When you’re a rock star, life can be very busy…there are songs to write, rehearsals to attend, albums to record, promotional appearances to make, interviews to be conducted, and tours to organize and execute…there’s often not a lot of free time. Maybe you live in a large house or an estate… you might have multiple pied-de-terres around the planet: a home base, a vacation spot or two, and some condos in New York, or London, or Paris. As a rock star, you’re often away your home (or homes) for long stretches of time…someone has to look after those properties, whether you’re there or not. Maybe you’ve been a musician, an artist for such a long time you’ve never had to worry about the things that take up a civilian’s day…do your laundry, walk your dogs, go grocery shopping, take care of the lawn, and all that regular daily stuff. And, of course, you need someone to make sure all the bills get paid…someone has to chase down all outstanding invoices…and because there’s so much money involved in your career coming from multiple streams, you need someone to manage your cash, your bank accounts, and your investments…that means lawyers and accountants and financial advisors. Just so you can be you, a rock star needs an army of employees and contractors so that everything that needs to be done, gets done…you’re far too busy and the business is far too complex for you to handle that part of life on your own. And finding the right people is essential…you need to trust these people to deal with the most important aspects of your career, your family, your life, your possessions, and you’re financial security. But as with all things human, there are those who can’t be trusted…they see all these nice things, maybe have access to cash and assets—and they just can’t help themselves…fingers get sticky…and you don’t know that until it’s way too late. I’m Alan Cross and this is episode 23 of “Crime and Mayhem in the Music Industry”…this time, it’s a warning to beware the help…these are people trusted by rock stars but instead ended up ripping them off…and boy, do I have some cautionary tales for you. Learn more about your ad choices. Visit megaphone.fm/adchoices
