Close X
Thursday, January 16, 2025
ADVT 
National

Lawyer Shamsher Kothari Says 2 Men Convicted In Multimillion Dollar Ponzi Scheme May Die In Jail

Darpan News Desk The Canadian Press, 30 Jun, 2015 01:18 PM
    CALGARY — The lawyer of one of two men convicted in one of the largest Ponzi schemes in Canadian history says his client could end up dying in jail.
     
    Shamsher Kothari (SHAM'-sheer ko-THAR'-ee), who is representing Milowe Brost, says his client is already in ill health.
     
    He says even if the sentence is less than the 14 years the Crown is asking for there is a "strong possibility" he will die in prison.
     
    Both Kothari and the lawyer for Gary Sorenson are asking the court to give their clients a sentence in the eight to 10 year range.
     
     
    The two men were found guilty of fraud and theft in February for an elaborate scheme in which investors were promised unrealistic returns.
     
    Brost was also found guilty of money laundering.
     
    Nearly 2,000 people were defrauded of between $100 million and $400 million in the Ponzi scheme.
     
    PIC: CHRISTINA RYAN / CALGARY HERALD

    MORE National ARTICLES

    Six Unusual Complaints Filed Against Telecom Companies To The CRTC

    Six Unusual Complaints Filed Against Telecom Companies To The CRTC
    Consumers lodged hundreds of complaints against telecom companies between January and August of 2013. Here are six of the more unusual complaints, obtained by The Canadian Press through an Access to Information request:

    Six Unusual Complaints Filed Against Telecom Companies To The CRTC

    Complaints Obtained From CRTC Illustrate Canadians' Telecom Gripes

    Complaints Obtained From CRTC Illustrate Canadians' Telecom Gripes
    TORONTO — Wireless carriers automatically renewing customers' contracts without their consent. Clients being kept on hold for hours while trying to cancel their services. Mysterious charges from unknown third parties popping up on customers' phone bills.

    Complaints Obtained From CRTC Illustrate Canadians' Telecom Gripes

    Small Forest Fighting Plane Crashes In Northern Alberta, No Word On Injuries

    Small Forest Fighting Plane Crashes In Northern Alberta, No Word On Injuries
    COLD LAKE, Alta. — A small air tanker used for fire suppression crashed Friday afternoon about 100 kilometres east of Lac La Biche, Alta., killing the 37-year-old pilot and sole passenger.

    Small Forest Fighting Plane Crashes In Northern Alberta, No Word On Injuries

    Police Seize Cocaine And Ketamine In Package At Courier Company In Toronto

    TORONTO — Police are crediting a worker at a Toronto courier depot for alerting them to a large drug shipment bound for Alberta.

    Police Seize Cocaine And Ketamine In Package At Courier Company In Toronto

    Incoming Alberta Premier Rachel Notley Suspends Rookie Over Photo

    Incoming Alberta Premier Rachel Notley Suspends Rookie Over Photo
    EDMONTON — Incoming Alberta NDP premier Rachel Notley has suspended a rookie member of her caucus over a social media photo deemed homophobic by the party.

    Incoming Alberta Premier Rachel Notley Suspends Rookie Over Photo

    Court Orders Feds To Turn Over Files On Leak About Former Terror Suspect

    Court Orders Feds To Turn Over Files On Leak About Former Terror Suspect
    A Canadian man the federal government once accused of terrorism has won a small victory in his ongoing legal battle for compensation for damaging leaks of government documents to the media.

    Court Orders Feds To Turn Over Files On Leak About Former Terror Suspect