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

    100 New RCMP Officers For Surrey, The City Gripped By Gang War

    100 New RCMP Officers For Surrey, The City Gripped By Gang War
    The federal government has pledged 100 new Mounties to the Metro Vancouver city in the middle of a spasm of gun violence and added $3.5 million to extract those vulnerable to becoming gang members in the drug-fuelled turf war.

    100 New RCMP Officers For Surrey, The City Gripped By Gang War

    Man Falls From Cliff In Chilliwack During Outing With All-Terrain Vehicle Group, Dies

    Man Falls From Cliff In Chilliwack During Outing With All-Terrain Vehicle Group, Dies
    RCMP say the 48-year-old was riding ATVs with a group on Windy Knob Trail. Emergency crews attended the scene but the man died in the fall.

    Man Falls From Cliff In Chilliwack During Outing With All-Terrain Vehicle Group, Dies

    Police Say Foul Play Not Suspected In Case Of Missing B.C. Fisherman

    Police Say Foul Play Not Suspected In Case Of Missing B.C. Fisherman
    RCMP say the man was last seen cleaning the deck of the vessel during a trip to the Bella Coola wharf from the North Bentick Arm Channel last Friday evening.

    Police Say Foul Play Not Suspected In Case Of Missing B.C. Fisherman

    Lower Mainland Police Search For Man Accused Of Trying To Shoot An Officer, Leading Car Chase

    Lower Mainland Police Search For Man Accused Of Trying To Shoot An Officer, Leading Car Chase
    A man accused of trying to shoot an officer before leading police on a high-speed chase across the Lower Mainland should be considered armed and dangerous, police say

    Lower Mainland Police Search For Man Accused Of Trying To Shoot An Officer, Leading Car Chase

    Report Of Fight, Gun Leads To Multiple Arrests At Kamloops Motel: RCMP

    RCMP say they have arrested three people after a fight at a Kamloops, B.C., motel and the discovery of drugs and a replica handgun.

    Report Of Fight, Gun Leads To Multiple Arrests At Kamloops Motel: RCMP

    Whistler Stabbing: Violent Long Weekend Claims Burnaby Teenager Luka Gordic's Life

    Whistler Stabbing: Violent Long Weekend Claims Burnaby Teenager Luka Gordic's Life
    Luka Gordic, 19, of Burnaby, B.C., died after being stabbed near Main Street early Sunday morning, confirmed his older brother Milos

    Whistler Stabbing: Violent Long Weekend Claims Burnaby Teenager Luka Gordic's Life