Dana Giacchetto rose to prominence as an investment advisor and social fixture in Manhattan during the nineties.

Some of his clients included Leonardo DiCaprio, Cameron Diaz, Matt Damon, and so on. ^[undefined]

His career went on a downward spiral when he was arrested for misappropriating between $5 million and $10 million of clients' funds.

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Conviction

In 2000, Dana Giacchetto was sentenced to 57 months in prison for securities fraud after stealing between $5 and $10 million from clients at his company Cassandra Group.

Giachetto had stolen money from accounts of non-celebrity clients to finance a high-flying lifestyle and give extraordinary returns or mask losses to star clients.

He was released in 2003.

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Death

Giacchetto, notorious both before and after his infamy for partying hard, was discovered by his roommate in his Upper East Side apartment following a bender that included a drunken scuffle with security guards at a Lower East Side club on Friday night.

He was pronounced dead early Sunday, a New York Police Dept. official confirmed.

Giacchetto was 53.

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