The Canadian Press

2015-06-29 | CRIME Ponzi Scheme

Preview Clip

The Crown wants a lengthy jail term for two Calgary men convicted in a multimillion-dollar Ponzi scheme. Gary Sorenson and Milowe Brost were found guilty of fraud and theft in February for an elaborate scheme where investors were brought in and promised unrealistic returns. Authorities have called it the largest Ponzi scheme in Canadian history. Carole Knopp (kuh-NOP') was the only person to show up to read a victim impact statement. (The Crown want the two men to each serve 14 years in prison.)

Date: 2015-06-29
Placeline: CALGARY.
Source: The Canadian Press
Length: 13 seconds

Transcript Prediction: << Boys Around $130,000 well I thought I'd be a millionaire for sure a multi-millionaire from what they promised and that was my retirement fund >>