Tuesday, July 14, 2009
Pav Jordan, Reuters,
Pav Jordan, Reuters,
Canada investment adviser, Bertram Earl Jones, accused of Ponzi scheme
The alleged scam was discovered only last Wednesday, after investors alerted authorities that checks were bouncing and Earl Jones was not answering his phone or his e-mails.
Bertram Earl Jones, who won clients through word of mouth and was not registered with securities authorities, allegedly swindled investors out of as much as C$50 million ($43.5 million), according to one of Canada's top securities regulators, Quebec's Autorite Des Marches Financiers.
The allegations have not yet been proven in a court of law.
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Posted by Editor on 07/14/09 at 07:08 AM •
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