The trial of a Kemptville man accused of defrauding investors of millions of dollars over a five-year period is underway.
Bruce Elmore is charged with two counts of fraud over $5,000. He is accused of bilking $3 million from about 40 of his clients, who were mostly elderly. Many of those clients have since died.
His alleged victims say they were giving Elmore money to invest in Guaranteed Investment Certificates: a secure investment that guarantees 100 per cent of the original amount.
For years, those clients were paid dividends. Shortly after the tech bubble burst, Elmore filed for bankruptcy in 2002, and investors stopped receiving payments.
Elmore, who is representing himself, appeared in court Monday for a pre-trial hearing. The jury is expected to be selected on Wednesday. The first witness is scheduled to take the stand on Thursday.
The trial is expected to last 10 weeks.
