smart spending

Celebrities who got scammed

Investing » Celebrities Who Got Scammed

Billy Joel
Next
4 of 6
Back
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.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE REFINANCE AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 3.73%  0.02 3.75%
15 year fixed 2.93%  0.02 2.95%
5/1 ARM 3.02%  0.01 3.03%
 
View Rates in your area Next
Product Rate Change Last week
30 year fixed refi 3.80%  0.02 3.82%
15 year fixed refi 3.01%  0.02 3.03%
10 year fixed refi 3.06%  0.06 3.12%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.68% --0.00 2.68%
48 month used car loan 2.76% --0.00 2.76%
60 month new car loan 3.07%  0.02 3.09%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 1.01%  0.00 1.01%
2 Year CD 1.19% --0.01 1.20%
5 Year CD 1.67%  0.04 1.71%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.88% --0.00 15.88%
Cash Back Cards 16.33% --0.00 16.33%
Low Interest Cards 11.10% --0.00 11.10%
 
Next
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us