The unnecessarily sad tale of Levi Johnston.

As many of you already saw the other day, Levi is back in the news.

Well back in the same tabloid news as always that is.

Bristol Palin's baby-daddy, Levi Johnston, is now penniless and living in his mother's Alaska home, a source tells Us Weekly. 

"Levi made more than $1 million and squandered it on guns, boats and four-wheelers," the source says of Playgirl's winter 2010 cover model, 22.  

The cash certainly didn't go to Palin, 21, for their 3-year-old, Tripp. "Levi hasn't paid child support in nearly two years," says another insider. "And he has little contact with Tripp." 

Meanwhile, the onetime mayoral hopeful is expecting a daughter with girlfriend Sunny Oglesby. (They told Inside Edition they plan to name her Breeze Beretta, after the gun.) Says the first source, "Levi is confused about his life." 

I don't have any tangible proof but this leak has the Grizzled Mama, and her nasty little grizzled cub, written all over it. Their anger at Levi is something that is always just boiling under the surface, and they will rarely miss an opportunity to twist the knife, or use Tripp to punish him further.

Sadly this time the information is all too accurate.

Levi actually IS virtually broke and, last I heard, living at home with Sherry.

He has few options and, according to sources, was ripped off by his management team.

Now as many of you remember I became VERY excited early last month when I heard through some contacts that Levi had cut Tank and Rex loose and was ready to spill some potentially damaging beans.

At the time we were ALL very excited since not only did Levi finally walk away from Rex and Tank, but he had ALSO come to believe that they might have been working for Palin all along. (I had suspected this for years by the way.)

As you can imagine THIS was big news, and I was assured it would be revealed during his interview with the Insider.  And lo and behold, it was!

Only for some reason the Insider chose not to air that part of the interview. Why I have no idea.

However I was led to believe that Levi STILL wanted to get that story out, and that his girlfriend Sunny was even MORE determined. So I started to beat the bushes trying to find a legitimate news agency to interview him.

As you can imagine not too many reporters wanted to take another chance on Levi since he had severely damaged his credibility by allowing the Palins to craft that apology in his name, saying that he made up all of the stuff that he told Vanity Fair.

But I did manage to find somebody, and I sent that information to his family in the hopes that he would tell his story to the legitimate press and salvage what was left of his reputation.

I just heard back the other day that Levi is uninterested in talking to the press unless they are willing to pay him. Which of course NO legitimate hard news outlet is willing to do.

Clearly this is the left over residual effect of learning public relations from Tank Jones.

Who, by the way, had this to say about their recent parting of the ways: "I wanted to work on other projects. This was a mutual decision," Jones tells Us of his decision to cease working with the Alaska native. "I would think he would want to do some different things too. I would never leave him at a low point."

Yeah that's bullshit by the way.  The facts are that after Tank and Rex realized their golden goose was no longer producing any easy to market golden eggs, it became virtually impossible for Levi to get them on the phone.

And later after Bristol accused Levi of not paying child support, he found out that even though he had been assured that the payments were being made from his account, that they weren't. And in fact the account was now empty.

Apparently THAT is what happened.

If Levi can prove, through documentation, or even anecdotal evidence (I certainly have some of THAT to provide), that his management team was indeed working for Sarah Palin and that they stole from him, he can have Rex disbarred, and then sue both of them for everything they have. Not to mention that he could attribute virtually every stupid decision that was made on his behalf to their purposefully destructive advice.

Which means that essentially he could repair his damaged reputation, find good legal representation, get at least some of his money and visitation with his son back, and actually have a story to tell that people will WANT to hear.

However as of right now, he is not working toward doing any of that. And he is so poisoned against me, that he flat refuses to even speak to me on the phone, so there is nothing I can do to convince him. Currently he has no access to his son, no money in the bank, and no real prospects for the future.

You know the thing that drives me crazy is that Levi could have actually come out of this thing smelling like a rose, and with his bank account stuffed full of cash, if ONLY he had not signed up with THESE two clowns.

You know life is about learning lessons, it is well past time that Levi learned just WHO he can, and cannot, trust.