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flag Toronto accountant John Rosenthal allegedly ran a $2024 Ponzi scheme, defrauding investors with fake real estate deals and false excuses.

flag Toronto accountant John Rosenthal is accused of running a Ponzi scheme from 2024 that defrauded dozens of investors of millions, using fabricated real estate investments and false promises. flag As promised returns stopped, Rosenthal and partner Mark Zaretsky cited illness, cyberattacks, and fraud to explain bounced cheques. flag Victims, including longtime friends and professionals, discovered their funds were lost when new investments slowed, collapsing the scheme. flag Multiple lawsuits followed, with claims of betrayal and financial loss, highlighting how trust and reputation were exploited in the fraud.

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