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Courtney Love to sue Kurt Cobain estate looters

7

April

Everyone knows that Courtney Love fell into a downward spiral after Kurt Cobain shot himself in 1994, but what you may not have known was that he left a sizable estate to her and daughter Frances Bean, among other family members. Problem is, all that money's gone -- and it's not Love's fault.

Tbd-courtneylove040809 The New York Post's Page Six says a team of investigators, accountants and lawyers have found that $30 million of Kurt's cash and as much as $500 million in real estate is caught up in a staggering fraud case.

"I have never seen such greed and moral turpitude. This case is going to make Bernard Madoff look warm and fuzzy," lawyer Rhonda J. Holmes, of Gordon & Holmes in San Diego, told the 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 $30 million, but there is more. And then there is the real estate."

It seems bank accounts were set up using Cobain's, Courtney's and France Bean's Social Security numbers, and those accounts were used to buy and sell real estate across the country.

"There is now a web of homes which were bought, flipped and used to launder money -- up to $500 million worth," Holmes said. "Any of the property we can get back will be donated to people who have lost their homes in foreclosures."

And when did all of this come to Love's attention, prompting her to hire investigators?

"Courtney noticed the money was gone when there wasn't any left," Holmes said. Pssht .. and they say Love is blind.

[Photo: Getty Images]

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[Last modified: Tuesday, May 25, 2010 10:31am]

    

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