The poker world is stunned by news of an so-called $70-million bank fraud scandal and Ponzi that is possible scheme well involving pro Bill Jordanou.
What would make a successful poker pro danger everything through getting involved with a massive, multimillion dollar bank fraud and Ponzi scheme plot? That’s the question many are now asking regarding poker that is australian Bill Jordanou, who is under research by Victoria police for his alleged role in a bank fraudulence that continued for years, based on reports.
While information on the reported Ponzi scheme are sparse, the $70 million bank fraud operation was reportedly carried away with Jordanou’s business partner, Robert Zaia, 45. The two allegedly ensnared Zaia’s wealthy clients, via their accountancy company Zaia Arthur & Associates, into an undetailed Ponzi scheme, while simultaneously forging bank documents to secure loans, oftentimes in Zaia’s clients’ names, which they then comingled with property and development loans they also received from the bank, for tasks that either never existed or had been never started.
Bank Holds Victims Hostage
But the caper gets even crazier from here. The bank employed for all these transactions was Australia’s largest: Commonwealth Bank. That bank has become holding Zaia’s allegedly scammed customers hostage within the loans secured within their names, without their permission. One of these clients that are Continue reading Poker Pro Bill Jordanou Stuns Australia with Alleged Bank Fraud