Lacroix Sentenced to 13 Years for Fraud
Kate Yule
Friday, October 9, 2009
It’s being called the biggest white collar crime fraud in Canadian history.
Former Norbourg boss Vincent Lacroix has been sentenced to 13 years for defrauding over 9,000 clients of more than $100 million. The scam cost many people their life-savings.
Lacroix surprised everyone last month when he pleaded guilty to 200 fraud-related charges.
The Crown had been seeking the maximum sentence of 14 years in prison, but a lawyer for Lacroix was pushing for between 10 and 12 years.
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