Millions Reportedly Looted From Kurt Cobain Estate

Courtney Love has come to the realization that handlers of the estate of her late husband, Kurt Cobain, have allegedly lost all the money that the Nirvana frontman had left for her and their daughter Frances Bean. A team of lawyers, forensic accountants and investigators have reportedly determined that Cobain's estate has been looted of more than $30 million in cash, and up to $500 million in real estate.

"I have never seen such greed and moral turpitude. This case is going to make Bernard Madoff look warm and fuzzy," Love's lawyer, Rhonda J. Holmes, of Gordon & Holmes in San Diego, told the New York Post. "We will be filing civil cases ... within the next 30 days. There are many, many millions missing. We've only been able to track down $30 million, but there is more. And then there is the real estate."

"Courtney noticed the money was gone when there wasn't any left," says Holmes. "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."

Bank accounts established with the Social Security numbers of Cobain, Love and Frances Bean were set up and used to buy and sell real estate. "There is now a web of homes which were bought, flipped and used to launder money -- up to $500 million worth," Holmes claims. "Any of the property we can get back will be donated to people who have lost their homes in foreclosures."

"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."

Wondered why Love hasn't Twittered this yet.



Kurt Cobain Rewind

    Nirvana photographed in 1991.

    Youri Lenquette, Retna

    Kurt Cobain of Nirvana at a taping of "MTV's Live & Loud" at Pier 48 in Seattle, Washington on December 13, 1993.

    Alice , Retna

    Kurt Cobain of Nirvana backstage after a gig at the Motorsport Garage, Seattle, WA. 23 September 1990

    Ian Tilton, Retna

    Courtney Love, Frances Bean Cobain, and Kurt Cobain of Nirvana at the 1993 MTV Video Music Awards

    Jeff Kravitz, FilmMagic

    Kurt Cobain of Nirvana during the taping of MTV Unplugged at Sony Studios in New York City, 11/18/93.

    Frank Micelotta, WireImage

    Kurt Cobain of Nirvana at the 1992 MTV Video Music Awards

    Kevin Mazur, WireImage

    Kurt Cobain of Nirvana performing in a dress at Maxwell's in Hoboken, NJ on April 28, 1990.

    Steve Double, Retna

    Kurt Cobain of Nirvana during Nirvana in New York, New York, 1990

    Kevin Mazur, WireImage

    Kurt Cobain of Nirvana performing at the Plaza de Toros de Valencia in Valencia, Spain. July 2, 1992.

    Steve Double, Retna

    Kurt Cobain of Nirvana during Nirvana in New York, New York. January 1, 1990

    Kevin Mazur, WireImage

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