Orangeburg Man Faces Prison, Restitution for $11 Million Ponzi Scheme

A Rockland investment broker and former Rockland Republican Party official faces nearly 20 years in prison today and $20 million in penalties for running an $11 million Ponzi scheme for 25 years. The Journal News says 77 year-old Hector May of Orangeburg will be sentenced after pleading guilty in December to wire and investment adviser fraud. Federal officials are recommending May serve 10 years in prison.

Snow Closings Updated Regularly

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