HALIFAX – Nova Scotia RCMP say a man accused of defrauding 179 investors of more than $4 million has been returned to the province to face charges after an investigation lasting more than five years.
The Mounties allege Quintin Earl Sponagle fled to Panama while being investigated for three counts of fraud exceeding $5,000 and one count of theft over $5,000 in connection with an alleged Ponzi scheme by Jabez Financial Services, a company he owned.
Police say Sponagle was extradited to Nova Scotia from Panama this week after an appeals process launched by the accused following his arrest in April 2013.
He has been in custody of Panamanian authorities since that time.
RCMP Insp. Glenn Lambe says the alleged victims, many of whom are from Nova Scotia, were devastated financially.
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