15 Things To Do If You Get Rich All Of A Sudden - BGOLIANS pay attention to number 14!!! some of yall WILL hit this landmine!!!
- Thread starter geechiedan
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Don't even have to look for the first three things..... I'll look at this later
Get a new phone
get an accountant
get multiple investment advisors
.
Get a new phone
get an accountant
get multiple investment advisors
.
how can you trust them???
That's why you get several and don't trust one with all of your loot and naturally you start with small amounts for them to work with and see how they perform
Many celebrities have been victims of financial fraud perpetrated by their trusted financial advisors. Notable cases involve major financial criminals such as Bernie Madoff, Kenneth Starr, and Dana Giacchetto.That's why you get several and don't trust one with all of your loot and naturally you start with small amounts for them to work with and see how they perform
Bernie Madoff Ponzi Scheme
Bernie Madoff orchestrated one of the largest Ponzi schemes in history, defrauding a wide range of investors, including several high-profile celebrities and their foundations.
- Kevin Bacon & Kyra Sedgwick: The Hollywood couple lost millions of their life savings in the scheme.
- John Malkovich: The actor also fell victim, reportedly losing over $2 million.
- Elie Wiesel: The Holocaust survivor and Nobel Peace Prize winner lost both his life savings and $15.2 million from the Elie Wiesel Foundation for Humanity.
- Zsa Zsa Gabor: The socialite and actress reportedly lost between $4.5 million and $10 million.
- Steven Spielberg: The film director's Wunderkinder Foundation lost approximately $340,000.
Kenneth Starr
Kenneth Starr was a New York investment advisor to the stars who was arrested in 2010 for stealing approximately $30 million from his clients to fund a lavish lifestyle, including a multi-million dollar Manhattan condo with an indoor pool.
- Al Pacino: The actor lost a significant amount of money and faced potential bankruptcy due to Starr's actions.
- Sylvester Stallone: Stallone was a client of Starr and sued him for misleading advice related to the Planet Hollywood bankruptcy.
- Uma Thurman: The actress demanded her money back and reportedly retrieved her funds after confronting Starr.
- Martin Scorsese: The film director was also a client of Starr but managed to get out of the deal early.
- Wesley Snipes: Starr provided testimony during Snipes' tax evasion trial, having advised the actor previously.
Dana Giacchetto
Known as the "stockbroker to the stars," Dana Giacchetto misappropriated up to $10 million from his celebrity clients during the 1990s.
- Ben Stiller: The actor was scammed out of $250,000.
- Ben Affleck & Matt Damon: Giacchetto targeted these actors, among others.
- Courteney Cox & Leonardo DiCaprio: Were also clients who lost money.
Other Notable Cases
- Billy Joel: The singer was defrauded by his former manager and brother-in-law, who embezzled millions.
- Elton John: His management company was found to have embezzled millions, leading to a high-profile legal battle.
- Dane Cook: The comedian's half-brother and business manager, Darryl McCauly, was found to have embezzled millions from him.
- Jack Nicholson: The actor was scammed by art dealer Todd Michael Volpe, who stole $600,000 from him in an art dealing scheme.
When you think of A-listers, wealth is one of the first things that comes to mind — somewhere between talent and fame. Although it’s easy to fantasize about $20 million movie paychecks, $500 million net worths and a life of luxury, celebrity-level visibility to the public also makes for celebrity-level visibility to scammers and con artists — which is how celebrities get scammed.
And when celebs get scammed, one thing’s for sure: Those A-list-sized bank accounts mean that the monetary losses are often of an epic scale. Click through to see the celebrities who have fallen for some of the biggest money scams.
Last updated: Sept. 7, 2020
In 1995, the former Police frontman’s financial advisor of 15 years, Keith Moore, was sentenced to six years in jail. He funneled 6 million pounds into his pockets via phony “investments,” ranging from Indian restaurant chains in Australia to eco-friendly gearboxes, the Independent reported. If you’re thinking about hiring a financial advisor, follow these steps to find a trustworthy professional.
The list of scammed celebrities includes Sylvester Stallone, Wesley Snipes, Al Pacino, Neil Simon, Martin Scorsese, David Blaine and Uma Thurman, among others. He was sentenced to 7 ½ years in prison, according to The New York Times.
At the time, the scandal was the largest tax fraud case in American history, generating more than $1 billion in fictitious losses, the Los Angeles Times reported.
