Could things get any worse for Annie Leibovitz? Her money manager was just arrested and charged with running a Ponzi scheme:

The criminal complaint said that since at least January 2008 through April 2010, “Starr marketed his services as an accountant and financial adviser to clients, gained control over millions of dollars belonging to his clients, and then misappropriated millions of dollars of his clients’ assets for his own personal use, including to purchase himself a new, multimillion-dollar residence” worth $7.5 million.

Starr, whose client list includes Scorcese, Thurman and celebrity photographer Annie Leibowitz, according to NBC News in New York, was expected to make an initial appearance in court later on Thursday on charges of wire fraud, investment adviser fraud and money laundering.

U.S. Charges Financial Adviser to Stars With Fraud (ABC News)