Celebrity Adviser Faces More Fraud Charges
June 11, 2010
Total Loss:
$59 Million
The fraud case against Kenneth I. Starr, the jailed financial adviser to the stars, expanded Thursday, with prosecutors listing more elderly entertainment industry figures as victims and nearly doubling their loss to $59 million — a figure expected to climb,
The Associated Press Reports.
An indictment in Federal District Court in Manhattan asserted that additional victims of Mr. Starr's Ponzi scheme included a film producer in his late 70s who lost $4.8 million, a screenwriter in his 80s who lost $8.7 million and an actress in her 80s who lost $100,000.
Source:
The New York Times;
Posted in:
Internal Fraud