Former Norbourg president Vincent Lacroix arrives at the Montreal courthouse for the beginning of his trial for securities fraud charges Monday, September 14, 2009 in Montreal. The Canadian Press
From The Globe And Mail:
Former Norbourg head given time for his role in a $130-million fraud that claimed 9,200 victims.
Financier Vincent Lacroix has been sentenced to 13 years in prison for his role in a $130-million fraud that claimed 9,200 victims.
Mr. Lacroix – the former head of Norbourg Asset Management Inc. – was handed the sentence in Quebec Superior Court Friday morning. Last month, he pleaded guilty to 200 charges after years of protesting his innocence.
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My Comment: Because they still do not know where the money has gone ..... from my viewpoint he got off light.