Liza Minnelli, Al Pacino and Paul Simon have been left out of pocket after a celebrity investment firm went bust.
Starr & Company LLC and Starr Investment Advisors LLC filed for bankruptcy on Thursday (17Feb11) in a New York court, leaving a huge list of celebrity creditors.
The bankruptcy request comes just months after founder Kenneth Starr admitted to embezzling $30 million from celebrity clients.
He is currently behind bars facing a lengthy prison sentence when his case goes to court later this month (Feb11).
Also on the list of famous creditors is U.S. broadcaster Barbara Walters and film producer Harvey Weinstein.
It is not known how much, if any, creditors will be able to recover through the bankruptcy proceedings.
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