Fraudsters in B.C. rarely face police investigation or jail time

Beginning in February 2007, Surrey resident Tom Williams masterminded a Ponzi scheme that bilked investors of millions of dollars.
When the scheme collapsed in 2010, Williams and a coterie of “associates” had raised $11.7 million from 123 people, including a nurse, a construction contractor, a 75-year-old retiree and a psychologist.
As in all Ponzi schemes, some of the money had been used to pay back investors, a ruse that hid the fact there was no legitimate business carried out by&