Year In Review : 2011 - Year of the Felony

Canada had a difficult time trying to figure out how to handle alleged Ponzi schemer Tzvi Erez, the owner of print brokerage E Graphix who was accused of defrauding 70 investors of $27 million. At first, the Ontario Crown Attorney’s Office withdrew the charges in part because the court “lacked the resources to go after Erez.” But a new set of charges were filed in October, claiming Erez stole $9 million from investors through phony printing contracts. He was due back in court this month.