The $300 million con man

Greg Martel’s victims thought they were getting rich off Canada’s housing boom. Instead they lost everything. Will the notorious Ponzi schemer ever face justice?

Zak Vescera

27 Oct 2026 • 21 min read

Greg Martel's victims say he ran an elaborate Ponzi scheme that defrauded them of tens of millions of dollars. Then he disappeared. (Illustration by Taylor Callery)

Zak Vescera

Zak is a Vancouver-based reporter focusing on white-collar crime in British Columbia. He previously reported for The Tyee and The Saskatoon StarPhoenix.

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