The poker world is stunned by news of a alleged $70-million bank fraud scandal and Ponzi that is possible scheme well involving pro Bill Jordanou.
What would make a poker that is successful danger everything by getting involved in a massive, multimillion dollar bank fraud and Ponzi scheme plot? That is the question numerous are now asking regarding poker that is australian Bill Jordanou, whom is under investigation by Victoria authorities for his alleged role in a bank fraud that continued for years, in accordance with reports.
While details on the reported Ponzi scheme are sparse, the $70 million bank fraud procedure was reportedly carried out with Jordanou’s business partner, Robert Zaia, 45. The 2 allegedly ensnared Zaia’s wealthy clients, via their accountancy company Zaia Arthur & Associates, into an undetailed Ponzi scheme, while simultaneously forging bank papers to secure loans, oftentimes in Zaia’s clients’ names, that they then comingled with property and development loans in addition they received from the bank, for tasks that either never ever existed or were never started.
Bank Holds Victims Hostage
But the caper gets even crazier from here. The bank used for all these transactions was Australia’s biggest: Commonwealth Bank. That bank is now holding Zaia’s allegedly clients that are scammed within the loans secured inside their names, without their permission. Certainly one of these clien (more…)