SPIDER-MAN star Tobey Maguire has paid out $197,000 (GBP123,125) laundered by former financial advisor DANA GIACCHETTO to settle an ongoing lawsuit.

The hunky actor is one of a number of celebrities who was unknowingly given money by Giacchetto - who had acquired it by defrauding lesser-known clients.

Maguire is the latest big name to settle the matter financially after Cameron Diaz paid back $100,000 (GBP62,500), Tim Roth wrote a cheque for $6,000 (GBP3,750) and Alanis Morissette returned $1,800 (GBP1,125).

Giacchetto is currently serving a four year jail sentence after being convicted of helping himself to funds from various clients, including TITANIC superstar LEONARDO DiCAPRIO.

26/09/2003 02:09