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PAR4THECOURSE

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"It is a thousand times better to have common sense without education than to have education without common sense." - Robert Green Ingersoll
Articles Posted: 13  Links Seeded: 27912
Member Since: 8/2009  Last Seen: 2/09/2012

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International Ponzi scheme case put over to December

Seeded on Mon Oct 19, 2009 11:08 PM EDT
Read ArticleArticle Source: Canadian Business Online
business, fraud, ponzi-scheme, pyramid-scheme
Seeded by Par4TheCourse
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CALGARY - Two men accused of creating a Ponzi scheme that allegedly defrauded investors around the world of millions of dollars won't be back in a Calgary court until Dec. 14.

The case was put over Monday because lawyers for the two still need to be found.

Gary Sorenson and Milowe Brost are both charged with fraud and theft over $5,000 in a pyramid scheme. Neither appeared in court.

Police allege thousands of investors in Canada, the United States and overseas were swindled between 1999 and December 2008.

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