Security was tight on the first day of a four-day auction Sunday to sell off belongings formerly owned by convicted swindler Earl Jones.
Empire Auctions who are conducting the sale said they have secured the site to ensure the former self-proclaimed financial advisor's victims do not disrupt the sale.
Victims arrived at the auction to see items sold off, like stemware which went for $400.
"The process of bankruptcy is working and hopefully any proceeds from today's sale will go into the trustee's account, and after paying fees, maybe there's something for the victims," said Joey Davis who is the son of a victim of Earl Jones.
On the auctioning block are items from Jones's former home in Dorval, including appliances, TVs, watches and paintings, the sum of which is not expected to fetch more than $20,000, said auction officials.
"If people are waiting for this to be compensated, I tell you, it's another reason to be sad. I feel plenty bad for the people who lost all that amount of money, and if they're pinning their hopes on an auction to raise money to get back, I wouldn't pin my hopes too much," said Abe Rogozinsky of Empire Industries.
The auction is being held at 5500 Pare St. and continues untilWednesday. For more details, click here.
Jones to be sentenced
Jones is due to be sentenced Feb. 15 after pleading guilty to two counts of fraud totalling roughly $50 million. The Crown and defence are both recommending an 11-year sentence.
Dozens of people, including many who had been clients of Jones for decades, lost their life savings in the massive fraud.
With files from The Canadian Press
