Fraudster Earl Jones is being released from prison today after serving one-third of his 11-year sentence for orchestrating a massive pyramid scheme.

Joey Davis, whose mother was bilked of $200,000, says a Corrections Canada official called him to say Jones would be released this afternoon.

Read: Earl Jones isn’t one of you

Jones pleaded guilty to running a pyramid scheme that started in 1982 and targeted more than 1,500 victims, including several close friends and relatives.

The $50-million scam cost many people their entire life savings.

Davis says he was informed that Jones qualified for an accelerated release plan.

Read: RBC offers $17 million to Earl Jones victims

Jones was eligible to apply for parole after serving one-sixth of his sentence and has actually spent more than four years behind bars.

A judge handed down the 11-year-sentence in February 2010.

Davis said both he and his mother were surprised to learn that Jones would be released in the Montreal area, but notes he still has to report to a parole officer once a week.

Originally published on Advisor.ca
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This is a classic and blunt example of the miscarriage of justice. His victims, average consumers, incl. seniors, continue to suffer the penalty for his actions. He, on the other hand, is rewarded with an early release after only serving a fraction of his sentence.

Meanwhile, “back at the ranch”, “aspiring” politicos wanting to appear politically correct introduce legislative proposals to punish conscientious advisors and consumers at large with added costs to pay for added confusion and frustration with yet another layer of regulatory bureaucracy (Ontario Bill 157).

Well here’s one suitable definition for political correctness – a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by unscrupulous commercial media, which holds forth the proposition that it is entirely possible to pick up a piece of bovine dung by the clean end…

Thursday, March 20 @ 7:18 pm //////

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