Ponzi Schemes and Taxation


By:  Adam Aptowitzer In the flurry of economy-related stories over the past few years, perhaps one of the saddest items is the current situation of Earl Jones’s victims. Earl Jones, as most will recall, was a financial “adviser” in Montreal who swindled hundreds of victims over the past 20 or so years. For most of those years, the main swindle involved a Ponzi scheme — although in later years Jones convinced people (mostly elderly) to sell or mortgage their homes (and other property) and give…

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