The mystery surrounding Bertram Earl Jones: another financial scandal?

Thursday, January 01, 2009
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Bertram Earl Jones, 67-year-old, is the owner of the Montreal investment firm the Earl Jones Consultant and Administration Corporation, which started back in 1984. Strangely, Bertram Earl Jones is neither a licensed financial advisor nor even a financial planner, but he had managed assets for more than 20 years. He was also known for being a executor of wills, a management adviser and an estate planner. Until last month, Bertram Earl Jones was a well respected business man and community leader.

What went wrong?

Last month, several investors start complaining after they had stopped receiving payments from the Earl Jones Consultant and Administration Corporation.

Investors who had decided to invest their live saving with Bertram Earl Jones were promised, in return, a high interest return. One investor was receiving 12-per-cent interest until this year. For another one, it was 8-per-cent interest. Different cases, different promises. But all together, those investors are suffering from what appear to be a fraud on a massive scale.

Investors stopped receiving regular monthly payments. And some of them had to return to work. Others will probably need the help of food banks and other community services to survive.

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Posted by Tracey on 01/01/09 at 11:22 AM • (0) Comments

Tags: ponzi scheme, bertram earl jones, earl jones,