Usain Bolt recently got scammed of over $12.7 million, as the amount disappeared from a private investment firm. The Jamaican authorities have started looking into the matter, while the athlete’s attorney has threatened the firm with a suit if the money is not returned within 10 days.
Financial fraud has become a common phenomenon in current times. Here are a few examples of celebrities falling for financial fraud in recent times.
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Uma Thurman
Credits – IMDB
The Kill Bill star was duped of over $1 million. Thurman was deceived by her financial planner, Kenneth Starr. Starr handled the finances of several actors, hence there were several such culprits like Thurman. The planner who had “stolen” over $33 million from his clients was convicted and sentenced to 90 months in prison.
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Sting
Sting. Credits – Britannica
The 71-year-old English musician was one of the most popular vocalists from the late 1970s. However, the singer/actor was scammed for over 15 years by his financial advisor Keith Moore. Moore accessed the star’s 100 different accounts and invested the money out of them elsewhere.
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Elton John
Elton John. Credits – National Today
Legendary music personality, Elton John, who is also known for his extravagant lifestyle lost over $29 million due to mismanagement. The celebrity filed a complaint against the management agency to get back the lost amount. However, to his misfortune, the singer not only lost the case but also had to pay $10 million as his legal dues.
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Robert De Niro
Robert De Niro. Credits – Vanity Fair
Two Time Academy Award-winning actor is a man of interest. Robert De Niro is also known for his liking for art pieces. It is a well-known fact that the actor owns a painting collection which has been put in place by his father. The actor once decided to set his artworks in an art gallery with the help of a middleman named Lawrence Salander. The paintings made huge profits, however, the actor did not get the money, as the middleman used it to settle his debts.
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Billy Joel
The legendary music personality lost over $90 million because of his ex-brother-in-law Frank Weber, who also worked as his manager. Joel lost the money as his manager used it for his investment. Joel filed several complaints against his former manager but was only able to get back a little of the total amount.
