Earl Jones' company declared bankrupt

Earl Jones Consulting and Administration Corporation, belonging to Pointe Claire investment adviser Earl Jones, has been declared bankrupt by a Quebec court, clearing the way for a trustee to divulge the value of assets.
Alfred resident Denise Octeau-Tesher, and her daughter who landscaped for Jones, say they have lost as much as $100,000.
Quebec's securities regulator alleges Jones swindled about 50 investors out of at least $50 million in a possible Ponzi scheme.
Jones was granted bail on July 28 after being formally charged with four counts each of fraud and theft in connection with four former clients.
Jones, 67, turned himself in to provincial police on July 27. He was arrested at his lawyer's Montreal office.