MONTREAL - Dozens of mostly elderly Montreal residents gathered at a hotel today to swap tales of loss and betrayal.

Joined by their frantic families, they're among some 50 people believed to have lost millions of dollars in an alleged Ponzi scheme.

Local and provincial police were at the meeting gathering statements.

Quebec authorities have frozen the accounts of Montreal financial planner Earl Jones and are trying to locate him.

Jones has not been charged with any crime. A police investigation is underway.