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Kathy Ireland Lawsuit: Managers Allegedly Stole Millions
11 Mar
Summary
- Supermodel Kathy Ireland sued former managers for allegedly stealing millions.
- Ireland claims betrayal occurred on a staggering and unconscionable scale.
- Her faith in God remains strong despite the alleged financial deception.
Supermodel Kathy Ireland, once estimated to be worth $420 million, has accused her former business managers of betraying her trust and pilfering millions from her family. In a lawsuit filed Tuesday in Santa Barbara court, Ireland, 62, claims Jason Winters and Erik Sterling orchestrated a deceptive scheme.
According to the suit, Winters and Sterling promised to manage Ireland's finances more than three decades ago. However, Ireland alleges they instead engaged in misconduct, including misuse of credit, secret loans, and missing funds. This allegedly left her and husband Greg Olsen in substantial debt and without promised retirement accounts or investments.
Ireland believes the damages could exceed $100 million. Also named in the suit are former Kathy Ireland Worldwide employees Stephen Roseberry, Jon Carasco, Nic Mendoza, and Brittany Duncan. Despite the alleged financial devastation, Ireland's attorney, Jill Basinger, stated that Ireland's faith in God remains strong and unshakeable.
