WTF: kurt cobain estate bankrupted in money laundering scheme

[redbull]

Kurt Cobain estate 'loses' $750m | Music | News.com.au

Kurt Cobain estate 'loses' $750m

From correspondents in New York

The Courier-Mail

Missing ... Kurt Cobain's estate has reportedly lost $750 million and the lawyers are coming for it / Reuters

Family ... Kurt Cobain's widow Courtney Love and their daughter Frances Bean, who looks just like him / AP

* $750m gone from Cobain's estate
* Fake accounts used to buy, sell property
* Homes to be donated to credit crisis victims

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.

"Any of the property we can get back will be donated to people who have lost their homes in foreclosures."

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.

"I have never seen such greed and moral turpitude. This case is going to make Bernard Madoff look warm and fuzzy," Ms Holmes said.

"We've only been able to track down $US30 million, but there is more. And then there is the real estate."

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

Kurt Cobain, the lead singer of hit nineties grunge band Nirvana, was found dead in his home in 1994.

[tcm]

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[cork_soaker]

i think i can see her hm

[Toast]

Of course Courtney lost it all.

[tcm]

The chick in the fourth pic has some of the best legs ever to walk the earth. But we better wait for Stacee's opinion on the matter to be sure.

Sorry, had to do it.

[Pizza Club]

So I knew his estate was rich, but 3/4 of a billion dollars rich?

[waltermcphilp]

Originally Posted by Pizza Club

So I knew his estate was rich, but 3/4 of a billion dollars rich?

doesn't surprise me really.

[Thaniel Buckner]

that means every american has put an average of 2 dollars into it.

totally believable.

[Thaniel Buckner]

Originally Posted by tcm

The chick in the fourth pic has some of the best legs ever to walk the earth. But we better wait for Stacee's opinion on the matter to be sure.

Sorry, had to do it.

best legs for what.

[Brute Squad]

we need another myth help thread

[Nimrod's Son]

Originally Posted by Thaniel Buckner

that means every american has put an average of 2 dollars into it.

totally believable.

it's paper assets.

you know when the government busts a guy with a few pounds of weed and they say it has a "street value" of 10 billion dollars because they break it down into individual nickel bags and then estimate those at the highest value for which they sell?

same idea.

[Floppy Nono]

with the lights on boxset is imminent

[reprise85]

floppy, it's tme for a new avatar buddy

[ATS]

Originally Posted by tcm

http://www.4muller.com/files/tempcarwash2007af26af.jpg
http://www.4muller.com/files/tempcarwash2007af27.jpg
http://www.4muller.com/files/tempcarwash2007af34af.jpg
http://www.4muller.com/files/tempcarwash2007af10af.jpg
http://www.4muller.com/files/tempcarwash2007af50.jpg
http://www.4muller.com/files/tempcarwash2007af52.jpg

[ATS]

Originally Posted by redbull

Kurt Cobain estate 'loses' $750m | Music | News.com.au

Kurt Cobain estate 'loses' $750m

From correspondents in New York

The Courier-Mail

Missing ... Kurt Cobain's estate has reportedly lost $750 million and the lawyers are coming for it / Reuters

Family ... Kurt Cobain's widow Courtney Love and their daughter Frances Bean, who looks just like him / AP

* $750m gone from Cobain's estate
* Fake accounts used to buy, sell property
* Homes to be donated to credit crisis victims

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.

"Any of the property we can get back will be donated to people who have lost their homes in foreclosures."

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.

"I have never seen such greed and moral turpitude. This case is going to make Bernard Madoff look warm and fuzzy," Ms Holmes said.

"We've only been able to track down $US30 million, but there is more. And then there is the real estate."

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

Kurt Cobain, the lead singer of hit nineties grunge band Nirvana, was found dead in his home in 1994.

