LANCASTER COUNTY, Pa. — Investors have filed a class action lawsuit against the business partners of a Lancaster County man allegedly involved in a $700 million Ponzi scheme.
The lawsuit alleges that Daryl Heller and his associates — Jerry Hostetter, Mir Jafer Ali Joffrey, Randall Leaman and David Zook — used their businesses — Prestige Funds and Paramount — to raise that money from more than 2,000 investors across the country.
According to the investors’ complaint, Prestige Funds and Paramount claimed to operate 38,000 ATMS, but the company owned fewer than 10,000, many of which were sitting idle in warehouses.
Heller filed for bankruptcy in February. His liabilities are estimated between $100 million and $500 million.
Source: WGAL August 29 2025
