Investing » Celebrities Who Got ScammedSting5 of 6What 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.
Investing » Celebrities Who Got Scammed
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.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.