Celebrities who got scammed

Big stars earn big bucks and that’s exactly why the need good financial advisors to help them manage their wealth. Unfortunately, that also can make them become victims of people who want to take advantage of their money. Here are the celebrities who trusted the wrong people with their finances and got scammed.

Liv Tyler

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Mari Gabriela Hashemipour is a skin expert, who used to work with several famous people and Liv was one of them. Hashemipour was retaining her client’s credit card numbers and was charging up the cards with her own spending. Liv Tyler was hit hard. Her managers eventually noticed $214,000 dollar in charges on the actress’s credit card accounts that were not Tyler’s purchases. It turned out that used Liv’s money for shopping.

Uma Thurman

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Thurman was taken for $1 million by financial advisor Kenneth Starr. Starr had been hired to handle various aspects of her finances, and, it was later discovered, took around $33 million from his clients to give his wife a glamorous lifestyle. Eventually, Thurman noticed the money was missing and confronted him. He immediately paid her back, but with another client’s money. Starr was sentenced to 90 months in prison.

Billy Joel

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Billy Joel filed a lawsuit for $90 million against his ex-manager (and ex-brother-in-law) Frank Weber in 1989 after claiming he’d committed fraud and stole millions of Joel’s dollars. Weber reportedly used Joel’s money for his own investments. After a series of judgments, appeals and countersuits, Joel walked away with around $8 million.

Robert De Niro

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Robert De Niro had 50 paintings that were all done by his father. He decided to consign the paintings to a well-known art gallery owner, Lawrence Salander. Salander sold all the paintings, but kept the profits to pay off his debts. He stole all the money in sales owed to Robert De Niro, and scammed all his art clients out of a total of $88 million dollars.

Ben Stiller

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Ben Stiller was also taken advantage of by a financial advisor to the stars, Dana Giacchetto. He reportedly took in the ballpark of $10 million from clients’ accounts, including an estimated $250,000 from Stiller. Despite suffering losses, Stiller was said to be one of the lucky celebrities, according to The New York Observer. Like Uma Thurman, his money was repaid. Giacchetto served three years in prison.

Elton John

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Elton John sued business manager, Andrew Hadyon and Pricewaterhouse Coopers, for mismanagement of tour payouts. The total estimate for the lawsuit was $29 million dollars. The court could not find the evidence conclusive and disagreed with John’s findings. Elton John had to pay $10 million dollars in legal fees and the trial leaked all kinds of information about John’s personal spending habits, including the fact that he’d spent more than $60 million in less than two years.

Kevin Bacon and Kyra Sedgwick

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Perhaps the most widely publicized victims of rogue financier Bernard Madoff’s Ponzi scheme were actors Kyra Sedgwick and her husband, Kevin Bacon, who had managed to stay out of the tabloids for many years. “I think the interesting thing about it was that I always thought, ‘We’re so boring. We should be in the tabloids more. C’mon honey, let’s have a scandal,'” the actress told the Associated Press. Madoff defrauded his clients of nearly $65 billion in what became the largest Ponzi scheme in history. Kevin and Kyra were among the hardest-hit victims of the scheme, losing nearly all of their money. In a 2011 interview with Piers Morgan, Bacon shared that “it was recommended that [he] put some money with it and [he] did. It was most of our money.”

Kiefer Sutherland

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Kiefer Sutherland invested in cattle and got scammed. Michael Wayne Carr made a business deal with his customers to buy steers in Mexico and sell them in the United States for more money. Carr convinced Sutherland to invest $869,000 dollars. Prosecutors said there’s no record Carr ever bought the steers. They also said Carr sold steers that didn’t belong to him. Carr was charged with 12 felonies, including grand theft, forgery and embezzlement.

Sting

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In 1995, Keith Moore, Sting’s financial adviser for 15 years, was accused of using a complex financial system involving more than 100 accounts  to take more than 6 million British pounds (U.S. $9.8 million) from Sting without the rock star’s knowledge. Then, according to the lawsuit, he lost the money in a series of bad investments and for his own personal use.

 

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3 responses to “Celebrities who got scammed”

  1. Nola says:

    I think it is very important to keep tracking everything that is going on in life very carefully, otherwise it is a big possibility that people might rob you. My mother was always telling me that i should trust noone in this world, and this would be the easier way for me to live. So this way i think that Robert De Niro, has a partial fault for being scammed as well, because if he would have tracked everything that is going on in the gallery he gave his father’s paintings to, as well as if he would check the information about that gallery ( if it has or not debts, and its financial situation), this way i am sure he would have avoided everything that happened, but as he was negligent, he got same result!

  2. Dana says:

    Most of all in this sad story i feel sorry for Sting, as eventually he is the one who got to suffer most of all. I guess i turned upon my attention on his case mostly due to the fact that he is mu favorite singer in the world. When i first heard the song “Stolen car, just take me dancing tonight” i thought that i died and i am in the Paradise, i was listening to it over and over again, for a few weeks, only this song and nothing else, and i still could not get enough of it. Today is about nine or ten years since i first heard that song, and i can definately say that it is one of my favorites, in my opinion this is exactly what being a great singer means, even after many years the song is still popular and famous!

  3. Loretta says:

    I remember i read this story about Starr and Uma Thurman, and that was the moment when i thought they will release him for sure much earlier as eventually during his so called work time he robbed many people and has enough money in order to bribe some judge so he would release him earlier than was supposed to. The only thing i am curious about, and actually am quite amused, is whether his wife who desperately demanded a glamorous life will wait for him being released from the prison or is eventually already happy with some other man. For some reason of my own, maybe intuition, i feel that the second option is more appropriate for her, as if she is interested in posh lifestyle, than she won’t be able to live without it for too long.