Ponzi suspect faces new charges

By News Staff

Posted Nov 26, 2010 4:43 pm.

This article is more than 5 years old.

A Calgary man charged in one of the biggest ponzi scheme’s in Canadian history is now facing more charges.

Milowe Brost was arrested Thursday on charges of possession of stolen property and uttering a forged document

Police say the charges are related to an investigation into the passing of a cheque worth $34,000.

Brost is awaiting trial with co-accused Gary Sorenson on charges alleging they ran a ponzi scheme bilking investors out of $400-Million.

The new charges have nothing to do with the prior investigation.

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