The Securities and Exchange Commission today charged Detroit-area stock broker Frank Bluestein with fraud, alleging that he lured elderly investors into refinancing the mortgages on their homes in order to fund their investments in a $250 million Ponzi scheme.The SEC alleges that Bluestein acted as the single largest salesperson in the Ponzi scheme operated by Edward May and his company, E-M Management Company LLC (E-M).
Posts Tagged ‘Attendees’
GunnAllen, Frank Bluestein and E-M Management Company
October 31st, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: Attendees, Bluestein, Company Llc, Detroit Area, Eastern District Of Michigan, Elderly Investors, Fraudulent Scheme, Guise, Gunnallen, Informal Conversations, Investment Products, Investment Seminars, M Management, Management Company, Mays, Ponzi Scheme, Salesperson, Securities And Exchange Commission, Stock Broker, Stock Fraud 
No Comments »SEC charges former GunnAllen and Questar broker with fraud in $250M Ponzi scheme
September 28th, 2009 Before You Invest Frank Bluestein ‘lured elderly investors into refinancing the mortgages on their homes,’ regulator alleges The Securities and Exchange Commission today charged Frank Bluestein with fraud for allegedly being the single largest salesperson in a $250 million Ponzi scheme that collapsed in August 2007.
Posted in Finance Fraud Tags: Arbitration, Attendees, Bluestein, Broker Dealer, Broker Fraud, Client Statements, Co Llc, Elderly Investors, Gunnallen, Legitimacy, M Management, Management Co, Mays, Ponzi Scheme, Questar, Questar Capital Corp, Salesperson, Securities And Exchange, Securities And Exchange Commission, Vegas Casino No Comments »
