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 ‘Management Company’
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 
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