whats happened to leonard cohen's millions?

Answer 1

Cohen has very idyllic beliefs and placed too much trust in his one-time lover, Kelley Lynch.

from the article below:
"His first choice of action when he learned his money was gone, he says, was to not do anything. Aware of how painful litigation could be, he says he wanted no part of it. "I said, 'I can walk away with nothing.' I said, 'Let me start again. Let me start fresh at 70. I can cobble together a little nest egg again.' " But he ran into a glaring, immediate problem: had he done nothing, he would have legally been responsible for the funds that had gone missing. And on that money, he'd owe millions in taxes, a sum he no longer had."

For the sordid details: http://www.macleans.ca/topstories/finance/article.jsp?content=20050822_110877_110877