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Celebrities who got scammed

Investing » Celebrities Who Got Scammed

Sting
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Sting

What happened: In 1995, Keith Moore, Sting's financial adviser for 15 years, was accused of using a complex financial system involving more than 100 accounts to take more than 6 million British pounds (U.S. $9.8 million) from Sting without the rock star's knowledge. Then, according to the lawsuit, he lost the money in a series of bad investments and for his own personal use.

The conclusion: The story was seen as a classic tale of excess when Sting initially failed to notice that this enormous amount of money had gone missing. Moore, meanwhile, who had also worked with the bands Queen and Big Country, was sentenced to six years in prison.


 

 

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