BREAKING: Following a court proceeding and a hefty $1.8 Million bail out, Pasquale Rotella, Insomniac Events CEO and founder is being faced with 29 accounts of bribary, embezzelment, conspiracy and conflict of interest. While the company has been rumored to have had rocky times in Los Angeles behind the scenes, it seems the facts are beginning to come out publicly and are looking extremely costly.
“Rotella, owner of Insomniac events, allegedly used more than $2.5 million in funds from the Los Angeles Memorial Coliseum towards paying off city officials. According to reports, he used the coliseum to host raves or all-night parties.”
While the final numbers with come in July 29th at a hearing, Pasquale Rotella and five other co-conspirators will likely spend over a decade in prison if found quilty on allegations. Just yesterday Rotella and fiance Holly Madison (a famous Playboy figure) announced their plans to marry after the birth of their child this past March.
“Rotella’s attorney, Gary Jay Kaufman, said the charges are “politically motivated and publicity driven” and feels confident his client will be found innocent.”
However, innocent is the last way the city of Los Angeles is feeling like describing Rotella. While he may have been only arrested this past March, the drug-related 2010 death of one 15-year-old Sasha Rodriguez at an Insomniac show led the company through 13 months of investigation and endless shots of foul play, which in the end has led to where the CEO and his five team members are today. For everyone’s sake, we hope such violent accusations are much less scary than they seem.
What this will mean for Insomniac, whether it will sway buyouts from Live Nation and how it will impact the future of EDC events are still to be seen. Stay tuned for details as they present themselves. Neither Insomniac Events or Pasquale Rotella have release statements, official or unofficial. What a week for news!