The poker world is stunned by news of an so-called $70-million bank fraud scandal and Ponzi that is possible scheme well involving pro Bill Jordanou.
Just What would make a successful poker pro risk every thing by getting associated with a massive, multimillion dollar bank fraud and Ponzi scheme plot? That’s the question numerous are now asking regarding poker that is australian Bill Jordanou, whom is under research by Victoria authorities for his alleged role in a bank fraud that continued for years, according to reports.
While information on the reported Ponzi scheme are sparse, the $70 million bank fraud operation was reportedly carried away with Jordanou’s business partner, Robert Zaia, 45. The two presumably ensnared Zaia’s wealthy clients, via his accountancy firm Zaia Arthur & Associates, into an undetailed Ponzi scheme, while simultaneously forging bank documents to secure loans, often times in Zaia’s consumers’ names, that they then comingled with property and development loans they also received from the bank, for tasks that either never existed or were never ever started.
Bank Holds Victims Hostage
But the caper gets even crazier from here. The bank used for all these transactions was Australia’s largest: Commonwealth Bank. That bank is now keeping Zaia’s allegedly scammed clients hostage within the loans secured within their names, without their permission. Certainly one of these c Continue reading Poker Professional Bill Jordanou Stuns Australia with Alleged Bank Fraud