An alleged money laundering scam has stripped Courtney Love of all the money left to her after Kurt Cobain’s death. The New York Post reported last night that more than $30 million cash and up to $500 million in real estate has disappeared from the Cobain estate.

Back accounts bearing the social security numbers of Cobain, Love and their daughter Frances Bean were reportedly used to buy and sell real estate throughout America. “There is now a web of homes which were bought, flipped and used to launder money – up to $500 million worth,” Love’s lawyer Rhonda J. Holmes told media. “Any of the property we can get back will be donated to people who have lost their homes in foreclosures.”

“I have never seen such greed and moral turpitude,” she added. “This case is going to make Bernard Madoff [the New York banker embroiled in a $75bn trading fraud last year] look warm and fuzzy.”