A slew of investment funds sued the bankrupt founder of an ATM network operator, seeking a judgment for alleged “stolen investments” and malicious conduct.
Daryl Fred Heller, the CEO of the firm that owns Blackford ATM Ventures Fund D LLC, left about 2,700 investors across 25 funds with “worthless investments and far less ATM assets” than they were promised, the funds said in a Thursday complaint in the US Bankruptcy Court for the District of New Jersey.
Heller, who filed for bankruptcy in February, also transferred money out of a fund that was facing an approximately $138 million consent judgment ...
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