LA Businessman Convicted of $20M Scam: How He Duped Investors and Hollywood A-Listers
2025-04-05
Yahoo Finance
In a shocking turn of events, Bernhard Eugen Fritsch, founder and CEO of StarClub Inc., has been found guilty of orchestrating an elaborate scam that swindled investors and Hollywood stars out of over $20 million. The elaborate fraud fueled his extravagant lifestyle, complete with luxury goods and high-end experiences. With the verdict, Fritsch's financial empire has come crashing down, leaving many to wonder how he managed to deceive so many. The case highlights the importance of due diligence in investment opportunities and the dangers of white-collar crime, including financial fraud and investment scams.
