MONTREAL - Former Norbourg president Vincent Lacroix, who was convicted of defrauding 9,200 investors of millions of dollars, is getting full parole.
The National Parole Board says in a decision released Thursday that Lacroix will be eligible for full parole on Sept. 27.
The board says it has no reason to believe Lacroix will commit any crime involving violence.
Lacroix was convicted in December 2007 of 51 securities violations and then sentenced to 12 years in prison less a day.
The sentence was later reduced to eight-and-a-half years and eventually to five years less a day.
Lacroix is also facing a criminal trial.
