PAUL SIMON: Won’t Have to Pay Crooked Financial Advisor
The rock and roll legend was one of several entertainers duped by financial adviser Kenneth I. Starr, who ran a Ponzi scheme.
Paul Simon has won a legal victory against a former financial adviser. New York’s Daily News reports that Simon had faced a judgement of more than $17,000 — plus interest and lawyer’s fees — after an earlier ruling said that Simon owed Kenneth I. Starr for work done, even though the now-imprisoned money manager had squandered an unspecified amount of Simon’s money.
After a 2010 guilty plea to running a Ponzi scheme, Starr is serving a seven-and-a-half year term. He had tried to evade repayment — and get more money out of Simon and other victims such as Uma Thurman, Natalie Portman, Sylvester Stallone and Martin Scorsese — by declaring bankruptcy.