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Corporate & Securities Law

: FinancialCounsel

UPDATE: Financial Adviser Kenneth Starr Sentenced to 7 Years Prison for Operating $50 Million Ponzi Scheme

By James Eccleston

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Financial adviser to the stars Kenneth Starr, who in September 2010 pled guilty to operating a $50 million Ponzi scheme, was recently sentenced to serve 7 years in prison.  Starr was a high profile investment adviser to high net worth and celebrity clients, including Neil Simon, Denise Rich, and Jim Wiatt, Uma Thurman and Lauren Bacall.  Starr operated a $50 million Ponzi scheme that endured for at least five years before he was arrested and charged with fraud by the SEC.

Starr and his two companies, Starr Investment Advisors and Starr & Company, allegedly violated securities laws applicable to investment advisers and made transferred money from client accounts to personal accounts that Starr controlled.  Starr ultimately used some of the client's money to support his extravagant lifestyle.

Eccleston Law represents individual and institutional investors to recover their investment losses caused by unsuitable investment recommendations, breach of fiduciary duty, negligence or other misconduct. We have extensive experience representing investors in arbitration and litigation disputes with securities broker-dealers and investment advisory firms, and have recovered tens of millions of dollars for investors

If you are an investor that has suffered losses investing with Steven Rodd, William Kress, or in the Employee Investment Savings Account, please contact Jim Eccleston at the Eccleston Law Offices at 312-332-0000 to discuss your recovery options.  

Eccleston Law represents individual and institutional investors to recover their investment losses caused by unsuitable investment recommendations, breach of fiduciary duty, negligence or other misconduct. We have extensive experience representing investors in arbitration and litigation disputes with securities broker-dealers and investment advisory firms, and have recovered tens of millions of dollars for investors

If you are an investor that has suffered losses investing with adviser Kenneth Starr, please contact Jim Eccleston at the Eccleston Law Offices at 312-332-0000 to discuss your recovery options.  

Full post as published by FinancialCounsel on March 04, 2011 (boomark / email).

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