Former money manager for stars arrested in NY
February 22, 2014, 12:03 am TWN
NEW YORK -- A former money manager to celebrities including Leonardo DiCaprio and Ben Affleck has been arrested again on fraud charges.
It's been more than a decade since Dana Giacchetto was convicted of bilking his Hollywood clients.
He was released on US$150,000 bail Thursday after appearing in federal court in Manhattan.
A criminal complaint accuses him of using someone else's credit card to make purchases of more than US$10,000 a year ago in New York. Giacchetto's lawyer said his client denies the charges.
The complaint says Giacchetto is now the owner of a gourmet canned food company called “Taste.”
In the earlier case, Giacchetto pleaded guilty to charges that he squandered nearly US$10 million of his Hollywood clients' funds on a lavish, drug-abusing lifestyle. He received a nearly five-year prison term.