- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2022-10-12T19:50:00
The former chief compliance officer and comptroller at Executive Compensation Planners (ECP), a New York-based investment adviser and financial planning firm, was sentenced Tuesday to more than six years in prison for her role in a Ponzi scheme that defrauded clients of more than $11 million.
Vania May Bell pleaded guilty in March to one count of conspiracy to commit wire fraud for helping her father, Hector May, the former president of ECP, with executing the scheme. She was ordered by the U.S. District Court for the Southern District of New York to pay more than $8 million in restitution and forfeit $589,942.
May pleaded guilty in December 2018 to conspiracy to commit wire fraud and investment adviser fraud and was sentenced in July 2019 to serve 13 years in prison.
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Vania May Bell, the former chief compliance officer and controller of Executive Compensation Planners, pleaded guilty for participating in a Ponzi scheme with her father that defrauded clients out of more than $11 million.
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