Stay updated with breaking news from Base Financial. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A Calgary man who bilked his clients out of millions of dollars in a Ponzi scheme has been sentenced to 10 years in prison for what the judge called a deliberate and large-scale fraud.
CALGARY - A Calgary man who bilked his clients out of millions of dollars in a Ponzi scheme is scheduled to be sentenced today.
Arnold Breitkreutz ordered to pay $3.1 million in restitution
The Crown is asking that a Calgary man who bilked clients out of millions of dollars in a Ponzi scheme be sentenced between 10 and 12 years in prison. It says investors believed they were putting money into safe first mortgages.
CALGARY - The Crown asked for a sentence of 10 to 12 years Wednesday for a Calgary man who bilked clients out of millions of dollars in a Ponzi scheme.