A former financial adviser to celebrities will spend about seven years behind bars for a multimillion-dollar investment scheme. Admitted con man Kenneth Starr was sentenced yesterday in Manhattan federal court to serve seven years and six months in prison by Southern District Judge Shira A. Scheindlin. Mr. Starr had pleaded guilty to cheating nine wealthy and elderly clients out of more than $30 million. He admitted secretly diverting their money into risky investments or his own pockets.
Prosecutors said Mr. Starr used some of the money to bankroll a Manhattan condo and a lavish lifestyle. Defense lawyers had argued their 67-year-old client deserved leniency. They called the scheme an isolated “mistake” made after a lifetime of honesty and helping others. — Associated Press
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