Al Palagonia Net Worth
Al Palagonia has an estimated net worth of $1,469,000 as of 2018. The actor has made over $457,600 from his career in the entertainment industry. His net worth is one of the highest of any actors who are under 40 years of age. In 2016, his earnings were at $457,600. Read on to find out how much he is worth and how he got there. Also, keep reading for additional details about his personal life, including his family relationships and children.
In 2001, he was indicted alongside fourteen other traders and a brokerage firm for bilking retirement funds. The company was accused of bilking over $6 million from retirees in a single year. In 2002, he pleaded guilty to charges of enterprise corruption and securities fraud and was sentenced to three years in prison. He was also barred from the securities industry. The movie Boiler Room was based on this true story, and it was praised by critics.
In 2001, Palagonia was arrested along with 14 other traders and a brokerage firm. They were suspected of defrauding $6 million from retired people using fake investments. In the end, they pleaded guilty to charges of securities fraud and enterprise corruption. He was sentenced to three years in prison and paid $400,000 in fines. He was also barred from the securities industry. His story was used as the basis for Ben Affleck’s character in the movie Boiler Room.
In 2002, he was released from prison and became the managing director of Halcyon Jets. In this new role, he met some celebrities, including Reggie Bush and Shaquille O’Neal. He was also a spokesmen for the Halcyon Jets, including Spike Lee. This infamous scandal eventually resulted in the hiring of Danny Wood as a sales executive.
Palagonia is very rich. He makes money every day, which explains his high net worth. He has two children and earns millions of dollars. While these aren’t the only assets he has, they are the main reason why he has a very high net worth. The company has an average of $1.2 million in assets, and he has a net-worth of $28 million. However, it’s unclear what his net-worth is.
In 2001, the Manhattan district attorney indicted him along with 14 other traders and the brokerage firm they co-founded. They bilked retirement funds of $6 million in one year. In 2004, they pleaded guilty to securities fraud and enterprise corruption. After serving their sentences, the company’s CEO, Benjamin Cohen, never called back to answer questions about the merger. He remained in prison after the incident. Despite his arrest, the company continues to operate under the name of Apollo Jets.
In 2003, Palagonia was released from prison and was reported to be the managing director of Halcyon Jets. He was joined by other celebrities, including Spike Lee. The team hired Reggie Bush and Shaquille O’Neal as spokesmen, and he later made a $400,000 profit from Halcyon jets. The company also hired Danny Wood as a sales executive.
In 2003, Palagonia was freed from prison and was reported to be the managing director of Halcyon Jets. The company’s board of directors included such celebrities as Reggie Bush and Shaquille O’Neal. Its sponsorships of Supercar Weekend and Danny Wood as a sales executive were the sources of Al Palagonia net worth. Despite his criminal past, he has a huge amount of money to his name.
In 2002, Palagonia was arrested and charged with bilking $6 million from retirees. He was convicted of felony fraud, which included enterprise corruption and security violations. He paid a fine of $400,000 and spent three years in jail. His arrest led to a global media storm and the arrest of his son, Alexis. Amodio reportedly said that the legal department would call back to answer questions. In addition to the media, the president of Halcyon, David Cohen, also denied answering any questions.
Despite the high Al Palagonia net worth, his reputation has led to some scandals. He was accused of bribing rival employees and keeping an ex-Wall Street pirate as its secret CEO. As a result, his company has a reputation for being the Blackbeard of the sky. In a nutshell, the billionaire is a wealthy man with a great Rolodex.