Billy Corgan buys a piece of the Gold Coast

From the Chicago Tribune:

Billy Corgan buys a piece of the Gold Coast

Ten months after shbnmelling his Victorian painted lady mansion in Lake View for $1 million, former Smashing Pumpkins lead singer and chief songwriter Billy Corgan has paid $2.95 million for a recently renovated, historic six-room condominium on the Gold Coast.

After disbanding the Smashing Pumpkins, Corgan formed a new group, Zwan, which is playing three sold-out shows at the Double Door this weekend.

Through his tour manager, Corgan declined to comment on the purchase of the two-bedroom condo. His tour manager confirmed that the singer-songwriter recently has been staying at the condo while rehearsing for Zwan's current tour, but said the Chicago-area native ultimately intends to lease the condo in a 110-year-old building to someone else. The unit has an oak-paneled living room, reception room, balcony framed by granite columns, four fireplaces, walnut parquet floors and a large terrace.

Corgan has shown an affinity for vintage properties. After moving out of the more than 100-year-old Lake View home at 3448 N. Greenview Ave., which he owned from 1993 to 2001, Corgan temporarily stayed in a penthouse in the Haberdasher Square loft development, 728 W. Jackson Blvd., a former manufacturing building that dates to 1926. And in 2000, the Landmarks Preservation Council of Illinois awarded Corgan its President's Award for his commitment to historic preservation.

Since Corgan sold his Lake View home, one Smashing Pumpkins Web site reported that he has been living in Italy, but in interviews he has declined any comment on his permanent residence.

Singer Courtney Love, whom Corgan dated many years ago, just sold her loft in downtown Manhattan for $3 million after buying it for $2.6 million in January 2001, according to the New York Post. The loft is in the same building where rocker Lenny Kravitz just listed his own, five-bedroom, 7,000-square-foot, multilevel loft for $16 million, after buying the space unfinished in October 2000 for $8 million, the Post reported.

Love also recently listed her almost 3,700-square-foot Spanish-style house on Los Angeles' Westside -- which she bought last June for $3 million -- for about the same price, according to the Los Angeles Times. Love reportedly is looking for another house in the area because her five-bedroom house, which was built in the 1920s, is too small.

Ironically, Love told the Times last year that she sold a four-bedroom, 4,700-square-foot French country-style house on almost 2 acres in the Hollywood Hills -- which she had purchased from Ellen DeGeneres in 1997 for about $3 million -- because she was planning to spend more time in New York and actually wanted something smaller in L.A. She sold the Hollywood Hills home for $3.995 million in March 2001 to British businessman Mike Walley. Love's former Hollywood Hills house made the news in November 2001, after Paul McCartney's fellow Beatle George Harrison died. After Harrison's representatives gave a bogus L.A. address on his death certificate, the county's district attorney revealed in February that Harrison actually had died at Walley's house.

Rocker Tom Petty has paid close to $2.5 million for a three-bedroom oceanfront home in Malibu, Calif., according to the Los Angeles Times. Built in 1974, the house has three fireplaces, Malibu tiles and a courtyard with a fountain, the paper reported ... Fred Durst, frontman for the rock group Limp Bizkit, has sold a house he never moved into in Bel Air, Calif., for $3.7 million because it had "vibes that were not quite correct for him," according to the Los Angeles Times. Last fall, Durst bought the four-bedroom, 6,600-square-foot house, which was once owned by the Doors' Robbie Krieger and has a carving of the Doors playing on one wall, for just under $4 million, the paper reported. Durst recently bought a house with a sound studio in L.A.'s Hollywood Hills, and has listed that home for $1.4 million, the Times reported.
Billy Corgan buys a piece of the Gold Coast

[tcm]

Originally Posted by Thaniel Buckner

best legs for what.

What?

[Elvis The Fat Years]

exactly.

[barden]

Originally Posted by Nimrod's Son

it's paper assets.

you know when the government busts a guy with a few pounds of weed and they say it has a "street value" of 10 billion dollars because they break it down into individual nickel bags and then estimate those at the highest value for which they sell?

same idea.

lol.
hows this guy.