Thursday, January 27, 2011

Vincent Lacroix about to be released

Vincent Lacroix must obtain leave on Thursday morning from the federal penitentiary in Ste-Anne-des-Plaines, north of Montreal.
The former boss of Norbourg serving one sixth of a sentence of 13 years in prison for having swindled more than 9,200 investors, a scandal without precedent in the history of financial investors in Quebec.
The 44 year old man will live in a halfway house for a period of three years under the supervision of the Correctional Service of Canada.
During his stay he will meet include a curfew and participate in community work for six months. It will not be entirely free for 15 years.
Vincent Lacroix was asked to be transferred in Pickering, Ontario, but his application was rejected, according to Frontenac Street. It should rather return to a halfway house southwest of Montreal, where the fraudster had stayed before pleading guilty in 2009.
In its latest opinion regarding Vincent Lacroix, the Parole Board of Canada, he wanted his accommodation in a halfway house leads him to think about what drove him to jail, to develop a social conscience and to put aside materialism which led him to live in luxury with the money stolen from investors.
Last Wednesday, the victims of the scandal Norbourg learned they would recover the full $ 115 million lost in this case, under a settlement agreement.

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