New York Daily News – A California moneyman with X-rated interests is being sued by several hedge funds who accuse him of shoveling their millions into porn and a planned Catskills swingers ranch.
Milton (Todd) Ault 3rd is charged with stiffing a dozen hedge funds on a $4.2 million investment with his firm Zealous Inc.
The Manhattan Supreme Court suit says the money was supposed to be steered to an ”integrated global community of trading partners.”
