Canada Pursues Alleged Schemer

TORONTO—It seems the Canadian government is not so reluctant to let alleged Ponzi scheme mastermind Tzvi Erez off the hook.

Having dropped similar charges against Erez in September of 2010 because the province of Ontario did not have the resources to handle a lengthy fraud case, prosecutors have now laid fresh charges that say he swindled $9 million from investors via phony printing contracts, the Toronto Star reported.