Digital Power Corp (DPW)

[petermic]

Milton C. Ault, III 47 Executive Chairman of the Board

Milton Ault, III 2,794,327 31.3%

Mr. Ault was CEO, President and Chairman of Zealous Holdings, Inc. that filed for bankruptcy protection.

Mr. Ault filed for bankruptcy protection under Chapter 11. This Chapter 13 filing was subsequently converted to a Chapter 7.

Lots of bad stuff comes up easily in a simple google search:

https://ftalphaville.ft.com/2009/08/12/66696/hedge-funds-porn-and-sarah-palin/
"Milton (Todd) Ault 3rd is charged with stiffing a dozen hedge funds on a $4.2 million investment with his firm Zealous Inc.

The suit says the money was supposed to be steered to an “integrated global community of trading partners.”

“The financing was a scam,” the suit says. “He intended to, and did, use plaintiffs’ money to fund [his] lifestyle, which included the development of a ‘swingers ranch’ in the Catskills and other pornographic-related endeavors."

http://www.ripoffreport.com/reports/aresh-shirdel-loses-appeal-for-milton-t-ault/las-vegas-nevada-select-stateprovince/aresh-shirdel-loses-appeal-for-milton-t-ault-milton-todd-aullt-discovered-as-owner-to-co-1178973
"Milton T Ault III and his partner Arash Shirdel are back at their old stock tricks again. Ault was barred from participating in a public company because of his New York and California deals where he swamped investors out of 5 or 6 Million in cash and FINRA and his business partner former real estate "self proclaimed garu" turned attorney went to his defense and lost Aults appeals."