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

    Indian-American Man In Texas Vikram Virk Kills Teen Friend Jaskaran Singh In A Russian Roulette Game

    Indian-American Man In Texas Vikram Virk Kills Teen Friend Jaskaran Singh In A Russian Roulette Game
    According to police, Vikram Virk, 27, confessed on Saturday to shooting Jaskaran Singh in the head that afternoon while playing the deadly game in Virk's car, CBS News reported.

    Indian-American Man In Texas Vikram Virk Kills Teen Friend Jaskaran Singh In A Russian Roulette Game

    Grizzly Bear That Broke Hiker's Arm Likely Lunged In Shock: Conservation Officer

    Grizzly Bear That Broke Hiker's Arm Likely Lunged In Shock: Conservation Officer
    WILLIAMS LAKE, B.C. — A conservation officer says a woman who surprised a grizzly bear in the mountains near Horsefly, B.C., likely could not have prevented the attack.

    Grizzly Bear That Broke Hiker's Arm Likely Lunged In Shock: Conservation Officer

    B.C. Man Convicted Again Of Killing 19-year-old Woman Found In Ditch In 1993

    B.C. Man Convicted Again Of Killing 19-year-old Woman Found In Ditch In 1993
    A man has been convicted of manslaughter for the second time, more than two decades after a 19-year-old woman was found dead in a ditch following a party in Kelowna, B.C.

    B.C. Man Convicted Again Of Killing 19-year-old Woman Found In Ditch In 1993

    Saskatchewan Siblings 'Deeply Sorry' For Stripping Naked On Mountain In Malaysia

    Saskatchewan Siblings 'Deeply Sorry' For Stripping Naked On Mountain In Malaysia
    Lindsey and Danielle Petersen have released a statement saying they did not mean to offend anyone and were not aware of the spiritual significance of Mount Kinabalu.

    Saskatchewan Siblings 'Deeply Sorry' For Stripping Naked On Mountain In Malaysia

    New B.C. School Curriculum Will Have Aboriginal Focus

    New B.C. School Curriculum Will Have Aboriginal Focus
    The kindergarten-to-Grade-12 curriculum that addresses aboriginal history, culture and perspectives is about to be released to B.C. teachers and schools in preparation for the new academic year.

    New B.C. School Curriculum Will Have Aboriginal Focus

    Remains Found After Search Of Vancouver Island Property Belong To Victoria Man

    Remains Found After Search Of Vancouver Island Property Belong To Victoria Man
    Victoria Police Insp. Keith Linder says they are those of Dana McKellar, who was reported missing by his family last September.

    Remains Found After Search Of Vancouver Island Property Belong To Victoria Man