Milan

Ex-PdL candidate arrested in Milan for alleged market fraud

Alessandro Proto known as realtor to the stars

Ex-PdL candidate arrested in Milan for alleged market fraud

Milan, February 14 - An Italian realtor to Hollywood stars and ex-primary candidate in former premier Silvio Berlusconi's People of Freedom (PdL) party was arrested on Thursday for alleged fraud and market manipulation in Milan. Alessandro Proto, 38, who has handled luxury Italian property purchases for Brad Pitt, Angelina Jolie and Leonardo DiCaprio, has been under investigation since November for deals at his Proto Consulting firm. Proto, a financier, made headlines in Italy last January for expressing interest along with four investors in buying up the Benetton family's shares in the loss-making RCS publishing house.

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