$300 Million Ponzi Scheme ensnares investors with Gold Mining Scam

The SEC has charged Milowe Allen Brost, Gary Allen Sorenson and four other men with designing and perpetrating an international Ponzi scheme that misled over 3,000 American and Canadian investors. According to the SEC’s statement, the investment scam cheated investors out of $300 million, primarily in personal savings, home equity and retirement funds. “Brost and his sales team presented...