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Ed May, the Man Who Led Ponzi Scheme, Sentenced to Minimum of 16 Years in Prison

Updated: Wednesday, 05 Oct 2011, 6:12 AM EDT
Published : Tuesday, 04 Oct 2011, 11:22 PM EDT

(WJBK) - An Oakland County man whose Ponzi scheme caused investors to suffer millions of dollars in losses has been sentenced to 16 years in federal prison.

Edward May was sentenced in Detroit federal court on Tuesday.

FOX 2's Rob Wolchek has more in this video report.

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User Tools - July 2011 Update