Study Reveals the Pain of Investment Fraud

What keeps many from protecting themselves from this pain is the persistent, hardwired belief that such tragedy will never happen to them.

A group of seven senior citizens calling themselves the Earl Jones Fraud Assistance Information and Assistance Service has studied the impact of investment fraud on the victims.  (Earl Jones is the Montreal businessman sentence to 11 years in prison for running a decade-long Ponzi scheme which robbed more than 180 victims of more than $45 million).  Funded by the Quebec Ministry for the Elderly, the study shows the painful human toll that investment scams take from those who lose their life savings to those scams.  Covering the study for, Ian Howarth writes: (more…)

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