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Hollywood Money Manager charged with Ponzi scheme

By Roger Friedman

HollywoodNews.com: Ken Starr–not the Ken Starr from Whitewater–has been charged by federal prosecutors with a $30 million Ponzi scheme.

Starr is a money manager for dozens of Hollywood names. Sources tell me this investigation has been proceeding for some time, with many of his former clients settling cases with him to get their money back before Starr was hauled away in handcuffs today.

One of his victims was Joan Stanton, the original voice of Lois Lane on the radio. Stanton is also the now deceased widow of Volkswagen magnate Arthur Stanton. In 1987, Joan Stanton inherited $87 million from her husband. By the time she died, little of it was left. Starr was her financial adviser.

Joan Stanton’s heirs wound up settling with Starr, I am told, in a backstage Upper East Side money scandal that was little publicized when it was first discovered.

To read more go to Showbiz411.com.

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