Canada Won’t Charge Alleged Schemer

TORONTO—Tzvi Erez, owner of bankrupt print brokerage E Graphix and the man accused of defrauding 70 investors of $27 million through expertly forged documents in a Ponzi scheme, will not face prosecution in Canada, according to CBC News. The Ontario Crown Attorney's Office withdrew charges, in part, because the court says it lacks the resources to go after Erez.