A cavalcade of stars — including Uma Thurman, Martin Scorsese, Wesley Snipes, Henry Kissinger and Caroline Kennedy — have been caught up in what federal authorities believe is another huge Ponzi scheme.
Kenneth Starr, a New York investment advisor to the stars, was arrested and charged Thursday in Manhattan in connection with a huge Ponzi scheme in which he “engaged in fraudulent activity involving at least 30 million dollars,” according to court documents obtained by RadarOnline.com.
Authorities said Starr — who is no relation to the prosecutor who investigated the Bill Clinton–Monica Lewinsky scandal — faces charges of investment fraud, tax fraud and other charges.
It’s alleged Starr defrauded an unnamed actress, who hired him to pay her bills and do her taxes, out of at least $1 million.
Starr had more than $700 million in assets under management, the feds claimed.
“He transferred funds from one client to another client,” according to a criminal complaint against Starr, whose son Andrew Stein was also booked in connection with covering up the alleged scheme.
Starr’s client roster reads like a who’s who of celebrity.
He was the money manager for A-list celebrities such as director Martin Scorsese, actor Wesley Snipes, actress Uma Thurman and photographer Annie Leibovitz as his clients. Henry Kissinger and Caroline Kennedy are also reportedly linked to him.
Convicted swindler Bernie Madoff — who is now serving a 150-year prison sentence after pleading guilty to defrauding investors of as much as $65 billion — also had a list of famous clients, including baseball legend Sandy Koufax, and actors Kevin Bacon and John Malkovich.