NEW LEBANON–First it was the strip club that wasn’t, now it’s a swingers club that isn’t.
An August 12 story in the New York Daily News first reported that Milton “Todd” Ault III, a California investor, is being sued by several hedge funds that invested in his firm, Zealous, Inc., accusing him of putting their $4.2 million investments into porn and a planned “swingers ranch” here. The lawsuit, which erroneously puts New Lebanon in “the Catskills,” says the facility was planned for a site on Wadsworth Road.
The suit, filed in state Supreme Court in Manhattan, and the news story that reported it put the town on the map. A Google search found the story has been picked up on sites all over the world.