Celebs' Investment Adviser Charged For $30M Fraud

Law360, New York (May 27, 2010, 3:06 PM EDT) -- Federal prosecutors have slapped an investment adviser to high-net-worth celebrity clients with fraud and money laundering charges, lodging a criminal complaint accusing Kenneth Ira Starr of engaging in a $30 million fraud and using more than $7 million in client funds to buy himself a Manhattan condominium.

Starr, a graduate of Brooklyn Law School who also holds an L.L.M. in tax from New York University Law School, misappropriated millions of dollars in client assets and used his firm, Starr & Co. LLC, to commit fraud, according...
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