Monday, July 13, 2009
Paul Delean, Canwest News Service,
Paul Delean, Canwest News Service,
Did Montreal’s Earl Jones ‘pull a Madoff’?
MONTREAL -- When a $300 cheque from West Island money manager Earl Jones bounced in June, Doris Babbington of Meaford, Ont., left a message on the answering machine of her longtime friend wondering whether he was "pulling a Bernie Madoff."
Jones has disappeared, an estimated $30 million to $50 million has vanished, and dozens of investors - including Babbington - are in shock after the discovery of what authorities are calling "a sizeable Ponzi scheme" that operated outside any regulatory framework.
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Posted by Editor on 07/13/09 at 07:17 AM •
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