Courtney Love Says She Has Lost Millions

by Deidre Woollard (RSS feed)
Apr 8th 2009 at 7:01PM

It's been 15 years since Kurt Cobain died and now his widow, Courtney Love, is saying a whole lot of money has gone missing from his estate. Love says that Cobain's estate which was left to her and their daughter, Frances Bean Cobain has been "looted" by some of the people handling her money. Love's team of lawyers says that more than $30 million is missing and as much as $500 million worth of real estate was bought and sold using Cobain's, Love's and their daughter's Social Security numbers. Love's lawyer, Rhonda J. Holmes, of Gordon & Holmes in San Diego, is quoted in Page Six as saying that the case " is going to make Bernard Madoff look warm and fuzzy."

Why did it take Courtney Love so long to realize something was wrong? Her lawyer says that Love's substance abuse issues were a factor and that Love didn't realize that there was a problem until there wasn't any money left. Love's lawyer has promised that any real estate they can uncover and get back will be donated to people who have lost their homes in foreclosures. Love's lawyer also describes her as "pretty frugal."

This isn't the first time Courtney Love has accused people of stealing her money although this may be the grandest example. Last year she took musician Ryan Adams to task on MySpace over money she said he owed her. And check out this article from 2004 when Love said that her daughter's trust fund was basically gone due to estate mismanagement. Whatever is going on with Courtney Love's money certainly has been happening for a while.

Tags: courtney love, CourtneyLove, money