Leo's Money Guy: Payback Time

Dana Giacchetto | Music

Leo's Money Guy: Payback Time

Thanks to TheSmokingGun.com for picking up the latest info on Dana Giacchetto, former money manager to the stars.

Giacchetto's bankruptcy receiver has continued to collect money from the big stars who were Dana's clients and got money from him at the expense of some less well known clients. This is interesting because in most cases, these people were actually Giacchetto's victims. They had no idea he was moving money around from one account to another. But their seeming "profit" has to be returned no matter what.

But not only celebrities have to pony up. Giacchetto's New York cop-pal Steve Stanulis, who received $8,000 for doing "security" work, had to give back his funds.

Others, including Cameron Diaz, agent Richard Lovett, Alanis Morrisette, Leonardo DiCaprio's dad, George, and composer Philip Glass all paid back at least 50 percent of what Giacchetto gifted them with. They collected money will be used to pay back Giacchetto's many creditors in his bankruptcy.

But some of the celebs are fighting the issue and have not responded to the bankruptcy receiver's litigation efforts. They include Tobey Maguire, Courteney Cox, Ben Stiller, Jon Favreau, Jesse Dylan, Chateau Marmont owner Andre Balazs and his wife Katie Ford, owner of Ford Models, and ABC-TV reporter Chris Cuomo, who was Giacchetto-s attorney during his crazy run.

Also refusing to cooperate is former uber-agent Michael Ovitz. I've got to say, I don't blame him. Ovitz is probably so incensed at even the sound of Giacchetto's name, I'm sure he's told his lawyers to never give in.

Giacchetto, as I reported here some time ago, is not still in a halfway house but is under "house arrest" at home for 10 more days. At that time he'll have his ankle bracelet removed and then will be free to proceed into the world with new schemes and plans. Watch out.

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Legendary R&B artist Sam Moore is on tour in Europe for the next two weeks. He plays London's Jazz Café in Camden Town on July 25, which is sure to be a sell-out. Moore returns to the States on August 2 with a rousing show at the state-of-the-art theatre at Mohegan Sun in Connecticut.

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