Calgary man convicted in multimillion dollar Ponzi scheme sentenced to 10 years

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. Arnold Breitkreutz was convicted in June of fraud over five thousand dollars for what the Crown described as a multimillion-dollar scheme in which investors believed they were putting money into safe first mortgages. Court heard the money from his company, Base Financial, was instead loaned to an oil-and