A New York City financial adviser has been charged with stealing $30 million from his celebrity clients, who have included Wesley Snipes, Sylvester Stallone and Martin Scorsese, according to The Associated Press.
Kenneth Starr, 66, was charged with wire fraud, investment adviser fraud and money laundering and is currently being held without bail. New York City Council President Andrew Stein, 65, was also arrested on charges of making false statements in a filing with the Internal Revenue Service and making false statements to a federal officer.
During a news conference, U.S. Attorney Preet Bharara said Starr stole money from wealthy and influential clients in a Ponzi-like scheme from January 2008 through April 2010.
Victims of the scheme have not yet been identified by name.