A Manhattan money manager to the stars whose celebrity clients have included Uma Thurman, Al Pacino and Wesley Snipes was busted yesterday in a $30 million Ponzi scheme uncovered after authorities investigated former City Council President Andrew Stein for tax crimes.
Kenneth Starr allegedly swindled nearly $14 million from celebrity jeweler Jacob “Jacob the Jeweler” Arabov and his wife, and $16 million from others to fund a lavish lifestyle for him and his stripper spouse that included a $7.5 million Upper East Side triplex boasting a swimming pool in its basement.
Starr bought this $7.5 million Upper East Side triplex, which has an indoor swimming pool.
Starr bought this $7.5 million Upper East Side triplex, which has an indoor swimming pool.
About $5.75 million of the cash used to buy that luxe new East 74th Street condo was allegedly looted from accounts belonging to 99-year-old heiress Rachel “Bunny” Mellon, widow of Mellon family scion Paul Mellon.
Full story: Investment manager to the stars Kenneth Starr busted in $30 million fraud – NYPOST.com