Tzvi Erez is a classical pianist and an alleged organizer of a multi-million dollar ponzi scheme

Ponzi scheme

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation...

 in Toronto.

Erez was born in Israel

Israel

The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...

 and began to toy with the piano

Piano

The piano is a musical instrument played by means of a keyboard. It is one of the most popular instruments in the world. Widely used in classical and jazz music for solo performances, ensemble use, chamber music and accompaniment, the piano is also very popular as an aid to composing and rehearsal...

 at the age of three, beginning to study it formally at six.

Tzvi Erez started Niv Classical in the year 2000, in memory of his brother Niv Erez z’l. After starting Niv Classical, Erez began releasing CDs and DVDs, as well as performing in live concerts. His discography can be bought on iTunes

ITunes

iTunes is a media player computer program, used for playing, downloading, and organizing digital music and video files on desktop computers. It can also manage contents on iPod, iPhone, iPod Touch and iPad....

.

Ponzi scheme

In Toronto, according to a report filed by a court-appointed receiver, Erez allegedly used a series of forged documents to defraud more than 70 investors of $27 million. None of these allegations were proven in court. In June 2009, Erez was charged by Toronto police with one count of fraud over $5,000, seven counts of forgery and one count of violating his probation on a prior fraud conviction; the charges were based on evidence provided by one of Erez's alleged victims, Willy Tencer.Eventually, all charges were dropped by police and crown attorney.