Financial
Ex-money manager to stars is arrested again PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 20 February 2014 14:15

NEW YORK (AP) — A former money manager to celebrities including Leonardo DiCaprio and Ben Affleck has been arrested again on fraud charges.

It's been more than a decade since Dana Giacchetto was convicted of bilking his Hollywood clients.

He was released on $150,000 bail Thursday after appearing in federal court in Manhattan.

A criminal complaint accuses him of using someone else's credit card to make purchases of more than $10,000 a year ago in New York. Giacchetto's lawyer said his client denies the charges.

The complaint says Giacchetto is now the owner of a gourmet canned food company called "Taste."

In the earlier case, Giacchetto pleaded guilty to charges that he squandered nearly $10 million of his Hollywood clients' funds on a lavish, drug-abusing lifestyle. He received a nearly five-year prison term.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Author James Patterson giving $1 million to bookstores PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 20 February 2014 07:28

NEW YORK (AP) — Best-selling author James Patterson is giving away $1 million of his own money to independent bookstores.

On Wednesday, Patterson announced the first round of 55 stores to receive over $267,000 in funds. The remaining $750,000 will be given out in stages throughout the year.

Patterson's publisher, Hachette Book Group, released a statement saying the author feels that bookstores are vital to communities and that they leave a lasting love of reading in children and adults.

The bookstores can do whatever they want with the grants, which range from $2,000 to $15,000.

Patterson's books have sold more than 300 million copies worldwide, making him among the world's most prolific and popular writers.

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Online: www.jamespatterson.com


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
DiCaprio Foundation gives $3 million to advocacy group PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 20 February 2014 12:30

NEW YORK (AP) — International advocacy group Oceana says it has received a $3 million grant from the Leonardo DiCaprio Foundation for its work to protect threatened ocean habitat and keystone marine species such as sharks.

Oceana said in a statement Thursday the grant, which will be spread over a three-year period, will also support its work to advocate for responsible fishing measures, including a ban on California drift gillnets.

CEO Andy Sharpless said DiCaprio's support will help Oceana in its efforts to win more protections for countless sharks and other marine animals and for ocean habitats in the Pacific and Arctic, "which include some of the most productive ocean places in the world."

Oceana said it's working to ban drift gillnets off California in order to protect dolphins, whales, turtles and other marine animals from being caught and killed as "bycatch."

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Online:

http://www.leonardodicaprio.org

http://www.oceana.org


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Work to resume on Panama Canal expansion PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 20 February 2014 07:25

PANAMA CITY (AP) — The administrator of the Panama Canal says work will resume Thursday on a major expansion of the canal two weeks after it was halted over a disagreement with a contractor on $1.6 billion in cost overruns.

It says the European-led construction consortium will go back to work even though they haven't reached a final agreement on how to finance the remaining work on a set of new locks

The dispute that began in January threatens to further delay completion of the $5.25 billion expansion project that will allow extra-large tankers and container ships to use the canal and cut travel time between Asia and the eastern U.S.

The consortium led by Spain's Sacyr blames poor planning for the cost overruns. Panama says the company is responsible for any unforeseen costs.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
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