Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


10:29 AM
Connect Directly

Fraud Victims to Protest RBC with Christmas Carols

We'll show you a Holly Jolly Christmas, clients of Ponzi schemer Earl Jones threaten.

It may sound like cruel and unusual punishment, but Canadian investors who lost their savings in a Ponzi scheme operated by Earl Jones are pulling out the big guns: they're going to protest Royal Bank of Canada, which they believe was complicit in the scheme, by singing Christmas carols to the bank's CEO.

According to the Montreal Gazette, some victims of swindler Earl Jones, who was convicted for theft and fraud last February and is serving an 11-year jail sentence, plan to visit the Royal Bank of Canada's Toronto headquarters tomorrow. They will "serenade the CEO of the bank with Christmas carols and present him with a highly personal book outlining the havoc Jones's perfidy caused," the paper states. "While it is doubtful that RBC boss Gordon Nixon will be present when the victims arrive, the gesture is symbolic nonetheless, said an organizer." The victims are suing the bank, claiming that it was negligent in its administration of Jones' account.

Regardless of the outcome of the lawsuit, having to listen to a busload of irate investors sing such yuletime favorites as "Here We Come A-Wassailing" and "Hark the Herald Angels Sing" is sure to be tough.

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.