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

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

Calgary Court of Queen’s Bench Justice Colin Feasby said there were many aggravating factors justifying a sentence in the 10- to 12-year range sought by Crown prosecutor Shelley Smith.“The fraud was deliberate, large-scale and profoundly adversely affected the lives of many victims,” Feasby said., the judge noted the losses Breitkreutz, 74, created for investors in his Base Finance Ltd. exceeded $100 million, but the prosecution only concentrated on a specific period of his operation.

“Our society depends on faith and trust in our fellow human beings. Mr. Breitkreutz took advantage of that and now his victims, quite understandably, have difficulty trusting others.”Article content But he cited Statistics Canada figures showing the average 75-year-old Canadian male has a life expectancy of 10.2 years.

 

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that's a longer sentence for a god damn ped0 sickening. that's our justice system at work

Wtf? He is going to jail for longer then someone who killed 16 people.

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