The Canadian Press

2010-02-15 | CRIME Earl Jones Sentencing

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Former Montreal financial adviser Earl Jones was sentenced February 15th to 11 years in prison, after pleading guilty to two fraud charges related to his 50 million dollar Ponzi scheme. The 67-year-old pleaded guilty in January to running a pyramid scheme that lasted more than 20 years. Ginny Nelles, one of Jones' victims, said those who were swindled lost more than just money. (The case against Jones revealed he never invested a penny of his former client's savings and used it to finance a lavish lifestyle.)

Date: 2010-02-15
Placeline: MONTREAL, Quebec.
Source: The Canadian Press
Length: 16 seconds

Transcript Prediction: << and today he was financially ruined not only my family but those of his former clients stolen our security stolen our retirement and he has stolen our peace of mind >>


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