Ontario lawyer suspended during probe of alleged $25M Ponzi scheme

Masterson said she “began having concerns about the investment scheme in September or October 2022, when payments from her co-accused started coming in late,” said the decision, which notes she didn’t “suspect the investment scheme was fraudulent until January 2023 when one of her co-accused retained counsel who then sent her a letter promising a payment of $5.9 million by December 30, 2022, which did not materialize.”