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Hedge funders’ suit claims money went to porn investment, swingers’ resort

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.”

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