Celebrity Adviser Starr Hit With $30M Restitution

Law360, New York (May 9, 2011, 5:11 PM EDT) -- A New York federal judge on Friday ordered disgraced celebrity money manager Kenneth Ira Starr to pay more than $30 million in restitution to eight of his former clients.

Starr was sentenced in March to 7 1/2 years in prison for stealing about $24 million from his clients and fraudulently investing another $9 million. Judge Shira A. Scheindlin, who issued the sentence, signed off on the restitution order.

The eight victims who will receive the restitution payments were not named in the order. Counsel for Starr,...
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