Maxine Jones says she had no reason to question where her husband's money was coming from. (CBC)

The wife of accused fraudster Earl Jones says she never had reason to question the hundreds of thousands of dollars at her disposal in the couple's joint bank account.

In her Nov 9. deposition for her husband's bankruptcy case, Maxine Jones told lawyers that her partner of 42 years was a good provider who always made sure she had enough money to cover the costs of their lavish lifestyle and personal expenses.

Jones testified her husband regularly handed her cheques from an account called "Earl Jones in Trust," and she used the money to pay the couple's household bills.

But she never asked where the money came from. Jones's testimony, noted in the 111-page deposition, was formally filed in court on Wednesday and is available publicly.

Earl Jones is out on bail awaiting trial on fraud charges, after being accused of running a Ponzi scheme that allegedly bilked more than 100 clients out of more than $50 million.

Jones's Montreal-area clients entrusted him with millions of dollars in assets, including estate management, wills and personal accounts. An earlier investigation into the self-styled financial adviser's affairs revealed he had used at least $12.5 million of his clients' money for his personal expenses over the years.

Alleged victims not sure what to believe

Maxine Jones's deposition describes how she and her husband split their time between three condominiums and took regular vacations in exotic locales.

She said she did not become aware of her husband's transgressions until about six months ago.

They also paid for their daughters' weddings from their shared chequing account, events that cost more than $10,000 apiece.

Maxine Jones answered "I don't know" more than three dozen times whenever lawyers questioned her directly about her husband's finances.

Joey Davis said he has a hard time believing her.

"[My] initial reaction is somewhat shock, that a lot of her answers are basically 'I don't know as to the nature of [his] business, but more importantly, the nature of how the money was flowing,' " said the Montreal resident, whose mother allegedly lost thousands of dollars in personal savings to Earl Jones.

Another alleged victim said she has her doubts about Maxine Jones's involvement.Christine Marlowe says she was shocked by Maxine Jones's deposition. (CBC)

"It might be voluntary blindness, but I just think ... you didn't ask questions," said Christine Marlow, who says she lost $300,000 to Earl Jones. "I'm just thinking from a woman's point of view."

Maxine Jones, who filed for divorce from her husband last month, is claiming half the value of the couple's properties.

Philip Manel, a bankruptcy trustee with the firm RSM Richter Inc, which is sifting through Earl Jones's documents said she might be out of luck.

"She won't get it because it seems the money used to buy these properties wasn't hers," said Manel.