Wife of Earl Jones files for divorce
Published Tuesday, October 27, 2009 6:06PM EDT
Earl Jones's problems are now not only legal, they're also personal; the self-proclaimed financial planner's wife, Maxine, is filing for divorce.
The issue is raising concern among his former clients who worry what may happen to his assets.
About $1 million in equity remains, after trustees sell 67-year-old Jones's three homes, despite heavy mortgages on each of the properties.
While Quebec law prevents public reports on how much Maxine Jones is seeking in the proceedings, standard practice in the province is to divide assets down the middle.
"It makes me feel very angry because Earl Jones used the money that was in trust at the Royal Bank as his own little piggy bank, so Maxine and the whole family has been living off my money and the 160 victims in the Earl Jones case," said Ginny Nelles, who claims her mother lost her life savings after investing with Jones.
The lawyer defending those who say they were swindled by Jones is fighting to keep all the assets for his clients.
"Our position is that the assets which Mrs. Jones pretends forms part of the family patrimony were in effect acquired from funds which belonged to the victims, and as a result of that these assets rightfully belong to the creditors or victims," said attorney Neil Stein.
Jones is currently charged with defrauding four people, though at least 161 people claim they have lost money.
Police are investigating each claim, which may result in new charges.
He returns to court on December 4.