Courtney Love came to long enough recently to realize that the massive estate left to her by late husband Kurt Cobain had been pretty much milked dry. Too bad no one Twittered or wrote a MySpace blog about it, maybe then she would've noticed.
We're just as hesitant to admit to reading The New York Post as the next guy, but we'll definitely let The Daily Swarm do it for us. The Post's Page Six reported that a team of investigators found that Cobain's estate had been "looted" of more than $30 million in cash and up to $500 million in real estate.
Love's lawyer, Rhond J. Holmes, said civil cases will be filed within the next 30 days. About $30 million of the missing money has been tracked, but Holmes said there is still more missing in addition to the real estate.
According to Holmes, bank accounts using Cobain, Love and Frances Bean's Social Security numbers were set up and used to buy and sell real estate across the US.
"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."
Asked how this could have happened, Holmes said, "Courtney noticed the money was gone when there wasn't any left. It's no secret she struggled with substance-abuse issues, but in the last year she's taken a more serious approach to sobriety and started noticing things were wrong. She hired private investigators, accountants and me.
"We are also working with local and federal authorities," Holmes said. "When Mr. Cobain died in 1994, he left his enormously wealthy estate behind for the benefit of his mother, two sisters, a brother, his wife and young daughter. Many of those [involved with] the estate's coffers mismanaged, stole and outright looted it shamelessly."