Leonardo DiCaprio's Convicted Ex-Money Manager Denies Link to Bryan Singer Case

Wesley Mann
Dana Giacchetto

Dana Giacchetto, who went to prison for defrauding stars like DiCaprio and Tobey Maguire, tells THR that any suggestion he's connected to the current sex-abuse allegations involving "X-Men's" Bryan Singer are false.

Dana Giacchetto, former friend and investment adviser to Leonardo DiCaprio, strongly denies that he is involved in the Hollywood sex-abuse case currently swirling around Bryan Singer and three other industry insiders, as implied by Roger Friedman's April 18 column on Showbiz 411, "Allegations Against X-Men Director Bryan Singer Connect Back to Long Ago DiCaprio Pal Dana Giacchetto." (Through his attorney, Singer denies the allegations made by Michael Egan and says he has proof he was not in Hawaii in 1999 when the alleged sexual abuse is supposed to have occurred.)

"I had sex with everyone on the planet, which was a blast, and did tons of drugs, as everyone knows," says Giacchetto, profiled in the May 2 edition of THR. Giacchetto's parties in his New York loft — some in 1999, the same year as the alleged incident in Hawaii in the Singer case — were legendarily raucous affairs that sometimes included "weird sex scenes," according to several sources. Giacchetto says some of his parties featured "A-list escorts whose greatest quality was utter discretion," including "an amazing woman" who charged $5,000 for sex.

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Other guests at Giacchetto's celebrity-studded bacchanals recall the astounding guest lists. Paper magazine's David Hershkovits, who attended Giacchetto's 1998 Titanic Oscar party with DiCaprio, writes on his blog, "There I was watching with the rest of them, chatting with Kate Moss, who passed me the champagne bottle she was chugging."

Giacchetto says he knows nothing of the people involved in the allegations against Singer. "I don't even know who those people are," Giacchetto tells THR. "And they don't know who I am, I'm sure. … It sounds like a horrific crime. I don't condone pedophilia."

Giacchetto's parties ended when he was arrested in 2000 and sent to prison for fraud in 2001. He was released in 2003. In February 2014, Giacchetto was charged with credit card fraud in a federal criminal complaint; he denies the new allegations.

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Friedman connects Giacchetto to the current allegations through an investment in Digital Entertainment Network, an early creator of Web-based entertainment programming founded by Marc Collins-Rector. In his lawsuit against Singer, Egan claims Collins-Rector introduced him to Singer in 1998 at a pool party at Collins-Rector's Encino estate. At the time, Egan was 17 years old.

In the late 1990s, venture capital firm Cassandra-Chase Entertainment Partners, co-owned by Giacchetto, invested in DEN. A hoped-for $75 million IPO for DEN disintegrated after Collins-Rector settled a lawsuit involving underage abuse charges in 1999, and Giacchetto's fund sustained heavy losses that accelerated his own fiscal disaster. 

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"Cassandra-Chase Entertainment Partners did make a small investment [led by] my old partner Jeffrey A. Sachs," says Giacchetto. "I had nothing at all to do with it, and I was totally against it. The investment was dropped as soon as suspicion arose. I have had zero contact with these dudes — I don't know them at all. I don't believe I ever met any of them."

After the collapse of DEN in 2000, Collins-Rector fled the country. He was arrested in Spain in 2002 and in 2004 plead guilty to federal charges of transporting minors across state lines for the purpose of having sex with them.