New York's Kenneth Ira Starr, who promoted himself as an investment advisor to the stars, has been arrested and charged with fraud.
According to the complaint filed in the Southern District of New York, Starr and Andrew Stein, 65, a former president of the New York City Council, have been charged with five counts of fraud, including wire fraud, fraud by an investment advisor, money laundering, providing false statements to the Internal Revenue Service and providing false statements to a federal officer.
Separately, the Securities and Exchange Commission has also filed fraud charges against the Manhattan-based financial advisor. The SEC is seeking an emergency court order to freeze his assets after he stole client money for his personal use, including the purchase last month of a $7.6 million dollar apartment in Manhattan where he and his wife now reside. According to court documents, approximately $5.75 million of the money Starr used to buy the new luxury condominium came from the personal or business accounts of a nearly 100-year-old heiress.(From DailyFinance: http://srph.it/a0K1ud )
Emergency court order? Really? Because this stuff's been public for about 2 years, if this story from April of 2008 is correct:
An elderly widow who once supplied the radio voice of the Man of Steel's gal pal is suing a money manager to the stars after he allegedly cost her millions through what her lawsuit described as a fraudulent "'The Producers'-type scheme."
Joan Stanton, 90, had turned to accountant Kenneth Starr for financial guidance after her husband died in 1987 and left her a fortune of about $70 million.
