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June 27, 2017

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Former money manager for stars arrested in NY

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.

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