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Posts Tagged ‘Andre Balazs’

Phish Re-Emerges, Eight Years After Giacchetto Sting

Phishphish.jpg, the alternative Vermont-bred rock band that was at the center of the Dana Giacchettodana.jpg money manager scandal in 2000, is getting back together for a reunion concert in Vermont.

The band was smack in the middle of a round-robin scam, according to the New York Observer and scads of other Hollywood-watching magazines, conducted by Giacchetto whereby the money manager would borrow hundreds of thousands of dollars, if not millions, from unwitting clients to pay back the Hollywood elite like Mike Ovitz, Ben Stiller, Lauren Holley, Rick Yorn, Leonardo DiCaprio and Tobey Maguire that Giacchetto enlisted as targets of the scam as well.

In March 1999, Giacchetto allegedly took $556,521 from Rick Yorn, Michael Ovitz‘s young partner at Artists Management Group, to pay What’s Love Got To Do With It director Brian Gibson $476,000. Then, on March 19, 1999, Mr. Giacchetto allegedly took $500,000 from Alanis Morisette’s manager Scott Welch to pay Phish manager John Paluska $258,978.00; in August, he took $450,000 from Mr. Ovitz to pay his company’s payroll, then cut a check to hotelier Andre Balazs for $11,000.

Then, in September 1999, Mr. Giacchetto went on a bit of a tear. He allegedly siphoned $250,000 from Ben Stillerbenstiller.jpg, $250,000 from then- Talk editor David Kuhn, $150,000 from actor Tobey Maguire, and $100,000 from Lauren Holley to send Mr. Yorn $737,000, Mr. Ovitz $150,000, Razorfish Web site design firm co-founder Craig Kanarick $21,000, and artist George Condo $75,000.

There was even a little left over the following month to mail E Street Band guitarist and Sopranos star Stevie Van Zandt $100,000. Then in November, he allegedly took $100,000 from art dealer Marianne Boesky and sent it right off to bony actor Tim Roth. One hundred thousand dollars from artist David Salle’s account allegedly went toward paying Alanis Morissette $3,600; a half million dollars of Phish’s retirement fund repaid Ben Stiller the quarter million he was missing. In January 2000, the $250,000 of a gentleman named Gordon P. Baird, Jr. allegedly helped pay producer Stacy Sher $251,033.

Phish disbanded in 2004.

Not sure whether Phish ever saw any money again. Maybe that’s why they’re re-uniting.

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Inside Condé’s ‘Passion’

In a move that is hard to not smack of desperation, at least for cynical media bloggers, Condé Nast is rolling out another elaborate ad campaign touting the importance of — nay, passion readers have for — its print magazines. The title of the campaign? “The Point of Passion: An ongoing exhibit by Condé Nast.” Of course.

You’ll recall Condé launched “Point of Passion” in 2005 with “typical” readers.

In this one, eight-page inserts will feature magazine-clutching celebrities in various states of print enjoyment, alongside tag lines like “It’s not a magazine, it’s a muse.” (That’s the subtitle for Mary-Louise Parker‘s gaze for the New Yorker.)

For Wired, Sir Richard Branson lies cradled in a chair aboard Virgin Galactic’s future SpaceShipTwo, reading; the line reads, “Part magazine. Part co-pilot.”

Others slated to appear in future “Passion” spots: Diane Von Furstenberg (Vanity Fair), Patrick Dempsey (Details), Burberry designer Christopher Bailey (Men.style.com), Eva Longoria (Glamour), Giada de Laurentis (Bon Appetit), Terence Howard (GQ), supermodel Natalia Vodianova (Vogue), Andre Balazs (Concierge.com), Marc Jacobs (Style.com), Zoey Kravitz and Lorraine Nicholson (Teen Vogue), Sheryl Crow (Self), Hugh Jackman (Men’s Vogue), Jim Nantz (Golf Digest), Preston Bailey (Brides.com), Greg Norman (Golf World).

  • Point Of Passion [Condé Nast]