Radio's 'Lois Lane,' now 90, accuses money adviser (Kenneth Ira Starr) of fraud

[Kadie]

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Radio's 'Lois Lane,' now 90, accuses money adviser of fraud
By SAMUEL MAULL, Associated Press Writer
12 minutes ago


NEW YORK - An actress who was the 1940s radio voice of Lois Lane, the reporter with a crush on Superman, has accused her financial adviser of losing and stealing tens of millions of dollars of her money.

Joan A. Stanton, 90, claims in court papers that Kenneth Ira Starr, "accountant and financial adviser to the rich and famous," ingratiated himself with her to take control of her fortune, then shielded her from the advice of others, including that of her children.

Stanton's late husband, Arthur Stanton, was a businessman who left her $70 million when he died in 1987, the lawsuit says.

The court papers claim that Starr used Stanton's money as "his own unrestricted endowment," putting millions in speculative pet projects that he or his friends controlled instead of the conservative investments she wanted.

Starr and other defendants ran a scheme in which they would solicit investors, direct the money to their own undisclosed uses and then declare the investments as failures, the court papers say.

more...
http://news.yahoo.com/s/ap/20080417/ap_en_ot/lois_lane_sues_1