Michigan Broker Charged in Ponzi Case – Wall Street Journal(Investor Seminar News)

To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit www. WASHINGTON — The Securities and Exchange Commission on Monday accused a part owner of a now-defunct firm known as Fast Frank Inc. The agency filed a civil lawsuit in Michigan federal court alleging that stockbroker Frank Bluestein acted as the single largest salesperson in a $250 million Ponzi scheme that the SEC shut down in 2007 after it filed civil charges accusing Edward May and E-M Management Company LLC of fraud. To view or change all of your email settings, visit the Email Setup Center . read more

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