Close X
Saturday, January 11, 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

    Teen Found Guilty Of First-degree Murder In Death Of Officer Garrett Styles

    Teen Found Guilty Of First-degree Murder In Death Of Officer Garrett Styles
    NEWMARKET, Ont. — The family of a Toronto-area police officer who was killed during a routine traffic stop is pleased a teen has been convicted of first-degree murder.

    Teen Found Guilty Of First-degree Murder In Death Of Officer Garrett Styles

    Suspect Accused In Amanda Lindhout Kidnapping Appears In Court Today

    Suspect Accused In Amanda Lindhout Kidnapping Appears In Court Today
    OTTAWA — A man accused of being involved in the hostage taking of Canadian freelance journalist Amanda Lindhout in Somalia is due to appear in an Ottawa court today.

    Suspect Accused In Amanda Lindhout Kidnapping Appears In Court Today

    Experts Calling For More Data On Foreign Investment In Canadian Real Estate

    Experts Calling For More Data On Foreign Investment In Canadian Real Estate
    TORONTO — There is scant data available on how many foreign investors are snatching up Canadian homes, and experts say the knowledge gap needs to be filled if policy makers hope to maintain the stability of the country's real estate market.

    Experts Calling For More Data On Foreign Investment In Canadian Real Estate

    Edmonton Homicide Victim Found In Shopping Cart Had Troubled Life

    Edmonton Homicide Victim Found In Shopping Cart Had Troubled Life
    EDMONTON — Friends say a woman whose body was found tied up in a shopping cart in an Edmonton alley had struggled with addiction.

    Edmonton Homicide Victim Found In Shopping Cart Had Troubled Life

    Convicted Pedophile Graham James Pleads Guilty To New Charges

    SWIFT CURRENT, Sask. — Convicted sex offender Graham James has pleaded guilty to more charges involving a player he once coached in junior hockey.

    Convicted Pedophile Graham James Pleads Guilty To New Charges

    Refugee Who Died In Immigration Custody Ided As Somali With Mental Health Issues

    Refugee Who Died In Immigration Custody Ided As Somali With Mental Health Issues
    A man who died last week under mysterious circumstances while detained by Canadian immigration authorities has been identified as a mentally ill Somali refugee who had spent three years in prison with little prospect for release.

    Refugee Who Died In Immigration Custody Ided As Somali With Mental Health Issues