Kenneth Starr Reaches Deal to Pay Back Victims

By Ben Fractenberg on February 15, 2011 8:14pm 

Former celebrity money manager Kenneth Starr.
Former celebrity money manager Kenneth Starr.
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Associated Press

By Ben Fractenberg

DNAinfo Reporter/Producer

MANHATTAN — Alleged celebrity financial fraudster Kenneth Starr has reportedly reached a deal with prosecutors to pay back at least a portion of the $50 million he stole, the New York Post reported Tuesday.

Federal Judge Shira Scheindlin will reportedly give Starr's victims up to 30 days after his March 2 sentencing to object to the restitution package. The judge would have 60 days to make the agreement binding.

A lawyer for Jacob "The Jeweler" Arabov, who lost an estimated $14 million in the scheme, said he doubted the victims would get all their money back, according to the Post.

"I don't have any reason to believe that all of the people are going to be made whole," lawyer Benjamin Brafman told the Post.

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