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Crown Wants 14 Years For 2 Calgary Men Who Stole Millions In Ponzi Scheme

The Canadian Press, 29 Jun, 2015 12:42 PM

CALGARY — The Crown wants a lengthy jail term for two Calgary men convicted in a multimillion-dollar Ponzi scheme.

Gary Sorenson and Milowe Brost were found guilty of fraud and theft in February for an elaborate scheme where investors were brought in and promised unrealistic returns.

Authorities have called it the largest Ponzi scheme in Canadian history.

The court received 600 victim impact statements but only one showed up to read it in court.

Carole Knopp says she is embarrassed by what happened and will be in debt for the rest of her life.

More than 2,000 people were swindled by Sorenson and Brost.

The Crown calls both men equally to blame and wants a maximum sentence of 14 years in prison.

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