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Robert Mander |
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Soka Gakkai International returns Ponzi scheme donations
VIA The Globe and Mail, A Buddhist organization is giving back more than $300,000 in donations it received from a Toronto businessman who was accused of running an elaborate Ponzi scheme. “In the circumstances, it was clear to us that it’s our moral duty to return these donations,” said Tony Meers, director-general of the Canadian chapter of Soka Gakkai International, or SGI, a Buddhist charitable organization founded in Japan. “We don’t want to keep this money. Our members wouldn’t want us to, it’s pretty obvious.” Robert Mander died at his home in Flamborough, Ont., in March leaving investors scrambling to find out what happened to the $43-million they had entrusted to him. Investors won a court order putting Mr. More »
