Five stories in the news today, July 28

Five stories in the news today, July 28 from The Canadian Press:

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SENTENCE EXPECTED TODAY IN PONZI SCHEME

A judge in Calgary is expected to sentence two men today for one of the largest Ponzi schemes in Canadian history. Gary Sorenson, 71, and Milowe Brost, 61, were found guilty of fraud and theft in February for an elaborate scheme in which investors were promised unrealistic returns.

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DNA TEST COULD GIVE CHILD LARGE INHERITANCE

A Chinese woman trying to prove her baby daughter has sole claim to the fortune of a murdered West Vancouver millionaire has won her bid for a paternity test. Under a new British Columbia law, the child stands to inherit the man’s estimated $50 million estate if the results match the remains of Gang Yuan.

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TRANSALTA MANIPULATED MARKET, SAYS ALBERTA RULING

TransAlta Corp. says it will review a ruling from the province’s utilities commission that said the company deliberately timed outages at power plants in Alberta at peak times in order to drive up electricity prices. The company said late Monday that its response could “include the possibility of an appeal to the Alberta Court of Appeal.”

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RUSSIAN PILOT RESCUED FROM ICE FLOE

A Russian helicopter pilot who was rescued from an Arctic ice floe was expected to arrive in Iqaluit today aboard a Canadian Coast Guard vessel. Sergey Ananov, 49, was on a solo, around-the-world journey in his single-engine aircraft and was about halfway between Iqaluit and Greenland when his helicopter went down in the Davis Strait on Saturday. He spent more than 30 hours on the ice before his rescue.

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TORONTO BLUE JAYS TRADE JOSE REYES

The Toronto Blue Jays have traded shortstop Jose Reyes to the Colorado Rockies for fellow shortstop Troy Tulowitzki, an Associated Press source confirmed early Tuesday. In addition to Tulowitzki, the source said the Rockies also shipped 42-year-old reliever LaTroy Hawkins to the Jays while the Rockies also acquired reliever Miguel Castro and two minor league pitchers.

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ALSO IN THE NEWS TODAY …

— The Ontario ombudsman will release his annual report.

— The federal food inspectors union will make an announcement concerning the state of meat inspection in Ontario.

— Sentencing in Calgary of Gary Sorenson and Milowe Brost, found guilty of bilking more than 2,000 investors.

— Statistics Canada releases the industrial product and raw materials price indexes for June.