Sentencing for Ponzi con man delayed so 200 victims can be contacted

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Sentencing for the con man behind one of Nova Scotia’s biggest ever securities frauds was delayed Thursday in Halifax provincial court. The Crown says it needs up to four months to contact the 200 victims of Quintin Sponagle to see if they want to make victim impact statements.

Ponzi scheme called Jabez Financial 

In December, Sponagle pleaded guilty to a single charge of fraud over $5,000 in connection to a Ponzi scheme called Jabez Financial he masterminded in 2006. As much as $4 million was taken from investors. Regulators said 137 victims were Nova Scotians. 

Read more at CBC News.

This article is summarized by Canadian Fraud News Inc.