The Securities and Exchange Commission (SEC) has filed a lawsuit against Jeffrey Arsenault, Old Greenwich Capital Advisors, LLC, and OGCP Management Co, LLC.
The relevant complaint was submitted on October 11, 2024, at the Connecticut District Court.
The SEC’s complaint alleges that, after the fall of 2008, Jeffrey Arsenault and the investment fund he founded and managed, Old Greenwich Capital Partners, L.P. (the “OGCP Fund”), faced financial difficulties. The market downturn caused the OGCP Fund to lose value. Arsenault’s partner split from the OGCP Fund and took with him a significant portion of the assets under management. Arsenault’s house was soon in foreclosure.
Thereafter, Arsenault and Old Greenwich Capital Advisors misappropriated money from the OGCP Fund, which Arsenault used to maintain…
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