Wednesday, April 8, 2009

Kurt Cobain estate swindled out of all its money.

From News.com.au:

Kurt Cobain's estate has lost all the money left to his widow Courtney Love and their daughter, Frances Bean, in an alleged money laundering scam.

The New York Post reports bank accounts using the social security numbers of Cobain, Love and Frances Bean were allegedly set up to buy and sell real estate across the US.

"There is now a web of homes which were bought, flipped and used to launder money - up to $US500 million worth," Love's lawyer Rhonda J. Holmes said.

Investigators, forensic accountants and lawyers hired by Love found that the Nirvana singer's estate had lost more than $45 million cash and up to $705 million in real estate.

[...] Ms Holmes said that Love only noticed the money was gone when there wasn't any left.

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