Follieri’s racket was a particularly slimy one — he posed as a Vatican official and promised investors Italian property owned by the Roman Catholic Church. He was released from prison in 2012 after serving a 4 ½-year sentence and deported back to Italy, where he is now back to actively investing, Page Six reported.
In 2011, he was ordered to pay back nearly $1.6 million to his victims, including Sutherland, Recordnet.com reported.
Between the early and late 1990s, Dane Cook’s half-brother and sister-in-law weren’t just managing his comedy business, they were skimming a cool $12 million off the top for themselves. In 2010, CNN reported that the duplicitous duo pleaded guilty to charges, including larceny, embezzlement and forgery, before being ordered to pay the money back and getting treated to some time in prison.
Tyler was reportedly hit the hardest when Perez racked up $214,000 on two of her American Express cards. She pleaded guilty to access device fraud and was sentenced to house arrest and probation, the Beverly Hills Courier reported.
Anthony Lemar Taylor falsely obtained a driver’s license with Woods’ name, birth date and Social Security number. Then, the identity thief used it to bill a car, 70-inch TV and some stereos to the real Tiger. All told, Taylor spent $17,000 worth of Woods’ money between 1998 and 1999. In 2001, he was sentenced to 200 years in prison for the crime, the Associated Press reported.
Pearlman died in 2016 while serving a 25-year prison sentence. He earned that penance after most of the groups he managed sued him in federal court for fraud and misrepresentation, claiming that the majority of their rightful profits somehow ended up in Pearlman’s pockets, Rolling Stone reported.
Clients and victims of Volpe’s famous scam, including Barbra Streisand, “Jurassic Park” producers and members of KISS, lost $1.9 million to Volpe, The New York Times reported. But Jack Nicholson was also hit hard. Of the $600,000 investment Nicholson gave to Volpe, it’s unclear how much the legendary actor lost on shady dealings.
Volpe wrote about his side of the scandal in his autobiography, “Framed: America’s Art Dealer to the Stars Tells All.”
The country song-worthy family drama had a fairly happy ending, though. By 2002, the legal battles were settled just before her wedding to backup dancer Dean Sheremet. Wilbur attended the ceremony and even shared a father-daughter dance with Rimes.
In a story that sounds all too familiar, Dana Giacchetto served as a stockbroker to the stars throughout the 1990s, stealing money from numerous A-list clients before serving time in prison for losing between $5 million and $10 million of his clients’ money, ABC News reported. Among those scammed were Courteney Cox, Ben Stiller and Leonardo DiCaprio.
Giacchetto was released from prison in 2003, and was trying to rebuild his life by starting a new food-based business. He died in 2016 at the age of 53, The Hollywood Reporter reported.
To make matters worse, Weber was also Joel’s ex-brother-in-law, a former close friend and godfather to his daughter, People magazine reported.
The scam led to the collapse of Edmonds’ own entertainment business, Unique Group, but he also claimed massive losses for potentially missed speaking fees, emotional damage and legal fees. In July 2017, Edmonds increased his compensation claim to 300 million pounds — that’s about $383 million.
Lloyds Bank said it had set aside 100 million pounds to compensate HBOS Reading victims, but the bank has yet to reach a financial agreement with Edmonds.
Madoff confessed that his fraudulent deeds topped $50 billion, and clients of his money management firm admitted to exposures that accounted for at least half of that. He pulled off the biggest fraudulent scheme in American history by relying on the time-tested Ponzi structure: using money from new investors to pay off the returns he promised to existing investors.
Among the laundry list of non-celebrity victims were plenty of scammed celebrities, including Steven Spielberg, baseball player Sandy Koufax, Kevin Bacon, Kyra Sedgwick, John Malkovich and Zsa Zsa Gabor. In June 2009, Madoff was sentenced to 150 years in prison, and in November 2017, the U.S. Department of Justice announced that it was beginning to distribute funds to Madoff’s victims.
And when celebs get scammed, one thing’s for sure: Those A-list-sized bank accounts mean that the monetary losses are often of an epic scale. Click through to see the celebrities who have fallen for some of the biggest money scams.
