Kenneth I. Starr Faces Nov. 1 Trial on Fraud Charges
July 8, 2010
Total Loss:
$59 Million
Money manager Kenneth I. Starr faces a Nov. 1 criminal trial on charges that he defrauded his celebrity and socialite clients of at least $59 million.
U.S. District Judge Shira Scheindlin today scheduled the trial while also ruling that Starr must file any requests to suppress evidence by Aug. 5.
Starr, 66, is charged with 20 counts of wire fraud and one each of securities fraud, money laundering and fraud by an investment adviser. He is being held without bail and denies the charges. If convicted of wire fraud, Starr faces as much as 20 years in prison.
Source:
Bloomberg Businessweek
Posted in:
Internal Fraud