12_February 5, 2010 Fifth Estate Expose: Earl Jones and the Royal Bank of Canada - The True Story

Video Excerpt from Fifth Estate broadcast, Feb. 5, 2010 Earl Jones lived the life of luxury until July 2009 when he was declared bankrupt and arrested for operating a massive Ponzi scheme through the Royal Bank of Canada Beaconsfield Branch. After the fraud was exposed, his former clients obtained copies of their cheques to assist in the investigation. They discovered that Jones and/or his office staff had forged their signatures and cashed the cheques at the Beaconsfield Branch. This is called a forged double endorsement. Jones went to jail for eleven years for this crime. One would assume, if a victim of a forged double endorsement produced the cheque as evidence to the Royal Bank, their money would be reimbursed. NOT SO.... the Royal Bank rejected every claim, essentially blaming the victims for the Bank's negligence. With no where and no one to turn to, the victims asked for the assistance of Stein & Stein lawyers. Neil Stein joined forces with Robert Kugler and a