Tuesday, July 28, 2009
CBC News,
CBC News,
Earl Jones gets bail on fraud, theft charges
Montreal investment adviser Earl Jones was granted bail Tuesday after being formally charged with four counts each of fraud and theft in connection with four former clients. Quebec's securities regulator alleges Jones swindled at least 50 investors out of at least $30 million in a possible Ponzi scheme.
The Crown did not object to his release as long as Jones turned in his passport, was ordered not to leave the province and deposited $30,000 with the court.
Jones, 67, turned himself in to provincial police Monday after disappearing for about three weeks. He was arrested at his lawyer's Montreal office.
"He was not very happy; nobody would be under the circumstances," said Defence lawyer Jeffrey Boro, "and he was meeting this day with great trepidation."
The allegations against Jones have not been proven in court.
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Posted by Editor on 07/28/09 at 11:46 AM •
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