Thursday, August 4, 2011

No, Not That Ken Starr

Attorney Kenneth Starr has been disbarred by the New York Appellate Division for the First Judicial Department as a consequence of a federal fraud conviction:

At his plea allocution, respondent admitted that, from 2009 to 2010, while acting as a financial advisor, he knowingly used a portion of money entrusted to him by his clients for his
own purposes, diverting client funds by first wiring the funds to an attorney trust account, so as to conceal the true source of the funds. As an example, respondent admitted that, on or about
January 5, 2010, he transferred $1 million from a client's account to the attorney trust account and later used that money for his own purposes. As another example, respondent admitted
encouraging a client to make a $500,000 investment in a company without disclosing that the investment was a loan. Respondent further admitted that, when he transferred the money to another attorney's trust account, he knew that money was not his and that it belonged to his clients and that he did so for his own purposes.

Details here and here from NewYorkDailyNews.com:

Starr, whose celebrity clients once included Uma Thurman and Sylvester Stallon, admitted using his clients' funds to prop up his posh lifestyle and to buy his ex-stripper wife diamond earrings and bracelets.

(Mike Frisch)

http://lawprofessors.typepad.com/legal_profession/2011/08/no-not-that-ken-starr.html

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