Earl Jones sentenced to 11 years
Victims have yet to recover any of the money invested with Montreal fraudster
Earl Jones, the disgraced Montreal financier who pleaded guilty to defrauding investors in a $50-million Ponzi scheme, was sentenced Monday to 11 years in jail. "He can rot in hell," Bevan Jones said of his brother, who bilked him and more than 150 others in the investment fraud. The 11-year sentence was recommended by both prosecutors and Jones’s lawyers. So far, the Quebec government has been unable to recover any of the money handed over to Jones, which it says was never invested.
Get the Best of Maclean’s straight to your inbox.
Sign up for news, commentary and analysis. Join 60,000+ Canadian readers.