12/02/08

Updated On 08/28/08 at 08:44AM

Max Capital founder charged with fraud



Adam Hochfelder


Adam Hochfelder, founder and chairman of commercial landlord Max Capital Management Corp., was arrested yesterday on accounts of fraud totaling to over $17 million. Hochfelder allegedly forged signatures and lied about properties his company owned to borrow loans from two banks, as well as business partners, friends and relatives. Max Capital Management holdings have included 237 Park Avenue and the Helmsley Building at 230 Park Avenue.

More at: [AP via Newsday]


Comments

Anonymous

adam Hochfelder

Comment #1 Posted By: Anonymous 08/28/08

Anonymous

too bad, he deserves to go to jail!!!!!!!!!!!!!!!!!!!!

Comment #2 Posted By: Anonymous 08/28/08

Anonymous

HE IS A CREEP

Comment #3 Posted By: Anonymous 08/28/08

Anonymous

He was a goldenboy of the boom and now he is the posterboy for the bust.

Comment #4 Posted By: Anonymous 08/28/08

Anonymous

I know him pretty well and there is no way he is spending more than 5 years in prison.

Comment #5 Posted By: Anonymous 08/28/08

Anonymous

ha another one bites the dust!!!!!!!

Comment #6 Posted By: Anonymous 08/28/08

Anonymous

look at that schnazle..

Comment #7 Posted By: Anonymous 08/29/08

Anonymous

He was one of the biggest jerks I ever met, and in this industry, that's saying a lot. He would schedule 7:30 am interviews with potential candidates and then not show up until 9:00 am on purpose. Jerk.

Comment #8 Posted By: Anonymous 08/29/08

Anonymous

Why couldnt it be Faith Consuelo

Comment #9 Posted By: Anonymous 09/09/08

Anonymous

GREED! To live the life he and his wife led and to be living it off money he stole from others...there are no words to express how vile that is. It really is a sickness.

Comment #10 Posted By: Anonymous 09/11/08

Anonymous

By the way, where is he now? When will he get sentenced? This is better than a soap opera!

Comment #11 Posted By: Anonymous 09/11/08

Anonymous

a real sociopath...knew him personally. Scary to see how someone can appear so nice and then be so ruthless and selfish. when is he going to jail? anyone know?

Comment #12 Posted By: Anonymous 11/17/08

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