Close X
Monday, January 13, 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

    Dozens Of Police Officers Searching Site Almost A Year After B.C. Man Disappears

    Dozens Of Police Officers Searching Site Almost A Year After B.C. Man Disappears
    SAANICH, B.C. — More than 90 police officers are searching a parcel of land in rural Saanich, B.C., for any evidence connected to a possible murder.

    Dozens Of Police Officers Searching Site Almost A Year After B.C. Man Disappears

    Police Nix Judge's Order To Clean Jail Cells Of Feces, Vomit, Blood: Lawyer

    Police Nix Judge's Order To Clean Jail Cells Of Feces, Vomit, Blood: Lawyer
    Vancouver police refused to clean up their act even after reports of feces, vomit and blood smeared across jail-cell walls led a British Columbia judge to demand more hygienic lockup conditions for two prisoners, says a lawyer.

    Police Nix Judge's Order To Clean Jail Cells Of Feces, Vomit, Blood: Lawyer

    Kinder Morgan Says $100-million Investment Will Protect Against Oil Spills

    Kinder Morgan Says $100-million Investment Will Protect Against Oil Spills
    BURNABY, B.C. — Kinder Morgan is pledging to protect against any threat of oil spills caused by its Trans Mountain pipeline expansion, as opposition to the project mounts in British Columbia.

    Kinder Morgan Says $100-million Investment Will Protect Against Oil Spills

    Mount Polley Mine Could Reopen By End Of Month: B.C. Mines Minister

    VANCOUVER — British Columbia's energy and mines minister says a gold and copper mine that suffered a disastrous tailings pond collapse last summer could be back up and running by the end of the month.

    Mount Polley Mine Could Reopen By End Of Month: B.C. Mines Minister

    Man With A Knife Terrifies Woman On SkyTrain, Arrested In Surrey

    Man With A Knife Terrifies Woman On SkyTrain, Arrested In Surrey
    Transit Police say a 21-year-old knife-wielding man accused of threatening and stalking a woman on a SkyTrain faces several charges in a Surrey

    Man With A Knife Terrifies Woman On SkyTrain, Arrested In Surrey

    Four-Year-Old Boy Falls From Second-Story Balcony In Surrey, Miraculously Escapes Injury

    Four-Year-Old Boy Falls From Second-Story Balcony In Surrey, Miraculously Escapes Injury
    RCMP say officers and paramedics responded at around 3:30 p.m. Thursday to an apartment building in 14900-block of 105th Avenue, Surrey, B.C.

    Four-Year-Old Boy Falls From Second-Story Balcony In Surrey, Miraculously Escapes Injury