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Kenneth Starr, who last May was arrested for running a Ponzi scheme on celebs that included Uma Thurman, Jim Wiatt, Martin Scorsese and Al Pacino, drew a 7.5 year sentence, the New York Daily News reports. He pleaded guilty last September. Starr was a nerdy accountant who changed his look after he hooked up with former Scores dancer Diane Passage and used money from clients to fund a lavish lifestyle. The 67-year old’s scheme was uncovered when clients like Thurman and Wiatt began comparing notes and discovered irregularities. It’s reminiscent of the money manager Dana Giacchetto, who became a preeminent investor of movie star money in the 1990s and was undone after he got caught up in the reflected glow of fame. For wealthy stars and Hollywood deal makers, it’s also a terrific reminder that when your investment adviser sheds the pocket pencil protector and begins dressing up in black outfits and encourages you to invest in a competitive pole dancing league start up (as Starr reportedly did), it’s time to get your money the heck out of there.
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I tell people that every once in a while you meet that woman that will make you feel like you would rob banks for her, and some people just roll their eyes, and then some of us know better.
Ever notice the woman is always a stripper?
Excuse me, I meant to say dancer.
No, no, no, you meant “entertainer”. Or “hooker”. Hooker is good…
Ah, euphemisms.
LOL! Euphemism becomes synonymous with synonym here, I love it.
The correct term is “Lady of the Pole”, singular, or “Our Ladies of the Pole”, plura.
Wait, “competitive pole dancing league”, is not a good investment?
He’ll not be the last accountant/grifter to be sent up the river. Just the tip of the iceberg…
jared jared jared,,, tsk tsk. u know u luvs dem strippas!
Not enough time …
And if people would have listened to Sly Stallone early on instead of believing Starr’s defense team (Bert Fields … oh yes, Pellicano “helped”) a lot of damage could/would have been averted early on.
Stallone told the truth about what he saw happening with his own investments with Starr years ago … and what happened to Stallone? His name was smeared. And Starr continued to look like the noble one and more people invested with him.
That last comment was mine. Don’t know why my name fell off of it.
More proof that common sense isn’t so common.
How can Charlie Sheen *not be involved in this story in any way?!*.
This doesn’t seem possible…
People with lots of money need to be very careful who they let control their wealth. And it seems that the mix of wealth and celebrity is prime ground for these scam artists.