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by Rob_Wolchek from Southfield

Last Post 309 days, 19 hours Ago


Frank Bluestein was the kind of investment broker everyone would want.  He had the tips and tricks that would make his clients bundles of profit...profit his clients told me he encouraged them to re-invest in the 'special' deals he was offering.

Then, the deals fell apart leaving his investors broke. 

Have you had any dealings with Frank Bluestein or another broker who lead you down a road that left you broke?  And, what should happen to someone who steers you into investments that collapse?

 

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Member Comments Total Comments: 91
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onebigfan
Nov 19, 2007 | 10:41 PM

I have known Ed *** for over ten years. His good name should only be associated with such things as The Rock of Gibraltar. He is an honest, hard working man. Perfect in each and every way. I think Frank Bluestein and that BMW are flying high on the hog. Frankly speaking I'm feeling Blue for anyone who had anything to do with Mr. Bluestein. Something tells me if you do some more research into Mr. Bluestein you may be surprised what you find.

wjhgolf
Nov 19, 2007 | 10:50 PM

Ed May is THE crook in this case, not Frank Bluestein. Ed May created these phony projects, not Frank Bluestein, who also invested significant amounts of his own money and lost, too. I invested in several of these projects and Ed May pulled the plug, cancelled the bank accounts and issued checks that were completely rubber! Ed May must be so far in debt and up to his ears in commitments to his cohorts in Las Vegas that, if they ever catch up to him, he may become another Jimmy Hoffa. If he is such a good, honest, hard working man, why would he have created this completely illegal and fraudulent scheme? How anyone involved in these projects could have anything positive to say about Ed May is beyond my comprehension. I am involved with several other positive investments via Frank Bluestein and Maximum Financial Group and they are all turning profits for me and I am pleased. This has been a nightmare, but I do not blame Frank Bluestein, and neither should you.

An Ed May Victim

SendEdnFrankToPrison read my blog
Nov 19, 2007 | 10:56 PM

Ed May AND Frank Bluestein are both the crooks. It doesn't matter who created these phony projects.

Ed May isn't in debt. Don't kid yourself. His money is hidden probably all over the world. Same with Frank.

Ed nor Frank are GOOD, HONEST MEN! They are crooks and I hope they rot in prison. You don't mess with the mafia (casinos).

Ed has been a criminal for over 30 years, it's a shame it took this long for him to be caught, not to mention with my money!

Do not kid yourself, that Frank is a "victim". It takes a few minutes to find out who Ed really is. Obviously he didn't do a background check, or didn't care, and sure as heck didn't care about his investors.

Frank is just as much to blame as Ed. Anyone thinking otherwise, needs to do their research, or talk to other investors because you don't have a clue, or you've been brainwashed into thinking that Frank is a god. PLEASE. He's a crook, and his family probably is too! Just like Ed's!

They are disgusting human beings and they will get their karma.

SendEdnFrankToPrison read my blog
Nov 19, 2007 | 10:59 PM

Thank you Rob for doing this report! Us victims appreciate it!

onebigfan
Nov 19, 2007 | 11:09 PM

wjhgolf
Hey wjhgolf are you Frank Bluestein? I have never lost a penny with Ed. Only made money. You cannot say that about Frank can you. I can about Ed.

wjhgolf
Nov 19, 2007 | 11:19 PM

onebigfan

NO, are you a relative of Ed or are you Ed? Why did you create another business to hide our money back in July, right when all the projects went south and the Ponzi Scheme was discovered? Yes, we know about the new business that was quietly created to shelter money just prior to filing for bankruptcy...coincidence...I don't think so! I do agree with EdnFrankToPrison on one point...Ed's ENTIRE family are crooked and they ALL should be behind bars!

SendEdnFrankToPrison read my blog
Nov 19, 2007 | 11:21 PM

onebigfan

It doesn't take a rocket scientist to realize that Ed May has been a crook, probably his whole life.

Denny McLain anyone?

wjhgolf
Nov 19, 2007 | 11:29 PM

You're right...Ed was involved with McLain...and if Ed May's investors are making SO much money (onebigfan), then Ed must be, too! Then, why would he have to file for bankruptcy and why would he attempt to hide his resources if he wasn't guilty?

Ya think...

wjhgolf
Nov 19, 2007 | 11:43 PM

onebigfan

One more thing...the fact of the matter is that ANYONE who invested in an Ed May phone project was a client and customer of Ed May's, NOT Frank Bluestein's or anyone else's. Our signed contracts were with E-M Management, Inc. - Ed May's company - and so, in answer to one of your earlier comments, I have LOST money with Ed May...NOT with Frank Bluestein!

emvictims
Nov 19, 2007 | 11:43 PM

Ed May created the scenario. It is true, Ed lost his law license around 1971. He is also the person who took Denny McClain (no Saint either) and other Tigers in 1968 for about $450k. This is the same Ed that flew to Japan with his office girl when things got real hot after the Tigers issue, law license and I'm sure others issues. Ed and his son Jeff also have failed businesses in Las Vegas with questionable people. Ed left a blood trail and should be hung out to try.

