Mass. regulator charges Stephen Lewis Hochberg

Stephen Lewis Hochberg evidently got his MBA from Jimmy Gourary. "William Galvin, the state's secretary of the commonwealth, said Stephen Lewis Hochberg promised executives and retirees alike returns of 8 percent or more a year if they put their life savings into his Realty Funding LLC." Galvin said there is no evidence that the fund "existed as an entity separate and distinct from Hochberg himself" and added that "Hochberg apparently used these funds primarily to pay for personal expenses." Reuters: Massachusetts regulator charges man who ran fake fund. Is he Stephen Hochberg the President Emeritus of the Jewish National Fund of New England? Boston Globe: Mass. man accused of bilking investors of $1.6M.