Former business partner eyes Daryl Heller’s family, associates in legal action | Local Business | lancasteronline.com

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Key Players

The article centers around Daryl Heller, his former business partner Jerry D. Hostetter, and the legal action against Heller's family and associates. Hostetter's lawsuit involves a writ of summons against Heller's wife, children, and business associates, alleging potential wrongdoing related to Prestige Investment Group.

The Lawsuit

The main focus is a writ of summons filed by Hostetter against Heller's family and associates. This is not the first legal action against Heller's family; a prior lawsuit from Deerfield Capital LLC alleges fraudulent asset transfers to his son. The writ is described as a quicker method to initiate legal action before statutory deadlines expire and to potentially safeguard assets.

Business Collapse and Financial Issues

The article details the collapse of Heller's various business ventures, including ATM networks and a Michigan marijuana business. He faces significant debts, including a $138 million judgment against him. The closure of Heller's Lancaster office, following an FBI visit, is mentioned, and the overall business dealings are described as a complex network of limited liability corporations. One attorney even referred to the situation as a 'Ponzi scheme'.

Potential Outcomes

A crucial upcoming meeting in New Jersey bankruptcy court is mentioned. This meeting is expected to shed light on where Heller's money might have gone and to potentially reveal more information about his business dealings.

  • Multiple lawsuits against Heller and his family.
  • Questions surrounding asset transfers and potential fraud.
  • The upcoming creditor meeting in bankruptcy court could bring further developments.
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