Members of a Canadian family that run an offshore foundation which is under police investigation have taken over an Ecuadorean gold mining firm. It’s an attempt to prove their organization is not a Ponzi scheme and the family considers it a way to reimburse millions of dollars in missing investments, the Montreal Gazette reports.
About 1,000 Canadians, the majority from Quebec and Alberta, are unable to retrieve an estimated $65 million they invested on the advice of the Costa Ricabased Voyageur Foundation.
The organization – and many of the investment funds it flogged to Quebecers – are controlled by the Jarmans, a Canadian family originally from Port Alberni.
Attempts to have the Jarman family explain their backgrounds have been met with resistance, but biographical information online does not explain how these individuals developed the management expertise and formidable logistical skills required to manage 69 corporations and a $65-million “investment foundation.”
Voyageur founder Philip Jarman is a retired helicopter pilot; his daughter, Angela Jarman, is a former journalist with an undergraduate education degree and a certificate from a Baptist college, while Philip’s Toronto-based son, Jeff Jarman, worked as a helicopter mechanic.
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And there is probably more gold in the Jarman’s teeth than in the “mine”.
Jaj48@aol.com
