and he's supposed to be the spiritual one
A blog for people who seek alternative approaches to kiruv and the baal teshuvah experience.
Who was the accountant who ripped off al pacino?
The accountant was Kenneth Starr — no relation to the independent counsel who investigated Bill Clinton.1 2
Starr was a Bronx-born celebrity accountant and money manager whose client list was a Hollywood Who's Who: Al Pacino, Uma Thurman, Martin Scorsese, Natalie Portman, Carly Simon, Sylvester Stallone, Wesley Snipes, Lauren Bacall, Neil Simon, and Barbara Walters, among others.1 2 He ran a Ponzi-style scheme, using money from some clients' accounts to cover shortfalls in others', and reportedly pocketed as much as $59 million.2 3
Pacino says he started getting warnings around 2011 that his accountant "was not to be trusted," but his lavish spending masked the problem — a Beverly Hills mansion, a Gulfstream 550, and an entire floor of the Dorchester hotel in London.4 5 He wasn't even signing his own checks; Starr was.4 6 When Pacino finally looked, his $50 million was gone.7 8
Starr pleaded guilty in September 2010 and was sentenced in March 2011 to 7.5 years in prison.1 3 The judge, Shira Scheindlin, went lenient partly on the reasoning that his victims were rich and didn't go broke — a claim Pacino might dispute.1
The fallout reshaped Pacino's career: he took roles he didn't care about, starting with Jack and Jill, because he needed the money.7 5
Yes, Kenneth Starr was Jewish.1 2
Consider how insane that place was, we were supposed to get an introduction to Judaism and all we got was an overwhelming shiur on the daf without having received any background on the Talmud. That and the son in law, a 30 year old BT from Trinity College, reading the Chumash to us. All within a cold and competitive environment run by a tyrannical moron.
“Larry Bird remembers when players that later went bankrupt made fun of him for saving his money:”
Even when I was at the top of my game, we didn't drive a Mercedes-Benz or live in million-dollar homes, things like that. When I first started playing, we bought a nice little house in the French Lick/West Baden area. It cost $125,000. We didn't run out and spend all our money because we knew there would be a time when it was over, and I wanted to have options on what we could do with our future. I never thought about retiring. I just assumed I would always work." "Some of the guys who made far less than me bought the $700,000 homes, and the ROLEXwatches, and the big luxury cars. I used to tell them, "You're crazy, you should be saving your money." They'd just laugh and make jokes about me stashing my money away. But I could see what they were doing. They were throwing away their future. So many of them were living for today and not even stopping for a minute to think about ten years down the road when their playing careers were over and the money stopped pouring in. And by the time they realized what I was telling them was true, it was too late.I can't tell you how many ex-teammates have asked me for money. It's heartbreaking for me to say no, but I do because I warned them. I told them to save."At 67, here's one piece of advice I'd give anyone under 30:
Travel as much as you can while you're young.