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New York

Max Capital founder charged with fraud

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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.