{"id":15929,"date":"2010-05-28T06:51:10","date_gmt":"2010-05-28T10:51:10","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=15929"},"modified":"2010-05-28T06:55:50","modified_gmt":"2010-05-28T10:55:50","slug":"hedge-fund-adviser-politician-charged-in-fraud-case","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2010\/hedge-fund-adviser-politician-charged-in-fraud-case.html","title":{"rendered":"Hedge Fund Adviser & Politician Charged in Fraud Case"},"content":{"rendered":"

\"\"<\/a>New York (HedgeCo.net) – Hedge fund adviser Kenneth Starr has been charged with investment fraud in an alleged $30 million scheme in which Andrew Stein, a former New York City politician, has also been described as an “associate”, the Wall Street Journal reports. (Not to be mistaken with the Starr from the Whitewater investigation)<\/p>\n

Starr, who has advised Wesley Snipes and Goldie Hawn, was named in a criminal complaint filed by federal prosecutors, allegedly using his access to hedge funds and celebrities, to “burnish an image of trustworthiness”, according to the Journal.<\/p>\n

“The criminal complaint didn’t name the alleged victims, but described them as an unnamed hedge fund manager and well-known philanthropist, an actress, a former executive of a talent agency, an elderly heiress and a jeweler who is a convicted felon.” The paper reported.<\/p>\n

The SEC said Starr provided investment adviser services to more than 30 high net worth individuals and has AUM over $700 million.<\/p>\n

Starr remains detained while Stein, who is accused of making false statements to the IRS, was released on a $250,000 bond.<\/p>\n

Alex Akesson
\nEditor for HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a> is a premier hedge fund database<\/a> and community for qualified and accredited investors only. Membership in HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.net) – Hedge fund adviser Kenneth Starr has been charged with investment fraud in an alleged $30 million scheme in which Andrew Stein, a former New York City politician, has also been described as an “associate”, the Wall […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-15929","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/15929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=15929"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/15929\/revisions"}],"predecessor-version":[{"id":15933,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/15929\/revisions\/15933"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=15929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=15929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=15929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}