Date: 8th February 2001
Former Hollywood money manager Dana Giacchetto, whose clients once included actors Matt Damon, Ben Affleck, Cameron Diaz and Leonardo DiCaprio and the rock groups Phish and R.E.M., was sentenced to 57 months in prison Wednesday following his conviction on charges of diverting millions of dollars from his clients' accounts into his Cassandra Group and using some of the funds to pursue a jet-set lifestyle. He was also ordered to repay nearly $10 million to creditors, clients and banks. As reported by Fox.com's Roger Friedman
Source: Studio Briefing
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