By Staff
June 2nd, 2025
BURLINGTON, ON
A Burlington lawyer arrested in connection with a suspected multimillion-dollar Ponzi scheme is under investigation by the Law Society of Ontario for allegedly misusing her trust fund.
Crys Masterson with her husband and three children is part of The Transition Network. “Elders have a wealth of knowledge to share and help remind me to slow down and appreciate the meaningful things in life.” Cyrs grew up in a real estate family and now specializes in real estate law, estates, probate, power of attorney, wills and trusts. Crys goes out of her way to ensures her clients, young and old, are well informed and comfortable with each step of the legal process and that their best interests are protected at all times. Her patience, compassion and knowledge of Elder Law make Crys an outstanding asset to The Transition Network Team.
While its probe is underway, the law society is seeking to have Crystal Masterson’s licence suspended due to “a significant risk of harm to members of the public, or to the public interest in the administration of justice, if the order is not made.”
The law society filed its notice of motion against Masterson on May 13, about six weeks after she was arrested by the Ontario Provincial Police and charged with fraud over $5,000. Her law society hearing is set for June 3.
Masterson and two others — punk-rock-singer-turned-businessman Doug Grozelle and Halton regional police fraud detective Jon Williams — are accused of running a $24.6-million international investment scheme that left dozens of people broke or homeless.
The OPP called it “a complex, multi-jurisdictional investment fraud scheme.”
The alleged pyramid scheme, which operated for two years, sucked in at least 236 participants, 116 of whom lost money.
Bankruptcy receiver Grant Thornton has said the scheme was “insolvent from its inception” and used money from new investors to pay illegally high returns to a select group of clients, many of whom were Halton regional police officers.
The pitch Grozelle made to investors was simple: if they gave him large amounts of cash for short periods, ranging from a few weeks to a few months, he promised to lend it to third parties, then pay it back fast with a high rate of return.
I agree with justice needing to be served and the public being made aware. I do not agree with her young children being in the picture.
Is it even legal to use a photo without an individual’s consent? Also, reporting of an offense that has not been tested/tried is prejudicial to the accused.
It does seem unreasonably invasive to post a photo of her whole family with this article. Maybe they could crop it?
While I think justice needs to be served. Putting photos of her kids in this article is not ok. Please use another photo. They should not be shown.