Ex-money manager to stars is arrested again in NY

NEW YORK

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.

Take ABC13 with you!
Download our free apps for iPhone, iPad and Android devices

Copyright © 2024 KTRK-TV. All Rights Reserved.