Feds Charge Detroit Man With $200M Ponzi Scheme
The indictment, filed in the U.S. District Court for the Eastern District of Michigan, charges Edward May with 59 felony counts of mail fraud.
If found guilty of all counts, the 73-year-old May faces a statutory maximum sentence of 20 years in prison on each of 59 counts in the indictment. He would also be required to forfeit some...
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