Last updated: Sept. 7, 2020
Alanis Morissette
Canadian singer Alanis Morissette’s legal battle with business manager Jonathan Schwartz finally came to a close in January 2017, when Schwartz admitted to swindling $4.8 million from Morissette and over $2 million from other artists, according to the BBC. For transferring Morissette’s money straight to his own account, Schwartz was sentenced to six years in jail, Rolling Stone reported. He really oughta know better.Sting
In recent years, Sting has been playing high-profile weddings for multimillion-dollar paychecks, making cameo appearances in “Zoolander 2” and selling off his Henri Matisse artwork to fund his empire, according to the Daily Mail. But his financial woes go way back.In 1995, the former Police frontman’s financial advisor of 15 years, Keith Moore, was sentenced to six years in jail. He funneled 6 million pounds into his pockets via phony “investments,” ranging from Indian restaurant chains in Australia to eco-friendly gearboxes, the Independent reported. If you’re thinking about hiring a financial advisor, follow these steps to find a trustworthy professional.
Sylvester Stallone, Uma Thurman and More
In 2010, New York “financial advisor” Kenneth Starr was arrested for diverting $30 million of his clients’ money, netting himself a Manhattan condo with a 1,500-square-foot garden and an indoor swimming pool. It was, of course, no small change, but the number makes much more sense when you consider Starr’s celebrity victims.The list of scammed celebrities includes Sylvester Stallone, Wesley Snipes, Al Pacino, Neil Simon, Martin Scorsese, David Blaine and Uma Thurman, among others. He was sentenced to 7 ½ years in prison, according to The New York Times.
Robert De Niro
Robert De Niro doesn’t just make art onscreen; he’s a child of the arts, too. Sadly, shady art dealer Lawrence Salander went behind De Niro’s back to sell a collection of paintings created by the actor’s late father. De Niro lost over $1 million on the deal, but Salander’s artful scam bled other A-listers — including tennis champ John McEnroe — for $120 million total. Salander was sentenced in 2010 to six to 18 years in prison, according to The New York Times.Sidney Poitier
Unfortunately for celebrities, A-list scam artists are nothing new. Back in 1987, Charles Agee Atkins was convicted of leading Sidney Poitier, Andy Warhol and others into a bogus tax shelter scheme.At the time, the scandal was the largest tax fraud case in American history, generating more than $1 billion in fictitious losses, the Los Angeles Times reported.
Anne Hathaway
A-listers are people, too, and that means they’re vulnerable to getting hurt by those closest to them. In 2008, Anne Hathaway’s ex-boyfriend, an “entrepreneur” named Raffaello Follieri, pleaded guilty to misappropriating a minimum of $2.4 million worth of investors’ money, including funds from the “Interstellar” actress.Follieri’s racket was a particularly slimy one — he posed as a Vatican official and promised investors Italian property owned by the Roman Catholic Church. He was released from prison in 2012 after serving a 4 ½-year sentence and deported back to Italy, where he is now back to actively investing, Page Six reported.
Kiefer Sutherland
You probably don’t think of Kiefer Sutherland as a cattle salesman, but that’s exactly what the “24” star was aiming for in 2007. Turns out that the $869,000 he invested in the cattle industry directly benefited steer roper Michael Wayne Carr’s checking account instead of going toward beefy business opportunities. As California Deputy District Attorney Stephen Maier told ABC News at the time, “There was no money and no cattle.”In 2011, he was ordered to pay back nearly $1.6 million to his victims, including Sutherland, Recordnet.com reported.
Dane Cook
There’s something particularly shameful about scam artists that strike from within your own family, but it’s a situation that happens all too often in the celebrity world.Between the early and late 1990s, Dane Cook’s half-brother and sister-in-law weren’t just managing his comedy business, they were skimming a cool $12 million off the top for themselves. In 2010, CNN reported that the duplicitous duo pleaded guilty to charges, including larceny, embezzlement and forgery, before being ordered to pay the money back and getting treated to some time in prison.
Liv Tyler
It’s no secret that Liv Tyler has beautiful skin, but in 2010, the price she paid for it might not have been worth it. Alongside stars like Jennifer Aniston, Melanie Griffith and (again) Anne Hathaway, Hollywood beauty consultant Maria Gabriela Perez spent over $280,000 of money that wasn’t hers after she got a hold of her A-list clients’ credit card info, the Telegraph reported.Tyler was reportedly hit the hardest when Perez racked up $214,000 on two of her American Express cards. She pleaded guilty to access device fraud and was sentenced to house arrest and probation, the Beverly Hills Courier reported.
