Arjent’s DePalo Charged by N.Y. With Cheating U.K. Investors
This article is for subscribers only.
Arjent LLC Chief Executive Officer Robert DePalo was indicted by a New York grand jury on charges of defrauding U.K. investors of about $6.5 million that he spent on his mortgage and luxury cars.
The New York-based brokerage and DePalo were also sued by the U.S. Securities and Exchange Commission in a parallel case.