Jeffrey Arsenault and Old Greenwich Capital Advisors

The law firm of ChapmanAlbin is investigating Jeffrey Arsenault and his affiliated companies, Old Greenwich Capital Advisors, LLC and OGCP Management Co, LLC, after the SEC filed charges alleging misappropriation of funds. According to the SEC, Arsenault and his investment advisory firms are accused of misappropriating at least $4.1 million from two private funds they managed, using these funds to pay for personal expenses and unauthorized payments for their benefit.

The SEC’s complaint, filed in the United States District Court for the District of Connecticut, claims that between October 2014 and the present, the defendants overstated the funds’ value on investor account statements and tax documents, allegedly concealing the misappropriated assets. The complaint also alleges that they misrepresented fund holdings, falsely claiming investments in one another even after one fund had ceased operating.

These alleged actions may have led to significant losses for investors. ChapmanAlbin is actively investigating potential claims on behalf of affected investors and encourages those impacted to reach out to discuss possible recovery options.