Less than 24 hours after federal prosecutors revised their estimate of Kenneth Ira Starr's alleged theft to at least twice as large as their original figure of $30 million, the financial adviser to the stars denied any wrongdoing in a brief court appearance.
Kenneth Ira Starr, the New York investment adviser who faces federal charges that he defrauded his celebrity and socialite clients, denied wrongdoing today in a brief court appearance.
Lawyer Abbe Lowell appeared in court to at least temporarily represent jailed money manager Kenneth Starr and his wife and urged the U.S. Securities and Exchange Commission not to be “heartless.”
A Canadian national who the U.S. government says swindled $70 million from 40,000 investors on six continents carried out the same kind of Ponzi scheme the one-time bank robber mocked on his website, federal investigators allege.
The publicity surrounding Kenneth Starr's arrest constitutes another black eye for the financial advice business. A look at the details of the case reveals something many advisers already know: custody matters<br><a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20100527&Kategori=FREE&Lopenr=527009999&Ref=PH><b>Gallery</b>: Kenneth Starr's A-list roster of clients</a>
As the Securities and Exchange Commission continues its investigation of New York-based celebrity adviser Kenneth Starr and his alleged $30 million fraud, custody is emerging as a central issue.
U.S. Attorney Preet Bharara (above) said that investigators were searching Ken Starr's office and are trying to freeze 23 bank accounts as they search for more high-profile victims of the financial adviser, who was arrested for fraud yesterday. <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20100527&Kategori=FREE&Lopenr=527009999&Ref=PH&nocache=1&Params=Itemnr=1><b>A-List:</b> A look at Kenneth Starr's famous clients</a>
A decision by Australia's high court clears the way for investors to sue the firm -- or what's left of it
Hedge fund managers in the U.S. and Europe did a good turn for the Securities and Exchange Commission, and helped uncover an attempt at insider trading involving an employee of Walt Disney & Co.
The U.S. brokerage industry's top regulator, responding to yesterday's market plunge, said Wall Street needs to be more vigilant in halting stock bids during periods of cascading share prices
Clients may not be knocking down the doors to participate in the long-term-care-insurance program created last week by the passage of health care reform, but advisers are optimistic the program's existence will spur more discussion around the benefits of LTC planning.
The estate alleges in a lawsuit filed Wednesday that JPMorgan forced the now-failed bank to put up collateral that sapped Lehman of cash.
A group of Internet con artists masquerading as the Securities and Exchange Commission is swindling investors
As the Senate this week wades through scores of amendments to legislation on financial regulatory reform, lobbyists are going toe-to-toe over applying a fiduciary standard.
The regulators won't actually set compensation. Instead, they would review — and could veto — pay policies that could cause too much risk-taking by executives, traders or loan officers.
U.S. prosecutors in Virginia plan to step up pursuit of financial fraud cases, taking advantage of a court holding two years ago that their district has jurisdiction over crimes linked to federal securities filings
An amendment floated last week by Sens. Arlen Specter, D-Pa., and Ted Kaufman, D-Del., that would impose criminal penalties on broker-dealers for violating fiduciary standards is giving the senators a way to vent frustration with Wall Street.
Arlen Specter's call for criminal penalties is sure to draw fire from Republicans on the hill and lobbyists in the Senate reception room
