Calgary man convicted in Ponzi scheme to be sentenced next month

Article content

Convicted fraudster Arnold Breitkreutz will face a sentencing hearing next month, it was determined Friday.

Article content

Crown and defence lawyers appeared briefly in Calgary Court of Queen’s Bench to schedule a half-day hearing for sentencing submissions on Aug. 17.

Crown prosecutor Brian Holtby told Justice Earl Wilson that his fellow Queen’s Bench judge, Justice Colin Feasby, who convicted the Calgary septuagenarian last month in a massive mortgage fraud, is seized with Breitkreutz’s sentencing.

“Through the judicial scheduler we’ve arranged Aug. 17 … for one half day,” Holtby said, speaking on behalf of himself and defence counsel Cale Ellis-Toddington.

He said Breitkreutz, 74, who is in custody pending sentencing, was not required in court for the brief scheduling appearance.

Wilson ordered that custodial officials bring Breitkreutz to court on that day to face his sentencing hearing.

Article content

Breitkreutz was convicted June 29 of fraud in connection with what the Crown labelled a multi-million-dollar Ponzi scheme in which investors believed they were…