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Celebrities who got scammed

Investing » Celebrities Who Got Scammed

Billy Joel
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Billy Joel

What happened: In 1989, Joel filed a $90 million lawsuit against his ex-manager (and ex-brother-in-law) Frank Weber, claiming that Weber committed fraud and used him as a "personal bank," supposedly steering millions of Joel's dollars, without the piano man's knowledge, toward investments that stood to benefit Weber.

The conclusion: This episode ignited a complex web of lawsuits that also involved Joel suing his own high-priced lawyers and an accounting firm. After a series of judgments, appeals and countersuits, Joel walked away with around $8 million.


 

 

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