A music promoter and founder of the Electric Daisy Carnival pleaded no contest today to one count of conflict of interest and agreed to pay $150,000 to Los Angeles County for his role in the 2012 Coliseum embezzlement and bribery case, the Los Angeles County District Attorney's Office announced.

Pasquale Rotella, 41, who also owns Insomniac Events, pleaded to a single misdemeanor count in a new case filed today as part of a plea negotiation. He was immediately sentenced by Los Angeles Superior Court Judge Kathleen Kennedy to summary probation for three years

Co-defendants Todd DeStefano, 43, the former Coliseum events manager, and Reza Gerami, 41, a concert promoter, return to Department 109 on Friday at 1:30 p.m. for further hearings in case BA396065.

A Grand Jury indictment unsealed in March 2012 charged DeStefano with diverting Coliseum event funds to his own company.

Rotella's Insomniac and Gerami's Go Ventures, both of which sponsored Coliseum events, allegedly participated in DeStefano's embezzlement scheme.

Los Angeles County District Attorney / case BA396065 / August 4, 2016