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).
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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 »Broker Charged With Ponzi Scheme Fraud
September 28th, 2009 Before You Invest The Securities and Exchange Commission has charged a Michigan stock broker with fraud, alleging he acted as a salesman in an alleged $250 million Ponzi scheme the agency first exposed nearly two years ago.The agency alleged Frank Bluestein lured elderly investors into the scheme after convincing many of them to refinance their homes.
Posted in Finance Fraud Tags: Bluestein, Broker Fraud, Commissions, Contracts, Elderly Investors, Investment Seminars, Investor Funds, Litigation, M Management, Management Co, Monetary Penalties, Offerings, Salesperson, Securities And Exchange, Securities And Exchange Commission, Spokesman, Stock Broker, Stock Fraud, Telecommunication, Vegas Resorts No Comments »
