SEC charges Edward May with fraud
The Detroit-area money manager is accused of committing a massive $250 million fraud.
Edward May, the flamboyant Detroit area money manager, was charged this morning by the SEC for a committing a massive $250 million fraud that turned as many as 1,200 investors into victims.
The deals offered by Mr. May and his firm, E-M Management Co. LLC, involved shares in bogus Las Vegas casino
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