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  • 10 Celebrities Who Got Scammed For Huge Money: Billy Joel & Robert de Niro Lost Millions

10 Celebrities Who Got Scammed For Huge Money: Billy Joel & Robert de Niro Lost Millions

Category: Financial News

Many people look up to their favorite celebrities for inspiration, hope, and direction. However, celebrities are human and like us ordinary people, are vulnerable one way or another. Celebrities are not at stupid, at least not all of them. But sometimes, they can be too trusting and that often opens a window of opportunity for people they trust to take their hard earned money. To err is human, and celebrities, no matter how bright or popular they are, are clearly not exempted. 

#10 Cindy Crawford and Rande Gerber – lost $100,000

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A male model by the name of Edis Kayalar attempted to suck some $100,000 from Cindy Crawford and her husband Rande Gerber. Kayalar showed the couple a photo of their daughter tied up. It was soon revealed that the photo was taken by the daughter’s nanny, who was dating Kayalar. The model was soon extradited to the US on extortion charges.

#9 Liv Tyler – lost $214,000

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Unlike most celebrities on this list, beautiful Liv Tyler did not get conned by her manager or financial advisor. Rather, it was her dermatologist Mari Gabriela Hashemipour. Hashemipour is a known skin expert who has worked with other big names like Cher and Jennifer Anniston. But Miss Hashemipour was not only interested in taking care of her clients’ skin – she was also keen on their credit card details. Tyler’s managers soon noticed that their client was getting charged for things the actress did not purchase. It turned out that Hashemipour was doing all the shopping.

#8 Ben Stiller – lost $250,000

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The comedian asked a financial advisor Dana Giachetto to take care of his money. However, Giachetto had other things in mind and pocketed Stiller’s $250,000, along with $10 million from the rest of his clients. Giachetto was sentenced to three years in prison, a light sentence considering the amount he took from those who trusted Giachetto with their money.

#7 Kiefer Sutherland – lost $869,000

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The 24 Hours star looks like a badass anti-terrorist cop who only needs a day to save the world. But that did not stop Michael Wayne Carr to lift $869,000 from Sutherland, who he convinced to invest in selling steers. It turns out that Carr was never really into the steers business and is now facing several charges of felony.

#6  Uma Thurman – lost $1 million

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The star of the Kill Bill saga may seem to be a badass babe with a katana on screen and looks like one you would not want to be messing with, but Uma Thurman got duped big time. The actress lost $1 million and the culprit was revealed to be her financial planner Kenneth Starr. But Miss Thurman is not the only one Starr handled and took advantage of. The tricky financial planner did the same to most of his clients and the total amount he took from his clients amounted to $33 million. For his illegal financial activities, Starr was convicted and sentenced to 90 months in prison.

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#5 Sting – lost $9.8 million

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Music icon Sting is too damn rich becasue he did not notice that Keith Moore, his financial advisor for 15 years, was stealing from him. Sting hired Moore to handle his portfolio but Moore carefully took the money out from Sting’s 100 accounts and invested them on various deals as well as satisfied his other financial cravings. People are really wondering how Sting was not able to detect the theft.

#4 Elton John – lost $29 million

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Many people know that Sir Elton John is a big spender but it is a shock that he lost $29 million due to mismanagement. John sued his management agency, Andrew Hadyon and Pricewaterhouse Coopers, in order to retrieve the money, but lack of evidence soon led to the dismissal of the case. To add salt to the wound, John had to pay $10 million in legal fees.

#3 Robert de Niro – lost $88 million

Robert de Niro exudes that tough guy persona, both on screen and in personal life. So it is quite a surprise that somebody actually got the balls to con this guy. An art enthusiast who has an extensive painting collection done by his father, De Niro decided to sell all 50 artworks, with art gallery owner, Lawrence Salander as the middleman. The paintings turned a huge profit but Salander did not gave De Niro the money. Instead, he used the funds to pay off his own debts.

#2 Billy Joel – lost $90 million

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Music legend Billy Joel may have his own share financial misfortunes, but losing $90 million by trusting his ex brother in law is just cruel. Joel worked with Frank Weber, who acted as his manager at one time and easily siphoned $90 million from Joel. The money was used to fund several investments that made Weber wealthy but were not in Joel’s best interests. The musician filed a series of lawsuits against Weber but only got $8 million back.

#1 Kyra Sedgwick and Kevin Bacon – Lost A lot!

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Celebrity couples Kevin Bacon and Kyra Sedgewick are known to be silent about their relationship. But things took a turn for the worse when they became victims of the Bernie Madoff Ponzi scheme. It looks like they lost a huge amount of money as both actors really worked hard to get their money back.

By Nestor Gilbert

Senior writer for FinancesOnline. If he is not writing about the booming SaaS and B2B industry, with special focus on developments in CRM and business intelligence software spaces, he is editing manuscripts for aspiring and veteran authors. He has compiled years of experience editing book titles and writing for popular marketing and technical publications.

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2 Comments »
BankerJoe says:

Who say only poor and slow-minded people get scammed? IMHO it's not your educational or social status that make you susceptible to a scam. In many cases, it's simply greed that compels someone with money to go for it in the hope of getting more money. That's why cons will never run out of prospects in our greedy society.

Reply to this comment »
BankerJoe says:

Some of these cases are outright scams, but celebrities suing their financial advisers for losing money (poor investment decision, tax issues, etc.)should not count as scam. There's always a risk in investment consulting so they just have to accept when things don't go their way.

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