Adam Hochfelder accused of Ponzi scheme, embezzlement by former firm

Merchants Hospitality has filed an explosive lawsuit against former partner Adam Hochfelder, accusing him of running a Ponzi scheme, embezzling investor money and retaliating against his former associates after he was fired in June. In a complaint filed in New York State Supreme Court last week, Merchants claims it went out on a limb to help Hochfelder get back on his feet after a two-year prison stint, only to catch him stealing from the firm

source https://therealdeal.com/2020/10/05/adam-hochfelder-accused-of-ponzi-scheme-embezzlement-by-former-firm-merchants/