Thursday, August 18, 2022 | Back issues
Courthouse News Service Courthouse News Service

Lawyer Charged in Ken Starr’s Ponzi Scam

MANHATTAN (CN) - Federal prosecutors unsealed an indictment charging an attorney with laundering money in financial adviser Kenneth Starr's $59 million Ponzi scheme. Jonathan Bristol allegedly helped Starr defraud his clients and laundered the stolen money through attorney trust accounts.

When Bristol's law firm sought payment from Starr for $750,000 in legal fees, Bristol laundered a payment to the firm of $100,000 from Starr's clients, according to the complaint.

Prosecutors say Bristol helped Starr use $7 million in stolen client funds to buy a luxury condominium this year.

Starr pleaded guilty in September to wire fraud, money laundering and investment adviser fraud.

Bristol could face up to a 20-year prison sentence if convicted.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.

Loading
Loading...