MONTAUK - An East End hotel owner could spend five years behind bars for allegedly being involved in one of the largest investment frauds in Long Island history. 

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Adam Manson pleaded guilty yesterday for his role in a $96 million Ponzi scheme.

The FBI say Manson and his brother-in-law siphoned money from 40 investors, including $600,000 from the Montauk Volunteer Fire Department.
The duo bought the Panoramic View hotel in Montauk and luxury cars and homes in Westhampton and Old Westbury.