The poker world is stunned by news of an alleged $70-million bank fraud scandal and Ponzi that is possible scheme well involving pro Bill Jordanou.
Just What would make a successful poker pro danger every thing by getting associated with a massive, multimillion dollar bank fraud and Ponzi scheme plot? That’s the question many are now asking regarding poker that is australian Bill Jordanou, who is under research by Victoria authorities for his alleged role in a bank fraud that went on for years, based on reports.
While information 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 presumably ensnared Zaia’s wealthy clients, via his accountancy firm Zaia Arthur & Associates, into an undetailed Ponzi scheme, while simultaneously forging bank documents to secure loans, at times in Zaia’s consumers’ names, which they then comingled with property and development loans they also received from the bank, for tasks that either never ever existed or had been never ever started.
Bank Holds Victims Hostage
But the caper gets even crazier from here. The bank employed for all these transactions was Australia’s largest: Commonwealth Bank. That bank is now holding Zaia’s allegedly clients that are scammed on the loans secured inside their names, without their permission. Certainly one of these clients […]