Money Manager Kenneth Starr Granted $10 Million Bail
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Money manager Kenneth I. Starr, facing a criminal trial on charges he defrauded his celebrity clients of at least $59 million, was conditionally granted $10 million bail two months after his arrest.
U.S. District Judge Shira Scheindlin in Manhattan said today that to secure the bond, Starr must post as collateral the homes belonging to his two brothers, a Florida condo, $250,000 in cash and a rare book collection owned by one of the brothers. His wife, Diane Passage, and his brothers must sign the bond, as must a family friend who owns a charter jet business.