Kenneth Starr Fraud $30M (PHOTO)

By: Michael Stevens - Staff Writer
Published: Mar 3, 2021

Kenneth Starr Fraud. Kenneth Star was sentenced for fraud after siphoning more than $30 million from his clients. Some of his clients include Martin Scorsese and Uma Thurman.

Starr, 67, was sentenced to seven and a half years in prison on Wednesday. His money management activities went on for more than 20 years. Likened to a miniversion of Bernard L. Madoff, he used the funds to finance a lavish lifestyle, including a luxury apartment with an indoor swimming pool on the Upper East Side. As part of the sentence, Starr will have to pay more than $29 million in restitution to his victims, a portion of which will come from the sale of his condominium.

“I did acts that in retrospect I can’t believe I did,” Starr said as he was speaking at his sentencing at the federal courthouse in Manhattan. “I lost my moral compass.”

Starr pleaded guilty in September to charges of fraud and money laundering.

The sentence given to Starr fell below the guidelines in his plea agreement, which called for a sentence of 10 to 12 and a half years. The shorter sentence was a blow to some victims in the packed courtroom. For Starr’s family, however, including his current wife and his children from previous marriages, the prison term offered a ray of hope.

Looming over the sentencing was the case of Mr. Madoff, who is currently serving a 150-year sentence for swindling clients out of tens of billions of dollars. Starr’s defense lawyer repeatedly made reference to the scale of Starr’s fraud, and, while not dismissing it, said that her client’s actions paled by comparison to Mr. Madoff’s Ponzi scheme.


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