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Saturday, jul 6
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New York Office of the U.S. Postal Inspection Service
News
Area Financial Adviser Admits To Stealing $11.5M From Clients
Hector May, a prominent investment adviser, has pleaded guilty to federal charges to participating in a conspiracy to defraud clients in the area out of more than $11 million. May, 77, of Orangeburg in Rockland County, the president of Executive Compensation Planners in New York City, admitted stealing the money with the help of an unindicted co-conspirator, said Geoffrey S. Berman, the U.S. Attorney for the Southern District of New York announced on Thursday. He pleaded guilty to one count of conspiracy to commit wire fraud before U.S. Magistrate Judge Judith C. McCarthy in…