MONTREAL – Investors will likely find out only next month the extent of the fraud allegedly committed by a Montreal financial planner who has gone missing.
Quebec’s securities regulator alleges between $30 million and $50 million is missing from accounts run by Earl Jones.
Jones has not been charged and there is no warrant out for his arrest.
He has been missing since last week, although a flight attendant reportedly saw him on a recent flight to Britain.
Quebec Superior Court has extended until July 29 the mandate of the accountant who is examining Jones’ assets.
If bankruptcy is declared that day, a meeting of creditors will likely be held in mid-August when the value of the assets will be divulged.
