Edward May and Frank Bluestein, both residents of the metro Detroit area, are under investigation by the FBI for allegedly perpetrating a huge pyramid scheme in Michigan and across the country.
Ed May’s investment fraud may have victimized as many as 1,200 investors, whose lost savings may have totaled as much as $250 million, according to a complaint filed against him by the Securities and Exchange Commission. Frank Bluestein, an investment broker, allegedly assisted him in perpetrating the fraud by selling the unregistered securities to investors.
Chapman & Associates is preparing to take legal action against the perpetrators of the E-M Management scheme and those who were supposed to watch them, on behalf of several aggrieved investors. Chapman & Associates often represents, on a contingency basis, individuals who have lost their savings in fraudulent investment schemes.
If you have lost money in the E-M Management scam, please contact us immediately by email (click here) or toll free at 866-220-3300.
UPDATE: Chapman & Associates Filed Claim Against GunnAllen and Questar on Behalf of Ed May and Frank Bluestein Investors
Chapman & Associates has filed a FINRA Arbitration claim on behalf of investors victimized by Ed May and Frank Bluestein, against GunnAllen and Questar. GunnAllen and Questar are former employers of Frank Bluestein. In the claim, the May and Bluestein victims allege that GunnAllen and Questar failed in their duty to supervise their broker, Frank Bluestein, and are thus liable to the investors for their losses. Chapman & Associates is preparing to file more investor claims. If you have lost money in the E-M Management scam, please contact us immediately by email at jchapman@jscltd.com or toll free at 866-220-3300.
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