How broker to the stars came to be behind bars

Article Abstract:

Cassandra Group owner Dana Giacchetto is behind bars after his clients charged him with robbing them of at least $6 million through their accounts with him. The promising, young financial adviser to Hollywood stars such as Be Affleck, Leonardo DiCaprio, Cameron Diaz, Lauren Holly and Matt Damon first encountered difficulties when Chase Capital partners, a unit of Chase Manhattan Bank, severed its ties with him and his investment management firm. This was followed by clients' complaints and an audit conducted by SEC. The lawsuits came after another when clients discovered the unauthorized transfer of funds from their accounts.

Depository Credit Intermediation, New York, Money Management Accts & Svcs, Cassandra Group

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Delta seeks action against pilots

Article Abstract:

Delta Air Lines Inc has filed a request for a temporary restraining order in US District Court in Atlanta, GA, against the Air Line Pilots Assn and 43 pilots it believes are organizers of the overtime boycott. The airline sought the help of a federal court because it wants to prevent another overtime boycott from happening. The last boycott, which happened from Dec 1 to Dec 3, 2000, caused the cancellation of 386 flights because of crew shortages.

Scheduled Airlines, Scheduled Air Transportation, Airlines, Delta Air Lines Inc.

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Fund scandal 'serious as a heart attack' to investors

Article Abstract:

Investigations of the trading practices of mutual fund companies are discussed.

Legal/Government Regulation, Industry Overview, Company legal issue, Cases, Investigations, Cover Story, Mutual fund industry, Chronology, Putnam Investments Inc.

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