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On March 9 2006, it was announced that California state labor officials closed the Michael's Neverland Ranch and fined him $69,000 for failure to cover workers employment insurance. The state "stop order" bars Jackson from "using any employee labor" until he secures required workers' compensation insurance and warns that if Jackson fails to abide by the enforced work stoppage he could be charged with a criminal misdemeanor. In addition to being fined $1,000 apiece for 69 workers, Jackson is also liable for up to 10 days pay for those employees who now are no longer allowed to report to Neverland for work. 30 Neverland employees have also sued Jackson for $306,000 in unpaid wages. If Jackson does not pay these wages by March 14 2006, he will be fined an extra $100,000. Jackson's employees were paid by the dead-line. Jackson said that he was closing his house on Neverland but did not say he was closing up the whole ranch. There have been many reports of a possible sale of Neverland, but nothing has happened yet. Reports say that Neverland has a value of over $50 million dollars.

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