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To: Nostradameus who wrote (169670)7/13/2009 11:19:56 PM
From: Rocket Red  Respond to of 312878
 
will see in a few days



To: Nostradameus who wrote (169670)7/13/2009 11:27:40 PM
From: Rocket Red  Respond to of 312878
 
Search on for alleged Canadian Ponzi schemer

Quebec's securities regulator has frozen the accounts of Montreal financial planner Bertram Earl Jones, who might have bilked investors out of $30-$50 million.
By Tobi Cohen, THE CANADIAN PRESS
July 13, 2009

MONTREAL - Bounced retirement home cheques. Tens of thousands in unpaid income taxes. Hundreds of thousands of dollars in possibly lost life savings.

These are the stories and allegations that poured out of the mostly elderly men and women who packed a west Montreal hotel conference room Sunday to swap tales of feared loss and betrayal — and to get answers to their many questions.

Joined by their frantic families, they're among some 50 people — most in Montreal but also elsewhere in Canada, the United States and Europe — who may have lost millions in what Quebec's securities regulator alleges has all the appearances of a Ponzi scheme.

"I can't see, I can't hear much and I'm 94 so it's not the easiest thing in the world," said Nancy Jean Rollinson, who trusted her savings to the man authorities allege is behind it, Montreal financial planner Bertram Earl Jones.

"He's the executor of my will ... I'm in a bad way," she said before the meeting.

Andre Thiem said the whole thing comes as a shock as Jones had been "like an uncle" to him since 1965.

His 74-year-old mother Ruth had "scrimped and saved every penny" during her 35 years with Avon and had some $200,000 invested with Jones, he said.

* Tell us: How do you know if you can trust your money manager?

"Now it's all gone so I'm just worried about her health," he said, noting she hasn't eaten or slept in days.

Local and provincial police attended the meeting to gather statements but Montreal police spokesman Andre Leclerc said the police investigation in the matter is in its infancy.

The whereabouts of Jones remains unknown. He has not been charged with any crime and the allegations against him have not been proven. However, the province's securities regulator froze his accounts and those of his company last week.

The Autorité des marchés financiers peg the amount of money missing at between $30 million and $50 million and say Jones did not have proper credentials.

Efforts are underway to figure out what happened to the money and to redistribute anything that might be left to the victims, said bankruptcy lawyer Neil Stein who attended the meeting.

Stein represents one of the victims who have filed bankruptcy proceedings against Jones' company Earl Jones Consultant and Administration Corp.



To: Nostradameus who wrote (169670)7/14/2009 3:21:19 AM
From: TheBusDriver1 Recommendation  Respond to of 312878
 
>Holes and financing.

I don't understand. This is how it has been ever since I started playing jr golds back in the 80's. This isn't new the game is the same as it has always been for jrs.

Without holes they will not get financing....for the experienced bozos we know this...That is why you trade them...ok daytraders are making swing/momo trading a pain the ass right enough....but that has always been the case as well...

I know you have been around for a long time....just thought it was funny that you are annoyed....EVG should be a good jr. that might be tradeable....I laid in the grass at .45 for over a week to get my shares and two days later it is halted with this news....just lucky I figure.

When you get a good one, and EVG looks like a good one, keep a core position and play the news/momno.....

BTW, Thanks to TSL for poking me often enough I got off my backside and had a good look at it.

Wayne