A group of hedge funds says that instead of investing in a software program involving stock trading, a fraudster took their $4.2 million to fulfill his sex-drenched dream -- of buying a "swingers' ranch." The 12 international funds say they are "victims of [a] scam perpetrated by Todd Ault, the president and chief executive officer of Zealous Inc." -- also the former head of a porn-investment business, according to papers filed in Manhattan Supreme Court.
Next....don't see this helping him raise funds either
Case Number: BC407274 LOUIS GLAZER M D ET AL VS MILTON CHARLES AULT III ET AL Filing Date: 02/06/2009 Case Type: Fraud (no contract) (General Jurisdiction) Status: Default Judgment Pursuant to Decl. 10/01/2010 ________________________________________ Future Hearings 03/21/2011 at 09:00 am in department 1A at 111 North Hill Street, Los Angeles, CA 90012 Judgment Debtor Examination Hrng 03/28/2011 at 09:00 am in department 1A at 111 North Hill Street, Los Angeles, CA 90012 Judgment Debtor Examination Hrng 03/30/2011 at 08:31 am in department 50 at 111 North Hill Street, Los Angeles, CA 90012 Motion (FOR AN OSC RE DEFENDANT'S FAILURETO COMPLY WITH JUDGMENT ANDCONTEMPT OF COURT) 05/11/2011 at 09:00 am in department 1A at 111 North Hill Street, Los Angeles, CA 90012 Judgment Debtor Examination Hrng 06/13/2011 at 08:31 am in department 50 at 111 North Hill Street, Los Angeles, CA 90012 Motion to Vacate http://www.lasuperiorcourt.org/civilCaseSummary/index.asp?CaseType=Civil
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