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Ex-Adviser to the Stars Faces Sentencing

Wednesday, March 02, 2011

Kenneth Starr, financial adviser to the stars, faced sentencing in Manhattan federal court Wednesday for a multimillion dollar investment scheme.

Starr — who advised Martin Scorsese, Sylvester Stallone and Wesley Snipes — pleaded guilty to swindling nine wealthy and elderly clients out of more than $30 million.

Prosecutors accused the 67-year-old disgraced financial adviser of using the funds to help maintain his lavish lifestyle, including his $7.5 million luxury condo on the Upper East Side. 

Prosecutors say he deserves a minimum of 10 years behind bars.

With the Associated Press

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