Insomniac Inc. Chief Executive Pasquale Rotella and former Los Angeles Coliseum events manager Todd DeStefano are in the process of posting bail and could be released from jail as early as Friday evening.
The two were among six indicted by the grand jury and charged with conspiracy, embezzlement and bribery. The group is accused of stealing millions from the historic stadium.
The 29-count indictment, which was unsealed Friday, caps a 13-month investigation by the district attorney’s office, triggered by Los Angeles Times reports on alleged corruption involving millions of dollars in questionable transactions at one of the nation’s most storied stadiums.
— Andrew Blankstein
A second company with ties to the Los Angeles Coliseum said Thursday they anticipate that their chief executive will be arrested by investigators from the District Attorney’s Office.The statement suggests that Insomniac Events CEO Pasquale Rotella has been indicted, but is out of town on business. He making plans to return quickly to deal with the matter. He would become the fourth person to be arrested in connection to alleged malfeasance involving Coliseum management and rave or event companies they did business with.
–Andrew Blankstein, Paul Pringle and Rong-Gong Lin II
In recent developments, a former general manager of the Los Angeles Memorial Coliseum and Sports Arena has been arrested along with, former events manager and the chief executive of a rave promotion company. According to the LA Times, Jane Robinson, a spokeswoman for Dist. Atty. Steve Cooley stated that Thursday morning authorities have arrested Patrick Lynch, Todd Destefano and Reza Gerami. Specifics of the charges have not been disclosed, however the trio were apparently the subject of several local, state and federal investigations regarding their financial dealings. Patrick Lynch was a long time general manager of the Los Angeles Memorial Coliseum and adjacent Sports Arena until his abrupt resignation in February 2011.
“The Coliseum had become mired in conflicts of interest, spending irregularities and loose accounting that eroded its fiscal foundation and had all but bankrupted its future as one of the nation’s most-storied public landmarks.”
— Andrew Blankstein, Paul Pringle and Rong-Gong Lin II. LA Times
Lynch’s controversial resignation was due to a possible conflict of interest in allowing his then top assistant Todd Destefano to moonlight as a consultant to the producer of the trouble plagued “Electric Daisy Carnival” (EDC) rave during the time he was an acting representative of the coliseum commission and involved in the planning and oversight of security and medical services for the event. In light of the fact that Todd Destefano had ties with Insomniac Inc (promoters of EDC), investigations by local and state authorities were being conducted in order to determine possible illegal activity. Lynch was taken into custody at his home in Torrance, CA while former events manager Todd Destefano was arrested at his friend’s home in Venice, CA. In addition the chief executive of the rave promotion company Go Ventures Reza Gerami aka DJ Reza was arrested at his home in Malibu, CA. According to ABC 7 Coliseum Commissioner and Los Angeles City Councilman Bernard Parks stated the two managers likely pocketed well over one million dollars. I speculate as to whether or not others are involved and as a result, I suspect we will be hearing more as this story developes. The following is a quote from DJ Reza’s Go Ventures artist bio page.
“The DJ moniker would eventually find its way in front of Reza’s name, but not without the hard work, self-discipline and strong personal ethics for earning professional credibility.”
Read more here.