Gary Sorenson and Milowe Brost

Milowe Brost: Prosecutor Iwona Kuklicz told a Calgary jury Thursday that both Gary Sorenson and Milowe Brost are guilty of an elaborate scheme where investors were brought in and promised unrealistic returns. , according to Canadian Broadcasting Corporation. Ponzi schemes involve taking funds from new investors and using them to pay old ones. The Crown says two men on trial for what authorities have called the largest Ponzi scheme in Canadian history "misled" and "miseducated" thousands of investors and even their own sales people. Calgary seniors lose $350,000 in alleged Ponzi fraud Sorenson, 71, and co-accused Brost, 61, have pleaded not guilty to two charges each of fraud and theft. Brost has also pleaded not guilty to an additional charge of money laundering. The two men were arrested in 2009. (news.financializer.com). As reported in the news.