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Ex-money manager to stars is arrested again in NY

Thursday - 2/20/2014, 2:08pm  ET

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.


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