Suspect in Ponzi scheme makes own closing argument; says he has the truth

CALGARY — One of two men on trial for an alleged multimillion-dollar Ponzi scheme that police say bilked thousands of investors around the world of $400 million has delivered his own closing argument.

CALGARY — One of two men on trial for an alleged multimillion-dollar Ponzi scheme that police say bilked thousands of investors around the world of $400 million has delivered his own closing argument.

Gary Sorenson dismissed his lawyer during the five-month trial in Calgary.

He told the jury he was filled with fear and concern when the Crown laid out its case.

But Sorenson said he has something equally formidable to fight the allegations — the truth.

Sorenson and Milowe Brost (BROHST) have pleaded not guilty to fraud and theft.

The two men were arrested in 2009 for what police have called the largest Ponzi-type scheme in Canadian history.

Brost alone faces a fifth charge of money laundering, to which he has also pleaded not guilty.

Just Posted

Red Deer Express to publish final edition Wednesday

Black Press strengthens commitment to Red Deer Advocate

Red Deer County ponders garden suite proposal

Property owner’s garden suite plans exceed county regulations

Make Parsons house preservation an election issue, Red Deer city councillor suggests

Coun. Michael Dawe says candidates can be questioned about where they stand

PHOTO: Everybody Loves a Sale

Dozens of people wanted a chance to scoop up some discounted Canada Winter Games merchandise

Red Deer County posts big surplus

2018 operating budget came in with $5.8 million surplus

Slow cooker or Instant Pot?

Now that the viral craze surrounding the Instant Pot has quieted down… Continue reading

Millennial Money: There’s more than one way to slay a debt

The saying that debt is easy to get into and hard to… Continue reading

Bianca Andreescu’s win streak ends after early exit because of injury

MIAMI — The injury bug has derailed Bianca Andreescu’s impressive run. The… Continue reading

CONCACAF teams to learn Nations League draw on Wednesday in Las Vegas

Canada will learn its next CONCACAF Nations League opponents at Wednesday’s draw… Continue reading

Alanis Morissette announces pregnancy in Instagram photo

Alanis Morissette is pregnant with her third child. The Grammy-winning singer posted… Continue reading

“MLB The Show 19” allows video gamers a chance to relive baseball history

TORONTO — From Babe Ruth’s debut as a pitcher to Jose Bautista’s… Continue reading

Canada Revenue Agency tax services back online after ‘hardware’ problems

OTTAWA — The websites Canadians use to file their taxes online were… Continue reading

Roof structures failed before Radiohead stage came down, inquest hears

TORONTO — Metal structures meant to hold a roof over a stage… Continue reading

Most Read