The Canadian Press

2015-07-28 | CRIME Ponzi Scheme

Preview Clip

A judge has sentenced two men to 12 years in prison for one of the largest Ponzi schemes in Canadian history.

Date: 2015-07-28
Placeline: CALGARY.
Source: The Canadian Press
Length: 33 seconds

Transcript Prediction: << Gary Sorensen and Milo Bros were found guilty of Fraud and theft in February for an elaborate scheme in which investors were promised unrealistic returns more than 2,400 investors from around the world lost up to two hundred million dollars with many people losing their life savings Justice Robert Hall says there were several aggravating factors including the pure greed of the two men as they defrauded their victim Ponzi schemes involve taking funds from you investors and using them to pay old ones Bill Grapeland the Canadian press calibrate >>