Lacroix sends victims apology letter

The author of a $100-million white-collar scam has sent a letter to his 9,200 victims, apologizing profusely and declaring himself "already dead."

Vincent Lacroix shocked a Montreal courtroom this week by pleading guilty to 200 fraud-related charges a sudden about-face after the trust-fund manager spent years insisting he was innocent.

As he began what could be a lengthy prison stay, the former head of Norbourg Inc. sent a two-page letter to the TVA network bluntly fessing up to his misdeeds. He said he was devastated by the harm he caused.

"I was a megalomaniac and completely hypnotized," said a copy of the letter posted on the TVA website.

"I'm asking you once again for forgiveness 9,200 times over, but I understand your anger and your frustration, as well as that of the [general] public, against me. You have suffered from my criminality and it's extremely difficult to live with."

Lacroixalso said he's puzzled that so much of the victims' money is still missing.

He said he financed many purchases with their savings before declaring personal and corporate bankruptcy.

'My children do not want to be seen in public with me.' Vincent Lacroix, formerNorbourg president

But much of the missing money should be with the bankruptcy receivers and distributed to his former clients, he said.

He insisted he doesn't have any money left.

Lacroix is already in prison, but arguments to determine the length of his sentence begin Friday.

He concluded his letter on a personal note.

"My children do not want to be seen in public with me," Lacroix wrote. "I am a dead man.

"As I told a man who wanted to make me pay for the Norbourg scandal, you can hit me but you can't kill me. I'm already dead."