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Investors: Fund Manager Blew Cash on Porn, Swingers Club

He's also tied to a Palin-themed porno

By Kevin Spak,  Newser Staff

Posted Aug 12, 2009 11:35 AM CDT

(Newser) – A group of hedge fund investors are suing California moneyman Milton Ault III, saying he used their money to “fund his lifestyle, which included the development of a ‘swingers ranch’ in the Catskills and other pornographic-related endeavors,” according to court filings. Ault,...   Read full story »

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