Manna scheme earns foursome $26 million in penalties
AMF won’t appeal the five-year sentence handed down to ex-Norbourg CEO
Proposals include mandatory 2-year jail sentence for fraud over $1 million
Attempts shifting towards more personal approaches
Economic crisis has increased the motive for fraud, but decreased the opportunity
Losses total $75 million, victims allege
Brost and Sorenson face up to 14 years in prison if convicted
Ex-Norbourg CEO already serving five years for securities violations
B.C. residents more likely to be approached with fraudulent investments
Reforms would better safeguard investors and the broader financial system