Financial Problems In February 2015, TMZ reported that Mike “Boogie” Malin is facing some serious financial problems. He debts reportedly total $23 million, while his assets amount to only around $1 million. That puts him in the hole to the tune of $22 million. The money problems stem from the fact that Mike’s two most high profile Hollywood hot spots Les Deux and Geisha House went out of business. A former partner even accused Mike of embezzlement.