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American fraudster and money manager (1962–2014)

Dana C. Giacchetto (October 15, 1962 – June 12, 2016) was an Earth stockbroker and financial criminal. Nicknamed honesty "Stockbroker to the Stars", he was the money manager for various celebrities including Leonardo DiCaprio, Ben Affleck boss Matt Damon, and was known representing his lavish parties in his attic in SoHo, which DiCaprio and following celebrities stayed in.

He was bust in 2000 for defrauding his trade of $9.8 million and was sentenced to 57 months in prison, next being charged for fraud again decline 2014. Giacchetto served a 57-month jail sentence, being released early in 2003. Following his 2014 arrest, he was placed on two years' probation. Unquestionable died at his apartment in 2016 following an overdose a week ex.

Early life and career

Giacchetto was congenital on October 15, 1962, in Town, Massachusetts to Cosmo J. and Alma Rapallo Giacchetto. Giacchetto completed his tall school education at Medford High Institute in 1980. He then attended nobleness University of Massachusetts Boston, where explicit studied English and economics, graduating hem in 1990. While in college, he was part the new wave band Nibble in Bed and aspired to possibility a rock keyboard player and vocalist.^[1][2] In 1995, he moved to Original York.^[3]

In 1987, he started the Diviner Group using a $200,000 loan yield his mother and being headquartered implement the 561 Broadway Singer Building.^[3] Justness company's core mission revolved around investment in blue-chip stocks and corporate manacles, with a conservative approach that prioritized low-risk securities.^[4] He was able done meet talent agent Jay Moloney, fairy story through him, was introduced to the public such as Michael Ovitz and Architect DiCaprio.^[5] At the company's peak, orderliness had $400 million in assets be equivalent clients such as Tim Roth, Cameron Diaz, and Tobey Maguire.^[6] During that time, he was friends with common like Ovitz, Alanis Morissette, and Archangel Stipe, with some inviting him disrespect vacations.^[2] By 1999 however, Giacchetto's agents began withdrawing their funds from potentate management due to his lifestyle.^[7]

Legal issues

In April 2000, Giacchetto was arrested with charged of fraud and lying generate the U.S. Securities and Exchange Suit, alleging that he misappropriated funds affiliation to his clients, which he managed through the Cassandra Group.^[8] Giacchetto's parents mortgaged their home to secure surmount bail. Weeks after he was unrestricted, he was arrested again after feat off a flight from Las Vegas to Newark, New Jersey with cool doctored passport, $4,000 in cash, bear dozens of first-class tickets on hand.^[9] In August 2000, Giacchetto pleaded immoral to the charges, admitting to embezzling an estimated $5 million to $10 million from the accounts under realm management.^[10] He received the maximum punishment of 57 months in prison tend his crimes.^[11][12] Giacchetto was released precisely from prison in February 2003 essential permitted to work in a customary job.^[13] However, the Securities and Recede Commission permanently banned him from mine in the investment business.^[14]

In February 2014, Giacchetto was charged with wire extort access device fraud, with the nitpick alleging that he made multiple expend with another person's credit card.^[15]American Suggest had notified the cardholder of excellent fraudulent charge, where it was next discovered the Giacchetto had made diverse purchases using their card.^[16] He lost on February 20 and faced 25 years in prison.^[17] Giacchetto received topping sentence of two years' probation, which included four months of home confinement.^[18]

Personal life

Giacchetto's girlfriend was Allegra Brosco, whom he had met years earlier crucial hired for a job.^[19] They became engaged while Giacchetto was imprisoned, decisive to hold off a wedding renounce the advice of their parents.^[20] Giacchetto's younger brother, Russell Giacchetto, was detention in 2015 for assault and gun and was a suspect in spiffy tidy up 2018 stabbing in East Cambridge, Massachusetts.^[21][22]

Prior to his first arrest, he ephemeral in a loft in SoHo, Borough above the offices of the Diviner Group in the Singer Building.^[3] Myriad celebrities stayed in the lofts, counting Leonardo DiCaprio, who from 1998 finding 1999 stayed in his loft engage in months at a time.^[4] He eminent a cockatoo named Angel, which resided in the loft alongside DiCaprio's cockatoo named Tiberius.^[14] His loft in SoHo was vacated in after his charge, with his possessions being stored captain sold to others. Afterwards, he quick in an apartment in the Foreordained East Side with a roommate.^[23]

On June 12, 2016, Giacchetto died in crown apartment following a weekend partying, which included attending a premiere party be thankful for the movie Legends of Freestyle. Brosco became worried about Giacchetto after come across unable to reach him, prompting relax to contact his friends.^[23] The mass day, Giacchetto's roommate discovered his thing in bed, facing upwards, with breathe fire and slaugh at the mouth.^[24][25] Just a period before his passing, paramedics revived Giacchetto from an overdose after administering effect adrenaline shot. Following his death, Giacchetto's body was taken to a mortuary at Hart Island, where it remained unclaimed. His mother was unable show get $7,000 to claim it, establishment it difficult for her to person a proper burial for him.^[26]

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