He was already facing up to 12 years in federal lockup for swindling his clients, and now disgraced money manager to the rich and famous Ken Starr can add a $140 million lawsuit to his troubles.
The court-appointed receiver put in charge of Starr’s now-dead companies has filed suit against the money man in Manhattan Supreme Court, seeking repayment of the over $35 million he swindled from his clients — and $105 million in punitive damages for his “wanton, willful and malicious conduct.”
Starr, 66, pleaded guilty to money laundering, wire fraud and investment-adviser fraud last month, and is scheduled to be sentenced in December.
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