Close X
Thursday, January 9, 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

    B.C. Veteran Who Was 'Eerily Calm' After He Shot His Wife, 77, Handed Life Sentence

    B.C. Veteran Who Was 'Eerily Calm' After He Shot His Wife, 77, Handed Life Sentence
    Joseph DesRoches pleaded guilty to second-degree murder last week for the shooting death of his wife, Rosa, last year.

    B.C. Veteran Who Was 'Eerily Calm' After He Shot His Wife, 77, Handed Life Sentence

    Vancouver Police Board To Hear Complaint About Approach To Pot Dispensaries

    Vancouver Police Board To Hear Complaint About Approach To Pot Dispensaries
    The board sent a letter to Pamela McColl, the executive director of Smart Approaches to Marijuana Canada, confirming it will hear her complaint at a Sept. 17 meeting.

    Vancouver Police Board To Hear Complaint About Approach To Pot Dispensaries

    Special-Weather Statement For Metro Vancouver By Environment Canada: Heat Wave To Blast On Weekend

    Special-Weather Statement For Metro Vancouver By Environment Canada: Heat Wave To Blast On Weekend
    VANCOUVER — An expected heat wave is threatening to incinerate temperature records across southern British Columbia this weekend, forcing officials to urge caution while in the forests, implement campfire bans, and turn on additional drinking-water fountains.

    Special-Weather Statement For Metro Vancouver By Environment Canada: Heat Wave To Blast On Weekend

    Annual Vancouver Canada Day Pot Protest To Be Held Despite City's Warning

    Annual Vancouver Canada Day Pot Protest To Be Held Despite City's Warning
    Jodie Emery says "Cannabis Day" has been held for nearly 20 years and typically attracts about 10,000 people who sell, buy and smoke illegal marijuana in the public square.

    Annual Vancouver Canada Day Pot Protest To Be Held Despite City's Warning

    B.C. Crown Challenges Judge's Dangerous-offender Ruling, Cites Public Interest

    B.C. Crown Challenges Judge's Dangerous-offender Ruling, Cites Public Interest
    VICTORIA — The Crown is appealing a B.C. Supreme Court ruling that recently struck down changes to a dangerous-offender law championed by the federal Conservative government.

    B.C. Crown Challenges Judge's Dangerous-offender Ruling, Cites Public Interest

    Lululemon Recalls Drawstrings From 185,000 Women's Tops After Injuries

    Lululemon Recalls Drawstrings From 185,000 Women's Tops After Injuries
    VANCOUVER — Yogawear retailer Lululemon is recalling the elastic drawstrings from more than 185,000 women's tops in Canada after reports of injuries.

    Lululemon Recalls Drawstrings From 185,000 Women's Tops After Injuries