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Suspect in Ponzi scheme makes own closing argument; says he has the truth

Darpan News Desk The Canadian Press, 03 Feb, 2015 10:40 AM

CALGARY — One of two men on trial for an alleged multimillion-dollar Ponzi scheme that police say bilked thousands of investors around the world of $400 million has delivered his own closing argument.

Gary Sorenson dismissed his lawyer during the five-month trial in Calgary.

He told the jury he was filled with fear and concern when the Crown laid out its case.

But Sorenson said he has something equally formidable to fight the allegations — the truth.

Sorenson and Milowe Brost (BROHST) have pleaded not guilty to fraud and theft.

The two men were arrested in 2009 for what police have called the largest Ponzi-type scheme in Canadian history.

Brost alone faces a fifth charge of money laundering, to which he has also pleaded not guilty.

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