Robert Mander was a trusted financial adviser who convinced dozens of previously wealthy Ontarians to invest in a complicated scheme that promised to pay a 25% return. Last week suspicious investors went to court to force Mander and his company E.M.B. Capital Growth Corp to repay more than $16 million. Mander was not in court and police were called to Mander's home where they found his body.
There are other investors and total losses will be much greater. Madoff, Earl Jones, Stanford, Mander .... How many other Ponzi schemes are remaining to be discovered? Investors should check the credentials of their adviser and if he is not registered with the regulators they should do some further investigation to ensure their investments are safe. It is no longer enough to trust your adviser. Pay attention to the Mander story being revealed now on CBC TV.
Wednesday, March 24, 2010
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