Vincent Lacroix pleads guilty to fraud.. The guilty plea surprised many watchers Monday morning, including hundreds of investors who fell victim to the fraud scam. “If Vincent Lacroix had to answer questions [on the stand] we would have gotten information, and we could have known where the money went,” said Jean-Guy Houle, who lost some of his life savings to Norbourg. Another Corporate CROOK has fallen … thousands to go. 6 months at a minimum security prison……. Wanna bet? for 100 million… Hahahahahaha!!!!! This will be seen as “justice” by the Crown because Lacroix will have to fly back from his private yacht in the Caribbean and check in with his probation officer every few months. Poor guy! Pre-emptying the conservatives promise to get tough on white collar crime? , “NEVER JUDGE A BOOK BY IT’S COVER”… all nice and shiny on the outside, but rotten as hell on the inside. http://www.cbc.ca/canada/montreal/story/2009/09/21/quebec-norbourg-fraud-guilty.html
MONTREAL – Vincent Lacroix, the former head of Norbourg Inc., has pleaded guilty to 200 fraud-related charges. Lacroix entered the pleas in a Montreal courtroom this morning and was immediately ordered incarcerated. Sentencing arguments will be heard Friday. Lacroix had been accused of defrauding 9,200 investors and illegally appropriating more than $100 million. http://ca.news.yahoo.com/s/capress/090921/national/crime_fraud_lacroix
Thousands and thousands of persons get hurt, victimized now too. The maximum sentence for White collar crime fraud is from 10 years to 14 years, not including parole, time served credit now too, does not mean much if still most of the criminals do not get caught and convicted by the police in the first place. Many people also undeniably now blame the cops for the existence of the much too many crooked white collared crimes, business persons, and bad stockbrokers, bad civil and public servants in reality It is not just many Quebecers but even also Calgary seniors who lost in alleged Ponzi frauds http://www.cbc.ca/canada/calgary/story/2009/09/15/calgary-ponzi-couple-borst-sorensen-gold.html
Victims burned while RCMP fiddled for years with Alberta Ponzi scheme Vancouver Sun Estimates of total losses range from $100 million to $400 million. Brost is out on bail, and Sorenson is believed to be hiding in Honduras.
Ponzi Accusations: The Trail Of Riches Calgary Herald - Gary Sorenson, accused of being one of the masterminds of an alleged $100-million Ponzi scheme, is believed to be living at his palatial mansion in the …
Home of alleged Ponzi scheme mastermind Calgary Sun
Stiffer sentences for Ponzi scammers only a good first step …The Canadian Press - Sep 18, 2009 TORONTO — Stiffer sentences for white-collar criminals promised by the federal government are only a first step in the battle against Ponzi and other …
Being Pretentious and incompetent that is nothing now new BUT STILL the sadly reality of many of our public and civil servants, cops, RCMP, political, regulating societies now included… and youoften find out generally the hard way that truth when you are mow necessitated to try to use their services.. and not before.
Diane Urquhart, a prominent investor advocate in Canada, said Thursday that Alberta and Quebec are the hot spots in the country for investor fraud. She said provincial securities commissions are ill-equipped to monitor and enforce illegal activity. “The securities commissions are not qualified to deter these Ponzi schemes,” said Urquhart, who was in Ottawa earlier this week urging the federal government to crack down on white-collar criminals. “None of the security commissions in the country are effective,” she said. “Enforcement of securities laws and of the federal Criminal Code for securities is grossly deficient and has been for years.” Urquhart calling on the Alberta government to spend an additional $6 million to hire 20 new fraud police officers and help form an expert securities crime unit. “If we’re again going to have investor confidence in the regulatory process, it’s up to the government to ensure our rules are rigorously enforced,” ”If we’re willing to rigorously enforce our rules, the shady characters will move on.” Liberal finance critic Hugh MacDonald
Since clearly 2/3 of us do not respect cops, or the RCMP, governments, civil and public servants in the first place.. they are all so right too.
COMMERCIAL CRIME IN CANADA? GOES ON ALL THE TIME EVEN IN THE GOVERNMENTS NOW TOO.. AND UNPROSECUTED STILL MOSTLY.
The rich and middle class are (OFTEN) greedy, self serving, whining, and cheap. They want bargains, they want it free or they want someone to gift it to them. The lions share of them resent paying taxes, and god forbid they should pay their employees a living wage. ” Forget about your money ..Canada is very easy on the scammers especially those working in financial sectors. Just look at the banks, insurance companies, their fees are just like legalized loan sharks. Have U seen if our Government does anything??” http://www.cbc.ca/money/story/2009/09/15/f-new-ponzi-backgrounder-2009.html
IT IS THEIR BASIC GREED, OF CITIZENS, COPS, CIVIL AND PUBLIC SERVANTS, PROFESSIONALS INCLUDED, THAT MAKES MANY OF THEM SADLY ALSO AN EASY TARGET FOR OR PARTICPATING IN FRAUD NOW AS WELL , some of them even next becoming also REAL crimminals never the less.
- and clergy at the 50 per cent. What 50 percent of persons do not trust the clergy? OR Funeral directors or accountants
ACTUALLY IF YOU NEXT DO SPEND ONE DAY WORKING DIRECTLY WITH A CLERGY YOUR OPINION MIGHT SIGNIFICANTLY WORSEN, FOR I KNOW MINE ALWAYS HAS.
- Majority of persons do not trust : Journalists, Labour union leaders , Provincial government officials, Building contractors , Lawyers , Bankers , Real estate agents, MPP’s/MLA’s , Car salespeople , Business executives , Stockbrokers. Politicians known to be as bad as the used car salesmen
THERE ARE NO SURPRISES HERE FOR WE SEEM TO ALSO THINK MOST OF THESE PEOPLE CAN BE EASILY BOUGHT OR WILL SELL THEMSELVES FOR MONEY
And with all the latest recession, Ponzi scandals it is not surprising that the Business executives and Stockbrokers are not trustworthy .
And most PEOPLE STILL DO THINK THAT ALL CEOs ARE SIGNIFICANTLY OVERPAID.. and even the University administrators…
Now we should note how many Canadians hate the big three, Bell Corporations , Rogers, Telus for a start as well.
Highway Thanksgiving crackdown nets 2,271 chargesThe Alberta Sheriff Highway Patrol was busy over the Thanksgiving holiday weekend making arrests that resulted in 2,271 charges against unsafe drivers across the province. Between Friday and Monday, sheriffs helped remove 22 suspected impaired drivers from the road and arrested 13 people on outstanding warrants.They also gave out tickets for:
- 1,163 speeding violations.
- 406 seatbelt infractions.
- 62 child restraint infractions.
- 42 Gaming and Liquor Act violations.
- 44 failing to stop at a stop sign infractions.