Star Adviser Pleads Guilty to Involvement in Money Goof
Star Adviser Pleads Guilty to Involvement in Money Goof

The New York Adviser, Kenneth I. Starr, who at once had celebrity stars such as Martin Scorsese, Al Pacino and Sylvester Stallone as his clients, pled culpable before Federal District Court in Manhattan to the charges of being involved in goof of diverting millions of Dollars of his clients so as to pay for the luxurious lifestyle that he maintained.

Mr. Starr, 66, wearing a dark blue prison smock, made his appearance before the court, saddened, and stooping, confessed before Federal Magistrate Judge Theodore H. Katz, that he did launder million of Dollars to satisfy his temptations of living a lavish lifestyle.

He confessed that he stole around $20 million to $50 million from the accounts of his clients, which he would use for his own expenses.

A plea accord between Mr. Starr and the Government demands for a sentence serving of 10-12.5 years.

However, Judge, Shira A. Scheindlin, who is lined up to offer verdict on Mr. Starr on Dec. 15, is not bound by the agreement and may possibly inflict a good or low level penalty upon him.

The Government informed that a penalty worth $50 million in assets owned could be inflicted upon the accused as recompense for the victims.

Latest News

Pinterest tweaks pins to provide more details on showcased items
South Australia’s first Apple Store to open at 10a.m. on Saturday
Samsung launches Galaxy S4 compatible TecTile 2 tags
Soaring gas prices surprise market watchers
Recon comes up with Google Glass-like product
Netflix and YouTube consume nearly half of US internet capacity: study
Google commemorates Atari Breakout’s 37th anniversary
New York AG wants leading mobile makers to help tackle problem of device theft
Amazon agrees to acquire Samsung's Liquavista business
Google all set to launch centralized gaming hub for Android: suggests leaked APK
Snapchat app stores users’ images
Verizon: Nokia Lumia 928 to be available from May 16