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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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 Posted: Tue Nov 16, 2010 9:01 pm Post subject: |
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| mises wrote: |
| Quote: |
Accused Ponzi schemer won't be prosecuted
Nicholas Stein, CBC News
The Ontario Crown Attorney's Office withdrew criminal charges against a Toronto man accused of operating a multimillion-dollar Ponzi scheme partly because the court lacks resources, CBC News has learned.
According to a report filed by a court-appointed receiver, Tzvi Erez, 43, used a series of expertly forged documents to defraud more than 70 investors of $27 million.
But in an email from Crown attorney Christine McGoey obtained by CBC News, the Crown said one of the reasons it decided not to pursue the case was because of the competition over trial time.
"There are very serious criminal matters competing for limited trial time, with cases being stayed because of delay," wrote McGoey. "And we have to consider the impact of any delay that might occur throughout the process and the variety of factors that are taken into account in assessing which cases will go to trial before others."
In June 2009, Erez was charged by Toronto police with one count of fraud over $5,000, seven counts of forgery and one count of violating his probation on a prior fraud conviction. The charges were based on evidence provided by one of Erez's alleged victims, Willy Tencer.
According to a Sept. 30 memo written by Tencer's lawyer, Lou Brzezinski, assistant Crown attorney Donna Gillespie told him the charges were dropped "because the courts were tied up with more serious criminal matters [such as rape and murder]."
Brzezinski, whose client invested more than $1.2 million with Erez, claimed Gillespie said that "court time and availability of judges were insufficient � and as a result, hard choices had to be made."
Gillespie did not respond to requests for an interview. Ontario Attorney General Chris Bentley also declined to be interviewed. |
http://www.cbc.ca/money/story/2010/11/15/tzvi-erez.html?ref=rss#ixzz15PMx6K6j
Has the RCMP and CSIS no financial crimes division? I guess I know where I should set up my fund. |
Yes the RCMP does have such a division called the Financial Crimes Program...that's not the problem here, it's the "court time and availability of judges" that is. |
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recessiontime
Joined: 21 Jun 2010
Location: Got avatar privileges nyahahaha
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| Posted: Tue Nov 16, 2010 9:29 pm Post subject: |
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| it really blows me away that in Canada you can openly admit that police & the courts are too busy to deal with fraud. That really is something. |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Thu Nov 18, 2010 9:13 pm Post subject: |
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| recessiontime wrote: |
| it really blows me away that in Canada you can openly admit that police & the courts are too busy to deal with fraud. That really is something. |
That's because there's a massive backlog of cases...7000 civil cases in Toronto alone...and that's just the CIVIL ones.
But then again there's not too many developed countries where that isn't the case. |
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