Rocker Courtney Love Owes Millions – Report
LOS ANGELES (Reuters) – Add financial woes to the long list of worries bedeviling rock star Courtney Love.
The trouble-prone musician claims in the upcoming issue of Blender magazine that she has been swindled out of $40 million, while a former business associate says she is in debt to the tune of at least $4 million.
Love, the 39-year-old widow of late Nirvana frontman Kurt Cobain, is already dealing with a stack of legal and health concerns, and her music career suffered a recent blow when her long awaited debut solo album bombed.
“I’m covered with loser dust,” she was quoted as telling Blender, whose May issue featuring the Love cover story will hit newsstands on April 20.
Love told Blender that “… $40 million has been stolen from me and (11-year-old daughter) Frances by a fiduciary institution.”
She added, “I found out that our dog walker was making $100,000. One person put a BMW on my credit card. My daughter’s trust fund has been stolen from to the point where she may have, like, nothing. I can’t let this happen to Frances.”
Blender said “multiple parties close to Love agree that a large sum of money is unaccounted for,” while a former business associate who had access to her accounts in the past six months told Blender she is at least “… $4 million in debt.”
Love faces two separate trials in Los Angeles, one for misdemeanor disorderly conduct and being under the influence of a controlled substance, and the other for two felony counts of unlawful drug possession. She also temporarily lost custody of Frances, her only child with Cobain, who shot himself in the head 10 years ago.
Love’s album “America’s Sweetheart,” released by EMI GroupPlc’s Virgin Records unit, spent just four weeks on the Billboard Top 200 chart.
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