A Quebec Court orders the disgraced investment adviser to stay in the province, stay away from managing money
Earl Jones, the Montreal investment adviser accused of running an elaborate ponzi scheme, was released by a Quebec court on $30,000 bail on Tuesday. Jones’s bail conditions forbid him from leaving the province or contacting any of his former clients. And in case anyone he happens to stumble upon someone who’s still unfamiliar with his story, Jones has also been barred from managing anyone’s money. The 67-year-old financial guru is facing four charges of fraud over $5,000 and four others of theft over $5,000. The fraud charges alone carry a maximum penalty of up to 14 years in prison. Jones is due back in court Sept. 28.