Calgary Man Accused in $164 Million Investing Fraud

Calgary Man Accused of Running $164M Ponzi Scam Targeting More Than 1,000 Victims

The Calgary Courts Centre is seen in Calgary, on May 6, 2024. (The Canadian Press/Jeff McIntosh)

Calgary man charged over alleged $164-million Ponzi scheme that hit more than 1,000 investors

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High-flying Toronto accountant John Rosenthal declares bankruptcy. He was accused of stealing millions in a Ponzi scheme

John Rosenthal, a self-styled accountant to the financial stars of Toronto, has filed for bankruptcy, listing debts of nearly $19 million.

Calgary man charged in alleged $164M Ponzi scheme

RCMP have charged a 49-year-old Calgary man with fraud and money laundering in connection with an alleged $164-million Ponzi scheme.

Calgary man charged with fraud in alleged $164-million Ponzi scheme

Mounties have charged a Calgary man with defrauding 1,000 people of more than $164 million in what they're calling a multi-faceted Ponzi scheme.

Cochrane RCMP help crack alleged $164M Ponzi scheme

A Calgary man is facing fraud and money-laundering charges over an alleged $164-million Ponzi scheme involving more than 1,000 investors. CochraneNow/Lauren Meister .captiontext { font-size:90%;font-style: italic;margin-right:20px; } A Calgary man is facing fraud and money-laundering charges in connection with an alleged $164-million Ponzi scheme that police say affected more than 1,000 investors. RCMP says the alleged scheme operated through Bl…