Wednesday, August 19, 2009

Accused Ponzi Scammer Earl Jones Declared Bankrupt

Earl Jones on July 27, 2009. Jones has been declared personally bankrupt by a Quebec court. THE CANADIAN PRESS/Graham Hughes/ file

From The Canadian Press:

MONTREAL — Accused Ponzi scammer Earl Jones has been declared personally bankrupt by a Quebec court.

But he doesn't appear to have much left worth protecting from the horde of creditors who want a piece of his assets. The embattled financial advisor is listed as having three condominiums, including two in Quebec.

Bankruptcy lawyer Neil Stein says he hopes to subpoena Jones soon.

Read more ....

Update: Earl Jones declared bankrupt: assets minimal -- CTV

My Comment: This bankruptcy ruling will close Earl Jones' financial obligations .... unfortunately, his legacy will last a lifetime for all of his victims.

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