While in college, he was part the new wave band Breakfast in Bed and aspired to be a rock keyboard player and vocalist.
[3] The company's core mission revolved around investing in blue-chip stocks and corporate bonds, with a conservative approach that prioritized low-risk securities.
[4] He was able to meet talent agent Jay Moloney, and through him, was introduced to people such as Michael Ovitz and Leonardo DiCaprio.
[5] At the company's peak, it had $400 million in assets with clients such as Tim Roth, Cameron Diaz, and Tobey Maguire.
[7] In April 2000, Giacchetto was arrested and charged of fraud and lying to the U.S. Securities and Exchange Commission, alleging that he misappropriated funds belonging to his clients, which he managed through the Cassandra Group.
Weeks after he was released, he was arrested again after getting off a flight from Las Vegas to Newark, New Jersey with a doctored passport, $4,000 in cash, and dozens of first-class tickets on hand.
[14] In February 2014, Giacchetto was charged with wire and access device fraud, with the complaint alleging that he made multiple purchases with another person's credit card.
[15] American Express had notified the cardholder of a fraudulent charge, where it was later discovered the Giacchetto had made multiple purchases using their card.