Close X
Sunday, January 12, 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

    Former NHL Player Sheldon Kennedy Says Expansion Of His Sex-abuse Centre In The Works

    Former NHL Player Sheldon Kennedy Says Expansion Of His Sex-abuse Centre In The Works
    CALGARY — Former NHL player Sheldon Kennedy says the sexual-abuse support centre that bears his name has been deluged with cases since its opening 13 months ago.

    Former NHL Player Sheldon Kennedy Says Expansion Of His Sex-abuse Centre In The Works

    CBC's Editor-In-Chief Says Evan Solomon Didn't Meet Ethics Standard

    CBC's Editor-In-Chief Says Evan Solomon Didn't Meet Ethics Standard
    TORONTO — A raft of ethical lapses by journalists has the editor-in-chief of CBC News calling on members of the profession to clean up their act.

    CBC's Editor-In-Chief Says Evan Solomon Didn't Meet Ethics Standard

    Executives With Toronto's Pan Am Games Will Split $5.7 Million In Bonuses

    Executives With Toronto's Pan Am Games Will Split $5.7 Million In Bonuses
    TORONTO — The upcoming Pan Am Games in Toronto are still proving to be a windfall for some of the executives involved in planning the event.

    Executives With Toronto's Pan Am Games Will Split $5.7 Million In Bonuses

    Mississauga Hacker David Pokora Sentenced In Delaware To 18 Months In Prison

    Mississauga Hacker David Pokora Sentenced In Delaware To 18 Months In Prison
    WILMINGTON, Del. — A Canadian member of a hacking ring that gained access to a U.S. Army computer network and targeted Microsoft and several video game developers has been sentenced in Delaware to 18 months in prison.

    Mississauga Hacker David Pokora Sentenced In Delaware To 18 Months In Prison

    Harper Gets 10-minute Papal Visit, Focuses On Ukraine Not Residential Schools

    Harper Gets 10-minute Papal Visit, Focuses On Ukraine Not Residential Schools
    VATICAN CITY, Italy — Prime Minister Stephen Harper raised the troubling findings of the residential schools commission Thursday during an unusually brief meeting with Pope Francis, but stopped short of inviting him to Canada to apologize.

    Harper Gets 10-minute Papal Visit, Focuses On Ukraine Not Residential Schools

    Carding Can Enhance Public Safety When Done 'Right,' Toronto Police Chief Says

    Carding Can Enhance Public Safety When Done 'Right,' Toronto Police Chief Says
    TORONTO — Just days after Toronto's mayor called for an end to the practice of randomly stopping and questioning residents in the streets, the city's new police chief says it can enhance public safety when done properly.

    Carding Can Enhance Public Safety When Done 'Right,' Toronto Police Chief Says