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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.