Duped Diaz and Others in Big Payback
Cameron Diaz, Alanis Morissette, Leonardo DiCaprio's father, George, and other one-time celebrity clients of convicted Wall Street fund manager Dana Giacchetto have agreed to repay the money he illegally diverted to them during his shady business deals, the Smoking Gun Web site reports.
The "Charlie's Angel" star, 30, has repaid $100,000. Others ponying up after their (unknowingly) ill-gotten gains include Creative Artists Agency president Richard Lovett, who returned $75,000; Tim Roth, $60,000; screenwriter Richard LaGravenese, $90,000; Morissette, $1,800; DiCaprio's dad, $2,000; and composer Philip Glass $2,500.
The Web site also reports that some big bills still remain unpaid, including those allegedly belonging to Tobey Maguire, for $350,000; Courteney Cox, for $228,727; Ben Stiller, for $96,094; Jon Favreau, for $19,027; Dan Cortese, for $53,125; and Steven Van Zandt, for $150,000. The New York Post reports that Stiller is suing not to repay the sum.
In 2001, amid a flurry of press coverage given the celebrity status of his clients and the drug-fueled hubris of his criminal lifestyle, Giacchetto, 40, was convicted of improperly diverting funds to his Hollywood pals from the accounts of his non-star clients, claiming they represented investment gains.
Giacchetto pleaded guilty to federal fraud charges accusing him of squandering nearly $10 million. He was sentenced to four years and nine months in prison. Earlier this year he entered a Bronx halfway house and is now scheduled to leave there on July 28.
The Smoking Gun, publishing documents from the Manhattan Bankruptcy Court, reports that "fraudulent conveyance" lawsuits were filed last year by the court-appointed trustee handling the bankruptcy of Giacchetto's former firm, the Cassandra Group. Diaz and the others recently agreed to return funds that will be used to repay Cassandra's creditors, say the documents.