Friday, December 4, 2009

Earl Jones Condo For Sale

Photo: Kevin Curren, son of one of the victims of alleged Ponzi schemer Earl Jones, speaks to reporters in front of Jones's Dorval condo in September. (Ryan Remiorz/Canadian Press)

From The Montreal Gazette:

The luxurious Montreal-area condo once belonging to disgraced financier Earl Jones is officially on the market.

Jones is out on bail after being charged with fraud. Quebec’s securities regulator alleges he swindled at least 50 investors out of at least $30 million in a Ponzi scheme.

The condo Jones shared with his wife Maxine in the suburb of Dorval was seized by bankruptcy trustee RSM Richter in September.

The asking price for the lakeside condo in Dorval is $925,000.

Read more ....

My Comment: The article does not say it, but by positioning herself as the number #1 creditor, she is now entitled to a portion of the proceeds from the sale. Is this wrong .... you betcha .... but I doubt that she cares and is only trying her best to grab what she can.

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