Thursday, April 9, 2009

Courtney Love is upset

Posted By on Thu, Apr 9, 2009 at 1:47 PM

15 years ago yesterday, Kurt Cobain was found dead in his Seattle home. Ironically, in today's news, Courtney Love - who was married to Cobain and who has been targeted by some folks at possibly having something to do with his death - is claiming that she has lost millions of dollars, left to her by the late Nirvana front man. Read more in The Guardian article below.

Courtney Love is claiming that the money she inherited from her late husband Kurt Cobain after his death in 1994 has been stolen. According to Love's lawyer, Rhonda J Holmes, as much as $530m (£360m) may have been looted by unscrupulous investors acting on the singer's behalf.

"I have never seen such greed and moral turpitude. This case is going to make Bernard Madoff look warm and fuzzy," Holmes told the New York Post. "We will be filing civil cases ... within the next 30 days. There are many, many millions missing. We've only been able to track down $30m, but there is more."

Holmes suggested that Love had been taken advantage of during a period of her life when she was unable to take care of her own finances. "It's no secret she struggled with substance-abuse issues, but in the last year she's taken a more serious approach to sobriety and started noticing things were wrong."

Love has had a turbulent career since Cobain's suicide; as well as enjoying success as an actress and musician, she has struggled with substance abuse problems.

Despite Love's erratic career, her financial future had always seemed assured thanks to her husband's legacy. It was reported in 2006 that Love had sold her share of the Nirvana recordings for an estimated $50m.

According to her lawyer, Love only became aware there was a financial issue when she "noticed the money was gone ... there wasn't any left". A team of private investigators, accountants and lawyers are now in the process of trying to recover Love's assets.

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