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Tag Archives: Syndicated Gold Depository Inc.

Canadian Jury Convicts Two Men for Running $400 Million Ponzi Scheme

By Gregory Tendrich, P.A. | Posted on March 27, 2015

On Feb. 14, a jury in Calgary, Alberta convicted Gary Sorenson and Milowe Brost of securities fraud for their role in what has been described as the largest Ponzi scheme in Canadian history. Prosecutors for the Canadian Crown presented evidence Sorenson and Brost defrauded more than 3,000 people, including a number of U.S. residents,… Read More »

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