Ponzi schemes cannot be prosecuted because courts do not have the resources?
After seeing the giant ponzi schemes that have rocked the wold economy, we are seeing countless cases come into the "lime light" in Canada now. But the "white collar" criminals are not being prosecuted!
In the recent case of Tzvi Erez, the Canadian government had enough evidence to charge the man with one count of fraud over $5,000, seven counts of forgery and one count of violating his probation on a prior fraud conviction.
Tzvi Erez used a series of expertly forged documents to defraud more than 70 investors (mostly from the Jewish community in Toronto) of $27 million dollars.
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The report, however, quotes a court-appointed official as saying there were no large orders, and that between Jan. 25, 2007 and Feb. 17, 2009, $38.9-million went through eight different bank accounts in Canada that belonged to Tzvi or one of his companies.
The case has now been dropped against Tzvi Erez because the the Crown Attorney's Office and the court system lacks resources.
They are saying that they do not have the resources to prosecute these "white collar" criminals, but the court system can spend $105 million to put serial killer Robert Pickton behind bars. The federal government can spend 16 billion on new fighter jets, 9 billion on new jails, 100 million on the war in Afghanistan, and 20 billion on the G20 summit in Toronto.
It does not make sense. Or does it?
Canada is now the sixth most corrupt country in the world. Source
So is it really surprising that they are not prosecuting any of the criminals that are helping them to gain more control over the people? The more ponzi schemes or whatever else they can cook up, the better. The more the people lose, the more the elite gain.
Not to mention that the fear of these schemes will bring more laws and regulations to prevent them from happening any more. Unfortunately this will only come after they have got what they can and move on to the next scheme. And the average Joe will feel more of the effects from these laws then any of the criminals.
This game has been going on for hundreds of years, and is now getting to a point where there is very little that the elites do not control.
We need to get out of this corrupt banking system before it is way to late (if it is not to late already). If we continue at this accelerated pace of economic tyranny all will be lost forever!
"Canada is now the 6th most corrupt country in the world" is incorrect. If you read the article you used as a source, the information actually states that Canada is the 6th LEAST corrupt country in the world. I just wanted to make sure you had credible sources and accurate information.
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