Judge Puts Starr's Bail At $10M, Cites Family Distrust

Law360, New York (July 27, 2010, 5:55 PM EDT) -- A federal judge rejected jailed celebrity money manager Kenneth Ira Starr's bail package request Tuesday, saying it showed a lack of trust from his relatives and setting the accused Ponzi schemer's bond at $10 million.

Judge Shira Scheindlin of the U.S. District Court for the Southern District of New York said that Starr's offer of about $2 million, backed mainly by his brother's rare book collection, was "going in the wrong direction."

The judge questioned why Starr's two brothers — a Connecticut attorney, Warren Starr, and...
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.