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Calgary man jailed 10 years for multimillion-dollar Ponzi scheme

Arnold Breitkreutz, 74, was convicted in June of fraud over $5,000 for the scheme in which investors believed they were putting money into safe first mortgages

Calgary fraudster handed 10-year prison term for bilking investors in mortgage scam

Multi-million dollar Ponzi scheme lands fraudster 10-year prison term

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

Arnold Breitkreutz ordered to pay $3.1 million in restitution

Betrayal : 10 years in prison for Calgary man in multimillion-dollar Ponzi scheme

CALGARY A Calgary man who bilked his clients out of millions of dollars in a Ponzi scheme was sentenced Friday to 10 years in prison and ordered to pay $3.1 million in restitution for what the judge called a "deliberate and large-scale" fraud.

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