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Accused Ponzi Schemer Starr May Get High-Profile Lawyer

Famed defense attorney Eddie Hayes may represent investment adviser and accused Ponzi schemer Ken Starr.

Asked by CNBC if he would defend Starr, Hayes responded said: "The question is not if I will represent him, but will the court allow him to pay me."

Payment becomes an issue because much of Starr's finances are frozen by the court overseeing the case. Earlier Tuesday, U.S. District Court Judge Sidney Stein approved a monitor to oversee a number of issues, including approval of Starr's expenses.

A separate hearing will be held tomorrow morning on the issue of Starr's defense counsel, since the prior counsel had to recuse himself from the case.

Hayes has represented the estate of Andy Warhol and John Gotti.