Hedge Funds Take Accidental Turn Into Porn

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Twelve hedge funds got an eye-catching lesson in semantics when their $4.2 million investment designated for an "integrated global community of trading partners" allegedly wound up being poured into porn and the construction of a swingers ranch. Milton (Todd) Ault 3rd, a Dean Witter and Prudential alumnus, apparently sought to invest some of the hedgie money in follow up projects to his firm's, Zealous Inc., earlier cinematic masterpiece, a porn based on Sarah Palin.

"These hedge funds didn't do their homework when they made their investment," said Ault, adding that the funds have already recouped a chunk of the money...Last September, Ault merged Zealous into Adult Entertainment Capital Inc., a publicly traded firm that issued a press release about plans for a 140-acre East Coast project for the "fast-growing swingers lifestyle."

Evidently plans for the sequel to Palin Erection 2008 are on hold for now.

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