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Prosecutors described May as "ruthless and seemingly sociopathic" for pilfering the retirement savings of friends, relatives, the elderly and blue collar workers for 16 years.
Former U.S. Attorney Geoffrey S. Berman described the decades-long Ponzi scheme as "marked by extreme cunning, ruthlessness, and utter disregard for the well-being of his victims."
Robert and Judith Jamieson of Riverside, Connecticut, claim that Hector May pretended to be their friend while secretly emptying their brokerage accounts.
The Securities and Exchange Commission then in turn charged Hector May and his daughter, Vania Bell, with running a multimillion-dollar Ponzi scheme.
The U.S. Attorney’s Office believes the properties constitute proceeds of securities fraud and "are thus subject to criminal forfeiture.”