Home Celebrity Scorsese Still a Good Fella: Not Sued by Ken Starr, Exactly

It’s not Ken Starr who’s suing Martin Scorsese. Let’s all take a deep breath.

Starr is in jail, on ice–so to speak–awaiting anything to happen on his $59 million fraud indictment.

Meanwhile, a receiver has been appointed by the court to go figure out what happened to all the money and to straighten out the accounting of Starr’s investment company.

In all Ponzi cases this happens, and it’s not pretty. The receiver has to go find where money went from one account to another. Even if a client received money that wasn’t theirs for example and it didn’t know it, they have to give it back.

In the 2001 case of Dana Giacchetto, the money manager to Leonardo DiCaprio and Mike Ovitz, this is what happened. It was a mess. The Giacchetto case was very similar to this one, except the total amount only came to $14 million. It seemed like a lot back then.

In today’s case, receiver Aurora Cassirer is a heavy duty lawyer whose job it is to unravel these mysteries. The Scorsese matter–she says his film company should pay back $600,000–won’t be the last. And it’s not a slam dunk either. Scorsese may argue that he lost money with Starr, or found his accounting to be snarled up.

Cassirer will be making more of these moves, believe me. It’s her fiduciary responsibility.

She’s also going after money Starr deposited years ago on a $14 million apartment. So hold on. As we always say, more to come.

Author
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. He wrote the Intelligencer column for NY Magazine in the mid 90s, reporting on the OJ Simpson trial, as well as for the real Parade magazine (when it was owned by Conde Nast), and has written for the New York Observer, Details, Vogue, Spin, the New York Times, NY Post, Washington Post, and NY Daily News among many publications. He is the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.