Tiger Woods
Tiger Woods has had his shares of scandals, but here’s one that wasn’t his fault. His story is also a good reminder that you should know the signs of identity theft.Anthony Lemar Taylor falsely obtained a driver’s license with Woods’ name, birth date and Social Security number. Then, the identity thief used it to bill a car, 70-inch TV and some stereos to the real Tiger. All told, Taylor spent $17,000 worth of Woods’ money between 1998 and 1999. In 2001, he was sentenced to 200 years in prison for the crime, the Associated Press reported.
Backstreet Boys, 'N Sync and More
It’s time for some fun facts about ’90s boy bands. Did you know that a single manager, Lou Pearlman, managed Backstreet Boys, ‘N Sync and O-Town, among others? And did you know that he was also Art Garfunkel’s cousin? More importantly, did you know that he siphoned $300 million from clients and investors in a long-running Ponzi scheme?Pearlman died in 2016 while serving a 25-year prison sentence. He earned that penance after most of the groups he managed sued him in federal court for fraud and misrepresentation, claiming that the majority of their rightful profits somehow ended up in Pearlman’s pockets, Rolling Stone reported.
Jack Nicholson
In the late ’90s, Todd Michael Volpe was known as an art dealer to the cream of Hollywood’s crop. Volpe had ambitions of breaking into the movie scene and dreamed of winning an Academy Award, but he broke into Taft Correctional Institution for a 28-month sentence instead.Clients and victims of Volpe’s famous scam, including Barbra Streisand, “Jurassic Park” producers and members of KISS, lost $1.9 million to Volpe, The New York Times reported. But Jack Nicholson was also hit hard. Of the $600,000 investment Nicholson gave to Volpe, it’s unclear how much the legendary actor lost on shady dealings.
Volpe wrote about his side of the scandal in his autobiography, “Framed: America’s Art Dealer to the Stars Tells All.”
LeAnn Rimes
By 1998, LeAnn Rimes’ “Blue” had sold 6 million copies. That same year, however, the young country star and her mother went to court to sue Wilbur C. Rimes — LeAnn’s father and former co-manager — for skimming over $7 million off her earnings, People magazine reported.The country song-worthy family drama had a fairly happy ending, though. By 2002, the legal battles were settled just before her wedding to backup dancer Dean Sheremet. Wilbur attended the ceremony and even shared a father-daughter dance with Rimes.
Courteney Cox, Ben Stiller and More
Here’s a terribly immoral but apparently effective way to make a lot of short-term money before spending the rest of your life in prison: Become a “financial advisor” to A-listers and carry out an investment scam.In a story that sounds all too familiar, Dana Giacchetto served as a stockbroker to the stars throughout the 1990s, stealing money from numerous A-list clients before serving time in prison for losing between $5 million and $10 million of his clients’ money, ABC News reported. Among those scammed were Courteney Cox, Ben Stiller and Leonardo DiCaprio.
Giacchetto was released from prison in 2003, and was trying to rebuild his life by starting a new food-based business. He died in 2016 at the age of 53, The Hollywood Reporter reported.
Billy Joel
Billy Joel’s 1989 case is more than enough to supply him with a lifetime of sad piano songs. That year, Joel filed suit against his former manager, Frank Weber, for diverting $30 million of his money. He also sued for $60 million in punitive damages, bringing the total up to $90 million.To make matters worse, Weber was also Joel’s ex-brother-in-law, a former close friend and godfather to his daughter, People magazine reported.
Noel Edmonds
English “Deal or No Deal” host Noel Edmonds might just hold the record for the single unluckiest celebrity scam victim of all time. In May 2017, Edmonds demanded 73 million pounds from Lloyds Banking Group and its HBOS Reading branch, which carried out a years-long scheme that sapped mostly small businesses of around 245 million pounds and landed six employees in jail, the Guardian reported.The scam led to the collapse of Edmonds’ own entertainment business, Unique Group, but he also claimed massive losses for potentially missed speaking fees, emotional damage and legal fees. In July 2017, Edmonds increased his compensation claim to 300 million pounds — that’s about $383 million.
Lloyds Bank said it had set aside 100 million pounds to compensate HBOS Reading victims, but the bank has yet to reach a financial agreement with Edmonds.
