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Big Property Scam Alleged In Michigan

PONTIAC, MICH. (CN) - Doeren Mayhew & Co. aka Doren Mayhew defrauded 500 to 1,200 investors of $74 million to $450 million for ostensible property investments from 1998 until 2007, a class-action complaint claims in Oakland County Court.

Plaintiffs claim Ed May took their money by lying that several LLCs had contracts to install telecommunications equipment into hotels and casinos, and that May's partners or agents, defendants James O'Rilley and Tom Fox, participated in the frauds by "plac(ing) their respective wives in charge of bookkeeping of the LLCs formed by May."

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