Sunday, May 5, 2024
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

    Metro Vancouver's Transportation Plebiscite Results On Thursday: Elections BC

    Metro Vancouver's Transportation Plebiscite Results On Thursday: Elections BC
    Residents of Metro Vancouver were asked to vote on whether they supported a half-per-cent sales tax for $7.5 billion in upgrades to transportation infrastructure in the region.

    Metro Vancouver's Transportation Plebiscite Results On Thursday: Elections BC

    More Than 3,000 People Evacuated From Northern Saskatchewan Due To Fires, Smoke

    More Than 3,000 People Evacuated From Northern Saskatchewan Due To Fires, Smoke
    Fires and smoke have been threatening communities near La Ronge and La Loche since late last week. Many evacuees are staying in Prince Albert, Saskatoon and Regina.

    More Than 3,000 People Evacuated From Northern Saskatchewan Due To Fires, Smoke

    Case Of British Navy Members Accused Of Sexually Assaulting Woman Due In Court

    Simon Radford, Joshua Finbow, Craig Stoner and Darren Smalley were in Nova Scotia to play in a hockey tournament with local Armed Forces personnel when they were arrested in April.

    Case Of British Navy Members Accused Of Sexually Assaulting Woman Due In Court

    BC Safety Authority Releases Report On Chairlift Crash, Makes 7 Recommendations

    BC Safety Authority Releases Report On Chairlift Crash, Makes 7 Recommendations
    In March 2014 a chairlift at Crystal Mountain Resort near West Kelowna, B.C., deroped, sending three chairs plummeting into the snow and putting four people in hospital.

    BC Safety Authority Releases Report On Chairlift Crash, Makes 7 Recommendations

    Maryam Rashidi's Accused Killer, Joshua Cody Mitchell, Charged With Second-Degree Murder

    Maryam Rashidi's Accused Killer, Joshua Cody Mitchell, Charged With Second-Degree Murder
    Joshua Cody Mitchell, who is 20, appeared in court on closed-circuit television Tuesday and had his case put over until July 30 to give his lawyer time to review the file.

    Maryam Rashidi's Accused Killer, Joshua Cody Mitchell, Charged With Second-Degree Murder

    Winnipeg Man, Aaron Driver, Suspected Of Planning Terrorism Says Charter Rights Violated

    Winnipeg Man, Aaron Driver, Suspected Of Planning Terrorism Says Charter Rights Violated
    Leonard Tailleur is asking the court to determine whether federal authorities are being excessive in seeking a peace bond against his client, Aaron Driver.

    Winnipeg Man, Aaron Driver, Suspected Of Planning Terrorism Says Charter Rights Violated