Following the arrest of Earl Jones, who may have diverted CAN$50M into a Ponzi Scheme, another scheme has been discovered. The Royal Canadian Mounted Police (RCMP) have uncovered two Alberta men who it is alleged diverted over CAN$100M into a Ponzi Scheme. Investors were based in Canada and internationally.


Milowe Allen Brost, 55, of Chestermere, Alberta, and Gary Allen Sorenson, 66, of Calgary, were charged today with fraud and theft, Canada’s Royal Canadian Mounted Police said in an e- mailed release.


It seems that people continue to suffer at the hands of these guys. Two guys were recently executed in China for running a Ponzi Scheme. Let hope we all learn from these sad experiences...