Thursday, July 30, 2009

The Earl Jones Fraud -- News Updates July 30, 2009

MONTREAL, QC.; JULY 29, 2009--Victims of the Mount Real - Norshield financial debacle, Jean-Claude Dussault and Janet Watson attended a rally outside the Superior court in Montreal, Qc. Wednesday, July 29, 2009. They want to publicize that Earl Jones, accused Tuesday of fraud and theft in a separate case, will probably get a relatively light sentence. Photograph by: Marcos Townsend, The Gazette

Jones Spent Clients' Money -- The Montreal Gazette

'Planes, Hotels'; Financial adviser, wife lived off $60,000 a month: accountant.

Earl Jones cut himself and his wife monthly cheques of several thousand dollars from the same account in which his clients' money was deposited, an accountant investigating Jones's business dealings said yesterday.

Between those cheques and a monthly credit card balance that regularly hit $50,000, the Joneses were living off $60,000 to $70,000 a month, accountant Gilles Robillard said.

"Plane tickets, meals, hotels," he said. "From the payments that were doled out to (his wife), she was the best-paid employee."

Read more ....

More News On The Earl Jones Fraud

Jones spent $70,000 a month: trustee
-- CBC
Earl Jones scared, may need protection, lawyer says -- CTV
Patience, realism necessary for victims of financial crime --
Jones Probe Finds Less Than C$100,000 Trustee Says -- Bloomberg

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