Friday, July 10, 2009

Lacroix's Victims Livid That He's Out Of Jail

Vincent Lacroix is now living in a halfway house after
a judge granted him bail on Wednesday, July 8, 2009.

From CTV News:

Victims of convicted fraudster Vincent Lacroix were livid to hear that he's been granted bail after serving 18 months of an eight-and-a-half year sentence.

Lacroix, who bilked 9,000 investors as president of the now-defunct Norbourg group of companies, was freed on Wednesday afternoon pending his criminal trial on nearly 200 fraud-related charges.

He'll have to stay in a Montreal halfway house, and Corrections Canada is considering adding extra secuity to the location.

But that doesn't give comfort to his victims, some of whom lost their life savings when more than $100 million vanished.

"It doesn't make sense that this guy's getting free after what he did," said Michel Vezina, who lost $300,000 in the Norbourg scam.

"I was at work today. I was at work yesterday. It's terrible -- I'm 70 years old."

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