July 9, 2010 / 12:16 AM / 8 years ago

Scorsese sued by receiver for celebrity money man

NEW YORK (Reuters) - Oscar-winning director Martin Scorsese was sued on Thursday for $600,000 for bookkeeping costs and other services provided by jailed financial advisor Kenneth Starr.

Director Martin Scorsese arrives on the red carpet for the screening of the film "Wall Street - Money Never Sleeps" during the 63rd Cannes Film Festival May 14, 2010. REUTERS/Jean-Paul Pelissier

Starr Investment Advisors managed Scorsese’s money from 2006 to 2010, but “The Departed” director failed to pay the company’s fee of five percent of earned income, according to a complaint filed by company receiver Aurora Cassirer in New York State Supreme court.

Starr, 66, is accused of stealing at least $59 million from celebrities, including Scorsese, actors Uma Thurman, Al Pacino and others. Starr has been charged with wire fraud, securities fraud and misappropriation of funds.

His company, which was put into receivership, managed more than $700 million for close to 200 wealthy individuals.

The lawsuit seeks to recover many of Starr’s assets on behalf of defrauded investors.

Reporting by Karina Ioffee; Editing by Bob Tourtellotte

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