A luxury A-frame lodge, a dozen mobile homes, hundreds of acres of farmland and an active gas drilling well pad are among the properties owned by businesses that Lancaster County entrepreneur Daryl Heller claimed as part of his personal wealth less than two years ago.
But now, as 2,700 investors seek their share of a $140 million judgment against Heller’s collapsed ATM network and Heller fends off lawsuits from banks and lenders, his lawyer says Heller does not have ownership stakes in those businesses.
Most of the properties are owned by business entities that Heller originally registered, state records show. However, legal experts say it is difficult to know who owns the businesses now. Without a court order forcing release of internal business records, it’s not possible to know whether Heller signed away any stake in the companies before he got into legal trouble — or whether he transferred his shares to family members as his creditors approached, a step that could be a violation of bankruptcy law…