Gary Sorenson and Brost Sorenson Ponzi

Brian Holtby: More than 500 of Brost and Sorenson Ponzi scheme victims have sent statements to the prosecution detailing their emotional and financial hardships. "The response we received from victims was much greater than I expected and far larger than any previous case we have had," said senior Crown prosecutor Brian Holtby, according to CBC. The statements will be entered as exhibits during a two-day sentencing hearing in Calgary set for Monday and Tuesday. And while the latest number attached to the Milowe Brost and Gary Sorenson case is also large, it the one that humanizes the cumbersome, complicated fraud. Over a nine-year period, more than 2,000 investors lost between $100 million and $400 million in a Ponzi scheme orchestrated by the former business partners. Brost, 61, and Sorenson, 71, were each convicted of two counts of fraud and two counts of theft in February after a five-month jury trial. It considered one of the largest in Canadian history. (news.financializer.com). As reported in the news.