Just when it looked like Ponzi schemes had run their course—for the time being—we learned of another. The Daily Beast reported:

Sorry, former President Clinton: It’s not that Ken Starr. A financial adviser with the same name as Clinton’s former nemesis was arrested on Thursday for allegedly perpetrating a $30 million fraud and Ponzi scheme. Clients to Ken Starr, the chairman and CEO of Starr & Company, include Annie Leibovitz, Uma Thurman, Martin Scorsese, Wesley Snipes, and Henry Kissinger. Authorities also arrested Andy Stein, the former Manhattan borough president and New York City Council president, for lying to officials conducting the probe.

Madoff, Stanford, and now Starr. Emotions are raw among the victims. Here are Uma Thurman’s thoughts on justice, what she calls a “roaring rampage of revenge.”

Yikes. What was Starr thinking?

About the author

Norb Vonnegut wrote 178 articles on this blog.

Do you ever feel the financial news makes no sense? Do stories leave you with more questions than answers? I created Acrimoney to discuss Wall Street’s behavior behind the headlines. As a veteran of a wealth management business that exceeded $1 billion in assets, I offer insight into the people and the “doings” that affect your money. I’ll start the discussion. But I hope you’ll jump in and say what you think.

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