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Friday, August 18, 2006

Swindler to the stars hiding big bucks?


Disgraced former investment adviser Dana Giacchetto, who was released from prison in 2003 after having been convicted of swindling former clients like Leonardo DiCaprio, Matt Damon and Cameron Diaz out of millions, is now accused of concealing assets from his creditors:

Claiming that disgraced investment-adviser-to-the-stars Dana Giacchetto is up to his old fraudulent tricks, a court-appointed trustee has sued the convicted felon for allegedly trying to conceal from creditors his share of a six-figure book deal. In an August 14 complaint, bankruptcy trustee Robert Geltzer charges that Giacchetto set up a company through which he improperly sold rights to his life story (and access to his papers) to author Emily White. In turn, White signed a $150,000 contract with Simon & Schuster for a "fascinating and intimate portrait" of Giacchetto's rise and fall as a money manager for the likes of ex-pal Leonardo DiCaprio and Cameron Diaz.

http://www.thesmokinggun.com/archive/0816063danag1.html

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