Daughter of Imprisoned Rockland Investment Broker Charged in Same Ponzi Scheme

Just a day after an Orangeburg investment broker and former Rockland GOP official was sentenced to 13 years in prison and ordered to pay over $8 million in restitution for running a Ponzi scheme for 25 years, his daughter was indicted for helping him do it. The Journal News says 77 year-old Hector May’s 54 year-old daughter, Vania May Bell of Montvale, New Jersey, faces one count of conspiracy to commit wire fraud and one count of wire fraud. She was the comptroller of her father’s New City-based company, Executive Compensation Planners. She faces a maximum of 20 years in prison and a fine of $250,000 for each count. May was taken into custody on Wednesday. He pleaded guilty in December to wire and investment adviser fraud.

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