First part of article:
It took a tragedy not far removed from Wayne Rogers to wake him up when it came to money and how to handle it. According to an interview he gave to the Financial Intelligence Report, Wayne had first met Peter Falk when the two shared a room in New York City. Falk, an accomplished film, stage and television actor, later suffered a financial trauma not uncommon to many other celebrities.
In the 1970s while both the longtime friends were living and working in Hollywood, Peter Falk became a victim of fraud. Falk lost around $250,000 to a crooked business manager and he wasn̢۪t alone. Bad investments had claimed the fortunes of many of Hollywood̢۪s Elite.
John Wayne almost went bankrupt due to bad investments. Bud Abbot of Abbot and Costello spent his last days dying of cancer and flat brok
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