January 23, 2017

Martin Scorsese not exactly sued by Ken Starr

By Roger Friedman

HollywoodNews.com: It’s not Ken Starr who’s suing Martin Scorsese. Let’s all take a deep breath.

Starr is in jail, on ice–so to speak–awaiting anything to happen on his $59 million fraud indictment.

Meanwhile, a receiver has been appointed by the court to go figure out what happened to all the money and to straighten out the accounting of Starr’s investment company.

In all Ponzi cases this happens, and it’s not pretty. The receiver has to go find where money went from one account to another. Even if a client received money that wasn’t theirs for example and it didn’t know it, they have to give it back.

In the 2001 case of Dana Giacchetto, the money manager to Leonardo DiCaprio and Mike Ovitz, this is what happened. It was a mess. The Giacchetto case was very similar to this one, except the total amount only came to $14 million. It seemed like a lot back then.

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To read more go to Showbiz411.com.

Image by PR Photos.

About Roger Friedman

Roger Friedman began his Showbiz411.com column in April after 10 years with Fox News where he helped create Foxnews.com. Friedman’s prior experience on the Internet is with MSN’s Cinemania column. Friedman also wrote the Intelligencer column as a contributing editor at "New York Magazine," where he covered the O.J. Simpson criminal trial. In addition, Friedman has been involved in book publishing and filmmaking (Only the Strong Survive). For more about Roger go to Showbiz411.com

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