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Rob_Wolchek's Blog

by Rob_Wolchek from Southfield

Last Post 11 days, 11 hours Ago


Today he's on the web...last week he was in the Hall of Shame!  Imagine my surprise when I discovered Frankie Blue, the big shot broker who had his investors put their money into businesses that are now suspected of being totally bogus, showed up on the web with a new name and a new 'stock picking' business. 

Can't say I'd trust the "hot picks" of a guy who seems to have lost his business, his credibility, many of his friends and certainly a lot of people's money.  I guess maybe Frank Bluestein is just wired differently than me.

 

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Member Comments Total Comments: 49
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car7858 read my blog view my photos
Nov 28, 2007 | 9:42 PM

Once a scammer, always a scammer; Let's see how really lucrative his new business pays off for his victims-I mean customers. He's wired alright and hopefully Rob is the one to short-circuit Frank Bluestein before his next flock of victims are cheated.

toypoodle read my blog
Nov 29, 2007 | 12:29 AM

I can't understand how the guy could lie right to Robs face. Don't these people have any morals at all!? Bluestien must be living in another world. Another good story.

Tallmanok2 read my blog view my photos
Nov 29, 2007 | 4:16 AM

Rob,

If he's back at it can he be arrested? I guess when you have gone so low as to rip everyone off, like he has, there really isn't to much lower you can go.

DOL1959 read my blog
Nov 29, 2007 | 8:48 AM

GREAT Story! The sad part of the whole thing is even if he is being brought up on charges, how many more people will he take advantage of and some might even lose their life savings because they do not know what a scammer he is, they may not have seen Rob's story before he ever gets into court.

Scammers have no morals!!! They can move from city to city, town to town taking advantage of people without losing a minute of sleep.

mokachino
Nov 29, 2007 | 10:03 AM

Rob,

Thank you for at least attempting to interview the REAL CULPRIT in this case - ED MAY - remember, it was HE who created the bogus deals that Frank sold, your earlier report slanted the majority of the blame toward Frank, the real blame lies with ED MAY 85%, Frank 15%, since Frank only sold the deals that ED cvreated and managed. I would like to see ED driving his car and ED's home - not just Frank's. Yes, I am an investor and I have lost plenty in these deals. Frank had an obligation to investigate the deals to verify legitimacy, this he did not do and for that he needs to be held partly accountable for our losses, but it was ED who first began these deals and HE who managed them. Let's see more on EDWARD PAUL MAY.

Anothervictim
Nov 29, 2007 | 11:31 AM

Thank you Rob for exposing the blatant lies that Frank is using. I still hear people who actually believe that Frank knew nothing about the "phone deal" scam, and how he would like to make the victims "whole" again. Hah! I heard he was actually part owner of "E-M Management" who issued the checks!

Frank had the fiduciary duty to his investors (and he charged $1000 for each deal they bought) to KNOW what they were buying and to advise them appropriately.

Frank and Ed are BOTH 100% guilty of defrauding investors and stealing their life savings!

Thank you Rob for your coverage and exposing these crooks who are still at large, and still preying on new victims!

cheffgray944
Nov 29, 2007 | 12:05 PM

Rob, we, the victims, appreciate everything you are doing, and will do, to continue to expose these rotten men for what they are. So many of us have lost everything we have worked so hard for all these years. We only hope no one else will go through the tremendous pain we have and be scammed by these two. With your efforts they will hopefully be put behind bars to rot for a very long time. No one else has given this terrible story the publicity you and FOX 2 has. Infact, we know the other Detroit stations would not even listen! Shame on them! Everyone involved should be very glad that someone finally stepped up to the plate and got the story told. Maybe the "Big Powers" that be will continue to watch and act on this. Thanks again !!

lhouse
Nov 29, 2007 | 2:47 PM

Rob, I hope Franky Blue has as many sleepless nights as we have since we found out about what a scam we are involved in. I was wondering what about John his partner? He did all the paperwork after Frank sold his scam to us. And if any one went to Frank's big birthday bash? How do you feel now? Please let us know what we can do to help expose him for the fraud he is?

cheffgray944
Nov 29, 2007 | 5:33 PM

Let's not forget about Tiffany, Tom Solomon,Gary Young and all the rest of the "pack" As far as the Birthday Bash, well, we all should have taken home doggie bags for several months to get us through when our checks stopped coming !! Sure would like the birthday gift back that we gave him. Man, what a waste of money that was.

cheffgray944
Nov 29, 2007 | 5:49 PM

lhouse you asked what you can do to expose Frank? Well, we need EVERYONE to go on this blog, and to go on camera and tell your story. If we don't all do this we will loose this wonderful publicity that will help us finally get Frank and Ed in jail. Email Rob at Fox 2 and do your part . . please. I have !!!

