Former President Of Investment Adviser Firm Pleads Guilty To Defrauding Clients

Manhattan U.S. Attorney Geoffrey S. Berman said: “As Hector May admitted today, for decades he and his co-conspirator violated his clients’ trust by siphoning money from their accounts to line their pockets and continue to perpetrate their illegal scheme. In total, May and his co-conspirator stole more than $11 million. Now, he has confessed to his crimes and faces significant time in prison.”

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