Levi Johnston Penniless, Living With His Mom, Says Source

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.

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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."

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Levi Johnston's former rep Tank Jones, with whom he recently parted ways, counters that Levi is doing great.

"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."

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