Kenneth Starr, a former financial advisor for photographer Annie Leibovitz and other celebrities, has been arrested for embezzling $30 million of his clients’ money.
Starr, who was placed in charge of Leibovitz’s financial assets and income, is accused of diverting money to pay for personal expenses, such as a $32,000 wedding band and a condominium worth $7.5 million...

Photographer Annie Leibovitz has been liberated once again from an impending loss of her collection of images and real estate assets after securing a new deal with Colony Capital LLC, a private real estate investment and advisory firm.

Under the new agreement, which was signed in April, Colony is now the sole creditor of Leibovitz's assets. Additionally, Colony has repaid Leibovitz's outstanding loan of $24 million from the New York-based Art Capital Group, which the photographer failed to pay in September 2009.

Although Leibovitz will retain control of the rights to her collection of more than 100,000 images, Colony will now help her balance her debts through traveling exhibitions of her prints and books, as well as other methods of revenue generation. This is Colony's second celebrity client. In May 2008, Colony purchased a loan with a face value of about $23.5 million on Michael Jackson's Neverland Ranch.

For now, it seems, photographer Annie Leibovitz has won some reprieve from her financial woes.

Her most recent monetary debacle began in December 2008, when Leibovitz took out a $24 million loan from Art Capital Group (ACG), putting up her photo archives, her studio and her two homes in New York as collateral, to help her pay for vendor lawsuits against her for more than $700,000 in unpaid bills. At the same time, Leibovitz signed ACG, which specializes in artist loans, as her exclusive agent through 2011...

Annie Leibovitz has come under attack recently for a photo she took of Miley Cyrus, the 15-year-old Disney Channel star of "Hannah Montana."

The image, created for Vanity Fair, reveals a topless Cyrus clinging to a satin sheet with her back toward the camera. The Disney Channel commented that "a situation was created to deliberately manipulate a 15-year-old in order to sell magazines."

Cyrus, also the daughter of country singer Billy Ray Cyrus, apologized to her fans and said she was "embarrassed" by the photos.

Leibovitz issued a personal statement on April 28, saying, "I'm sorry that my portrait of Miley...