Barbara Corcoran
“Shark Tank” star Barbara Corcoran was thisclose to losing $388,700 in a email phishing scam. Corcoran’s bookkeeper wired the money to a scammer, thinking she was corresponding with the real estate mogul’s assistant. It wasn’t until Corcoran’s team noticed the scammer’s email had an extra “o” that they realized something was amiss — and that was after the money had already been transferred. Luckily, the funds weren’t wired directly and the transfer was halted before the scammer could get the money.Kevin Bacon, Steven Spielberg and More
Bernie Madoff wasn’t just the king of celebrity scams — his scheme was so epic The Economist called it the “con of the century.”Madoff confessed that his fraudulent deeds topped $50 billion, and clients of his money management firm admitted to exposures that accounted for at least half of that. He pulled off the biggest fraudulent scheme in American history by relying on the time-tested Ponzi structure: using money from new investors to pay off the returns he promised to existing investors.
Among the laundry list of non-celebrity victims were plenty of scammed celebrities, including Steven Spielberg, baseball player Sandy Koufax, Kevin Bacon, Kyra Sedgwick, John Malkovich and Zsa Zsa Gabor. In June 2009, Madoff was sentenced to 150 years in prison, and in November 2017, the U.S. Department of Justice announced that it was beginning to distribute funds to Madoff’s victims.
Obviously they.... weren't careful.... and again..... small amounts to see how they perform
Now that I started watching that video...... and stopped it when the solicitations and QR code was shown for a monthly subscription to the company that made that video ........ you getting kick backs from this shit?..... amazingly convenient that the BGOL example is #14 so that most will watch the whole video... 
Now that I started watching that video...... and stopped it when the solicitations and QR code was shown for a monthly subscription to the company that made that video ........ you getting kick backs from this shit?..... amazingly convenient that the BGOL example is #14 so that most will watch the whole video...
Before this new world order took over our health was our only real wealth. Anything else if borrowed including our lives. Elon Musk does not really have all that energy and so superior over the black race. Just like the president he is empowered by demons. Every president sworn into office was on hard drugs while there.
Our true wages in life have been held back by fraud and survival teachings. But for some of us any breaks we get we spend it on living better and more natural. The rest on totally separation and rebuilding the true garden of eden. Taking this earth back from these white devils before it is to late.
Our true wages in life have been held back by fraud and survival teachings. But for some of us any breaks we get we spend it on living better and more natural. The rest on totally separation and rebuilding the true garden of eden. Taking this earth back from these white devils before it is to late.
do you know how to file taxes as a millionaire?? I'll give you a hint you aint filling out a 1040EZ...
Good info for someone who doesn't know any better but if you've touched a little paper most of what's stated you already know.
Most people talk to much,brag to much and if no one knows you have money there's no reason to ask for help or anything.
Spending money on pointless vacations,big houses,clothes,cars and shit that doesn't mean shit after you buy it.
If you wasn't into business,reastate,stock market before you got money don't just jump into it now that you have money,take your time read and learn as much as you can before investing one dollar.
Most people talk to much,brag to much and if no one knows you have money there's no reason to ask for help or anything.
Spending money on pointless vacations,big houses,clothes,cars and shit that doesn't mean shit after you buy it.
If you wasn't into business,reastate,stock market before you got money don't just jump into it now that you have money,take your time read and learn as much as you can before investing one dollar.
geezus christ.................are u niggas able to spot sarcasm or do i have to put it in a subtitle or somn???
do you know how to file taxes as a millionaire?? I'll give you a hint you aint filling out a 1040EZ...
You've NEVER been rich so how would you know? What you just saide sounds like a comment from a broke man intent on going broke again after becoming rich. No offense my brother, no one knows everything..... all of the things I posted come from seeing what happened to nukkas that became rich suddenly..... and then squandered/got swindled or made unwise decisions..... the first example that I saw was Curtis Sharp SR...... google him..... he won a lottery, a kinda small one, about $5mill
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he's was just being sarcastic.... in which case he should have put aYou've NEVER been rich so how would you know? What you just saide sounds like a comment from a broke man intent on going broke again after becoming rich. No offense my brother, no one knows everything..... all of the things I posted come from seeing what happened to nukkas that became rich suddenly..... and then squandered/got swindled or made unwise decisions..... the first example that I saw was Curtis Sharp SR...... google him..... he won a lottery, a kinda small one, about $5mill
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or a 
to indicate its not serious.
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