Never Enough: The Remarkable Frauds of Julius Melnitzer
Never Enough: The Remarkable Frauds of Julius Melnitzer, is about the London, Ontario, lawyer who committed the largest-ever Canadian bank fraud by an individual. Sold nearly 3,000 hardcover copies. Published 1993 by Stoddart Publishing, Toronto, Ont.
Hardcover. Long out of print.
Julius Melnitzer was a very successful and wealthy lawyer in London, Ontario. His ethics were beyond reproach. But as an investor of other people’s money, it was a different story. He spun a web of lies and used fraud and forgery on a scale unparalleled in Canadian banking history to defraud banks and investors out of more than $67 million.
He was about to reap another $33 million when he was finally tripped up by a careful banker simply doing his due diligence and not blinded by Melnitzer’s apparent successes.
It turns out that Melnitzer was running a Ponzi scheme, one in which early investors were paid handsome returns, funded by money from later investors. Such schemes invariably collapse.
A successful lawyer at his office.
Avoiding the press …
… and running from the cameras
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