still refuses to return his calls, and Mr. Baldwin is running out of ‘Celebrity’ reality shows to appear on.