About this document
Ponzi Schemes and Economic Crimes in Canada by Zoey Blake is a document available to read on EtoBox.
A Ponzi scheme committed by Gary Sorenson and Milowe Brost in Canada from 1999 to 2008 defrauded over 2,400 investors of between $100-400 million. Both men were sentenced to 12 years in prison. Economically motivated crimes, including Ponzi schemes, cause extensive financial harm and their total cost to Canada is estimated to be billions annually. Common economically motivated crimes reported in Canada include asset misappropriation, procurement fraud, accounting fraud, and cybercrime.
- Author
- Zoey Blake
- Language
- EN