Two men found guilty in the massive Norbourg fraud scheme have been handed eight-year prison sentences.
Jean Cholette and Serge Beugré were each found guilty of more than 100 counts of fraud last spring.
Cholette worked as a controller at the financial company, and Beugré was its director general.
Superior Court Justice Marc David said in Montreal Friday that an exemplary sentence was necessary and that dissuasion trumped rehabilitation.
David said lengthy prison terms were the only way to send a strong message.
The Crown had sought nine years for Cholette and 10 for Beugré.
The Norbourg fraud is one of the largest in Canadian history, with some 9,200 investors being fleeced out of $115 million.
Vincent Lacroix, the mastermind behind the fraud, was sentenced to 13 years in prison after pleading guilty to about 200 fraud charges.
He was paroled last January after serving one-sixth of his sentence. He is living in a halfway house.
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