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15 December 2009
Bankruptcy of small printer uncovers alleged ponzi scheme
TORONTO—A story in yesterday's National Post says that the bankruptcy of small Richmond Hill-based printer E Graphix Ltd may have uncovered an "elaborate trail of alleged fraud and deception."
The alleged fraud, which the court-appointed receiver has characterized as a Ponzi scheme, was reportedly built on a foundation of trust and a web of personal connections around Tzvi Erez. Read the whole story on the National Post site and stay with Print CAN for updates.
The alleged fraud, which the court-appointed receiver has characterized as a Ponzi scheme, was reportedly built on a foundation of trust and a web of personal connections around Tzvi Erez. Read the whole story on the National Post site and stay with Print CAN for updates.
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