Lighter wallets in Tinseltown

Apr 04, 2000 by Ian Evans

Ben Affleck, Matt Damon, Leonardo DiCaprio, Ben Stiller, Cameron Diaz: an A-list of Hollywood stars. But the stars would prefer not to be on this list.

They’re all clients of financial advisor Dana Giacchetto, who was charged with stealing at least $6 million. Giacchetto, whose Cassandra Group provided financial advice to the stars, needed funds to support his own extravagant lifestyle. Some of the stars started getting wary about his lifestyle. Hoping to have their money carefully managed by a button-down shirt kind of guy, they instead realized he loved hanging with Leo’s posse. If convicted, Giacchetto faces up to 20 years in jail and millions of dollars in fines.