Lawyer Joe Tacopina recently convinced a judge that his client Abraxas “A.J.” Discala, a former actor known for his three-year marriage to actress Jamie-Lynn Sigler, was not a flight risk and did not need to wear an electronic monitoring bracelet. Tacopina argued that the prosecution had overstated its case against Discala, who has been accused of overseeing a “pump-and-dump” penny stock scheme. Prosecutors have said that Discala conned investors out of more than $300 million. The 43-year-old is now out on a $2 million bail.
Prosecutors have admitted that they inflated Discala’s net worth. After stating that he had a $7 million trust, they corrected the statement to say that Discala had $7 million and a trust. Tacopina told the presiding judge that most of Discala’s net worth is inaccessible because it is tied up in businesses or has been seized by the government. Realistically, he has access to about $29,000, Tacopina said.