Friday 24 November 2017

Betrayal of trust a familiar tune within music industry

Breda Heffernan

Breda Heffernan

CAROL Hawkins's theft from Adam Clayton is not the first time the tightly knit group -- and others in the music industry -- have seen their trust betrayed.

Since their earliest days, U2 have surrounded themselves with a coterie of close friends and employees. Paul McGuinness has managed them for more than 30 years.

On the road for months on end, they cannot keep tabs on every aspect of the mammoth U2 machine -- or what their housekeeper back home is getting up to.

As a result U2, like other music stars, have sometimes found themselves burnt by those they trusted.

Mr McGuinness branded former band stylist Lola Cashman a "traitor" and slammed her as "utterly disloyal" after she attempted to auction a stetson hat worn by Bono during the 'Joshua Tree' tour, along with other memorabilia.

Speaking in the High Court, Bono said Ms Cashman "took advantage of the intimacy she had with the band for remuneration" after she tried to offer the items for auction and that he was annoyed when she penned a tell-all book about her time with the band on the 1987 tour.

The court ruled in the band's favour and Ms Cashman was ordered to return the items.

Country duo Foster and Allen also found themselves out of pocket after they were hit with a tax bill of €6m last year. They said they had each paid barrister Patrick Russell -- who has since been struck off -- €50,000 to settle in full their tax liabilities and that he had supplied them with a letter from Revenue, saying their tax affairs were in order.

However, the singers claim the money was never paid to the taxman and that they were the victims of fraud.

In 2005, Leonard Cohen sued his business manager Kelley Lynch, claiming she stole millions from his personal accounts and left him virtually penniless.

A court ordered her to repay him $9.5m (€7.7m).

Other celebrities who have fallen out with advisers over finances include pop star Rhianna, who is suing her former accountants in New York, blaming them for tens of millions of dollars in losses from her tours.

Irish Independent

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