The poker world is stunned by news of a alleged $70-million bank fraud scandal and possible Ponzi scheme because well involving pro Bill Jordanou.
Just What would make a poker that is successful risk every thing by getting tangled up in a massive, multimillion dollar bank fraud and Ponzi scheme plot? That’s the question many are now asking regarding Australian poker pro Bill Jordanou, who is under research by Victoria authorities for his so-called role in a bank fraud that went on for years, in accordance with reports.
While information on the reported Ponzi scheme are sparse, the $70 million bank fraud operation was reportedly carried away 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 bank that is forging to secure loans, oftentimes in Zaia’s consumers’ names, that they then comingled with home and development loans in addition they received from the bank, for tasks that either never existed or had been never ever 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 currently holding Zaia’s allegedly scammed customers hostage on the loans guaranteed in their names, without their permission. Certainly one of these Read More