Tuesday, July 21, 2009

The Earl Jones Scandal -- News Updates July 21, 2009

Earl Jones, a 67-year-old West Island businessman and grandfather of three, is alleged to have orchestrated an elaborate Ponzi scheme that defrauded Montreal-area investors of between $50 million and $100 million. His whereabouts are unknown. Photograph by: Courtesy of Bevan Jones, The Gazette

Earl Jones's Wife Recorded Message For Investors -- The Montreal Gazette

Maxine Jones had to know what was going on, clients say.

MONTREAL - Despite claims from Earl Jones’s family members that they were “in the dark about his business activities,” Jones’s wife, Maxine, recorded a phone message to his clients saying: “The company is not in a position to remit your funds at this time. You will hear from them within 30 days. In the meantime, phone calls and mail cannot be answered.”

The message, recorded on July 10 and played to callers at Jones’s Dorval home, is similar to a phone message Earl Jones left for his clients at his Pointe Claire office around the time he disappeared.

Read more ....

More News On The Earl Jones Scandal

Jones investors want family to reveal advisor's location -- CTV
Ponzi scheme suspect's family express 'grief, shame' -- CBC
Wife and daughters of Earl Jones 'shocked,' 'devastated' -- Montreal Gazette
Earl Jones' family in shock, victims say, but ‘not lining up at food banks' -- Globe And Mail
Earl Jones clients call for arrest warrant -- Montreal Gazette
Investors wonder: Where's adviser Earl Jones? -- Toronto Star
We just hand them our money and shut our eyes -- Globe And Mail

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