Corporate & Securities Law

Edward May and E-M Management Co. are back in the news.  The Securities and Exchange Commission filed charges stemming from a $250 million offering fraud that involved phony Las Vegas casino and resort telecommunications deals and victimized as many as 1,200 investors, many of whom were senior citizens. 

The SEC's action charges Detroit-area resident Edward May and E-M Management Co. LLC with selling investors shares of limited liability companies that they claimed had received revenues from telecommunications equipment and services contracts with hotels, casinos, resorts and similar establishments, many of which were purportedly located in Las Vegas.  In fact, no such contracts ever existed.   To perpetrate their fraudulent scheme, May and E-M relied on a network of individuals, some of whom organized "investment seminars" to entice investors to invest with E-M.

This scheme was perpetrated between 1998 and July 2007 according to the SEC.  SNSFE attorneys continue to investigate and would welcome calls discussing this matter.