The poker world is stunned by news of an so-called $70-million bank fraud scandal and possible Ponzi scheme because well involving pro Bill Jordanou.
Exactly What would make a successful poker pro danger every thing through getting taking part in a massive, multimillion dollar bank fraud and Ponzi scheme plot? That’s the question many are now asking regarding Australian poker pro Bill Jordanou, whom is under research by Victoria authorities for his alleged role in a bank fraudulence that proceeded for years, in accordance with reports.
While details on the reported Ponzi scheme are sparse, the $70 million bank fraud procedure was reportedly carried away with Jordanou’s business partner, Robert Zaia, 45. The two presumably ensnared Zaia’s wealthy clients, via their accountancy company Zaia Arthur & Associates, into an undetailed Ponzi scheme, while simultaneously bank that is forging to secure loans, often times in Zaia’s clients’ names, that they then comingled with property and development loans additionally they received from the bank, for tasks that either never existed or were never started.
Bank Holds Victims Hostage
But the caper gets even crazier from right here. The bank employed for all these transactions was Australia’s biggest: Commonwealth Bank. That bank has become keeping Zaia’s allegedly clients that are scammed throughout the loans guaranteed inside their names, without their permission.