Ex-money manager to stars is arrested again in NYFebruary 20, 2014 @ 10:06 am
NEW YORK (AP) - 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 $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 $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 $10 million of his Hollywood clients' funds on a lavish, drug-abusing lifestyle. He received a nearly five-year prison term.
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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