localgal
Nov 29, 2007 | 7:17 PM

Seeing this story just makes me want to cry for everyone I care about I have several family members suffering dearly for what Frank and Ed May pulled. Frank is shown to be practicing without a license can't they start slapping charges on him from that and go from there? I don't see him or Ed May having to live off Ramen noodles for dinner just split up there assests to pay back their clients. You know he profited when he paid for his new ride in CASH, untracable huh?

sfreeland read my blog
Nov 29, 2007 | 10:16 PM

Thanks again Ron!
I guess the decision is in concerning the choice of competency or honesty I made to you and your audience on air (Ed May Charged with Securities Fraud). I told you that day that my dealings were Frank Bluestein concerning Ed May Phone Deals.
Frank Julian/Frank Bluestein should be controlled/confined, when charges are brought up (which I have filed complaints with police, FBI, SEC, and MI Attorney General). The facts in this case seem too overwhelming to me for Frank Julian/Frank Bluestein/Ed May to still be operating, however, I am not a lawyer or court official. My real sadness is that they most likely will not get long and will be out on the streets pawning swamp land like the original “Ponzi” looking for new victims.
When I met Frank Bluestein he portrayed a legitimate representative of Gunn Allen Financial. How could have Gunn Allen ever let a guy like this represent them?
Scott

victimofscam
Nov 30, 2007 | 5:26 AM

There's been a lot of new assets that Frankie Blue and company have acquired in the last 4 years. The new BMW, the 2 Waterford buildings and Plymouth office, the Florida condo, the Tennessee developments, the Milford estate and more.
Pray that the FBI will trace the movement of funds from FF Inc's bank accout that were laundered into these tangible assets.

paislypast
Nov 30, 2007 | 6:28 AM

Rob...Keep the Frankie B story alive. You have the power to stop this scam artist!!!! Be our voice Rob!!!

Rob_Wolchek read my blog
Nov 30, 2007 | 2:27 PM

I looked on the Freedom Road website and the video of Frank is no longer there. Anybody know anything about the other partners on the Freedom Road website? One of them is apparently a guy in Tennessee. The other, a ex-GM worker. Their bios don't really appear to to be thick with investment backgrounds...

clifforfrank
Nov 30, 2007 | 5:44 PM

Gary Young sorted and mailed Ed May checks, cared for the suite at the palace, cared for the car wash down the street from the office,
traveled with Frank to CA for new sales for new clients, and also handled the meetings at the hotels.

localgal
Nov 30, 2007 | 6:00 PM

just curious but has anyone been watching frank on his "out of town" trips, thats where you'll find the money trail. Thanks Rob for doing everything possible to help all parties involved, keep it up hopefully something good will come of all this.

car7858 read my blog view my photos
Dec 1, 2007 | 2:59 PM

I'm sure Frank has his "assets" locked away in off shore or foreign accounts so the people he has screwed over in America can't get their hands on it. What goes around comes around and karma will play a big role in Frank Bluestein's future-He will rip off the wrong person & they will deal with him on their terms. He better wish for a lengthy prison stay & even then, he isn't untouchable by those he cheated and lied to. Have a nice life, Frank Jullian Bluestein, whatever!

Rob_Wolchek read my blog
Dec 3, 2007 | 2:33 PM

I understand Judge Sosnick ruled against Frank Bluestein and he'll have to go to arbitration. That should be good news for the investors.

franknedrliers
Dec 4, 2007 | 3:32 PM

Ed May developed the deals,Frank helped him sell them...The numbers I understand are Frank 80% sales-Ed May 20%....No one will ever convince me that this was a one man job....If it is true that Frank was part owner of EM-Management than I am also not convinced that Ed acted alone in constructing these deals....
I believe that all the immediate family and close friends at maximum financial knew what was going on....Nathan, Franks son is a licensed broker who knew all about the Ed May deals and also promoted them....He too should be held responsible for not reporting the sale of these investments to the SEC...Ramona Smith Bluestein wasn't shy when it came to encouraging investors to buy them...I recieved several phone calls from her letting me know when the newest deals came in and I was asked by her how many I wanted to buy....John Morton is Nathan's uncle...He has been Frank's side kick for years...He helped Frank screw his own sister ( Nathan's mother ) out of Franks assets by helping him hide them when they got divorced...Tiffany the daughter Frank repeatedly put down and can't stand; for what ever reason stood by him while he helped swindle investors out of their money...Gary Young is another Frank groupie who hangs on to his coat tails hoping I'm sure for a cut of wealth pie for himself....Ramona wasn't shy about making it a family affair...Both her kids work for Frank and Frank rewarded her daughter with a $250,000 dollar house; right down the street from his own...They are all a bunch of shysters!!!!

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Rob_Wolchek

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

Member Since: 3/2/2007