Frank Bluestein and his wife Mona charged investors the Fast Frank, Inc. fees to manage/process the paperwork. (Note: Most checks written to FF, Inc. where stamped for deposit to Frank Bluestein; a minor banking violation.) Frank and Ramona went to see the Las Vegas principles in Jan/Fed of 2007 to validate the deals. The fact is they did not manage the account or for that matter our investments. When it comes to FF, Inc. Frank will tell you to stay away from Charles G the 'real' owner of FF, Inc. as he will "take your house". All that said, even though Frank indicated he is no longer in the game, then why did he and Mona Bluestein create a new company. The web page of his new business contains client testimonials including one from a R. Smith. Might R. Smith be Ramona Bluestein's maiden name? Lets not overlook Gary Young, (that is right - Gary from Max. Financial who was released by GunnAllen) one of the principals who refers to Frank Julian as "the Doc". Yes, that is right, Frank is now know as Frank Julian in his new business. If you are wondering was that Gary Young, Tom Solomon, Fr

SendEdnFrankToPrison read my blog
Nov 19, 2007 | 11:47 PM

All I could do was laugh when I saw his website yesterday, and "Frank Julian".

It's scary and disgusting that all a person has to do is change their name, and they are an amazing person, who will make you money!

SendEdnFrankToPrison read my blog
Nov 19, 2007 | 11:50 PM

wjhgolf

You're wrong. If you were a client with Frank, and you had Ed Mays, you lost money with Ed AND Frank. Frank is not an innocent party, and it saddens me that you have Frank on a high horse.

Rob_Wolchek read my blog
Nov 19, 2007 | 11:56 PM

Ed May was apparently involved with Denny Mclain although I didn't report that in the story. I also found out that Ed's partner in Fast Frank Inc. has also had some criminal behavior in the past. These guys couldn't have pulled this off without a smooth talker like Frank. Furthermore, ss a licensed broker, Bluestein had a responsibility to guide his clients not only to safe investments but investments that matched the amount of risk they could afford. At the very least, these were extremely risky investments which should have only been offered to people with expendable money. The Bluestein clients I spoke with certainly didn't have money to burn.

galeanna
Nov 20, 2007 | 12:02 AM

Since we were investors in the program as well as my mother who is 80 yrs old, and all the name calling and blame throwing can't help...who do we contact for help? Who are the attorneys involved and which is the one we should be talking to?

SendEdnFrankToPrison read my blog
Nov 20, 2007 | 12:04 AM

Have you received notices in the mail, especially from attorneys? They have been sending them to everyone involved.

toypoodle read my blog
Nov 20, 2007 | 12:04 AM

Rob, i have lost money with 'brilliant' investors guys before. I'm glad you put this creep on tv and exposed him. What a crock that stuff about him reading the wall street journal as a kid. Sounds like a bs story coming from a guy full of it. You rock.

SendEdnFrankToPrison read my blog
Nov 20, 2007 | 12:05 AM

Toypoodle, did you file a lawsuit or ever get your money back?

It's amazing now that I've been a victim and all of the research that I've done, how often this goes on! It's scary.

aedvit
Nov 20, 2007 | 12:11 AM

It sounds to me like Ed May has been a crook for a long time. Too bad Frank didn't check him out before we all invested. For that Frank holds some blame. I have other investments with Frank and Max Financial and they are doing good. What's this about a new company? I'd like to check out the web page any know the web address?

SendEdnFrankToPrison read my blog
Nov 20, 2007 | 12:18 AM

Frank Bluestein AKA "Frank Julian"

http://www.freedomroadtrading.com/home

Look at the "About Us" section.

toypoodle read my blog
Nov 20, 2007 | 12:27 AM

The investments I lost on were legitimate, just lousy so there was nothing I could do. but just like the Frank guy, my investment pro sure didn't seem too bothered by the fact that I lost thousands of bucks on his crappy advice. I just looked at rob's story again and can't believe how arrogant and smug this Bluestien looks waving to the camera. Plus, I love his line 'i'm a victim too.' If he'd have done the job he was supposed to and researched the investments he wouldn't have recommended a bad deal. Why would Vegas casinos need investors for their phone systems anyway? Don't they do pretty well? this guy had to know they were fake,don't cha think?

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Rob_Wolchek

I am an investigative reporter in the Fox 2 Problem Solver Unit.

Member Since: 3/2/2007