Friday, July 31, 2009

Barry Wilson Reflects On The Earl Jones Scandal

Earl Jones is hustled into a car before leaving the Montreal courthouse yesterday. He reportedly looked at no one but the judge during his arraignment. Photograph by: PHIL CARPENTER, THE GAZETTE, The Gazette

From CTV:

Earl Jones' monthly spending: $70,000

Earl Jones' bail: $30,000

The cost in anguish to his friends and clients: Incalculable.

You know it's not right. Thirty-thousand dollars for a get-out-of-jail card... that's peanuts. Bail for Bernard Madoff was $10 million.

It's even more insulting to the people who lost their savings to hear that Jones spent more in a month than most people make in a year.

Wining, dining, and travelling. The best hotels. How can you spend $70,000 in a month?

What's worse, we found out this week that Jones saw it coming.

He cashed in all of his personal investments last January while his clients were left in the dark waiting and wondering.

The fox, it seems indeed, was in the henhouse.

Read more ....

More News On Earl Jones

Accountant: Little left in Earl Jones accounts --
Who is Earl Jones? -- Global TV
No wheels for Earl Jones -- CJAD
Jones saw firm's collapse coming -- Globe And Mail

No comments: