Calgary man convicted in multimillion dollar Ponzi scheme to be sentenced

A Calgary man who bilked his clients out of millions of dollars in a Ponzi scheme is scheduled to be sentenced today. Arnold Breitkreutz was convicted in June of fraud over $5,000 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-gas promoter and used in a risky oil play in Texas that secured against oil-and-gas l