Ed May and Frank Bluestein Accused of Perpetrating $250 Million Fraud
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 action against the perpetrators of the E-M Management scheme and those who were supposed to watch them, on behalf of 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 at 866-220-3300.
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