Last March, pursuant to a joint recommendation on sentencing, the Court of Quebec sentenced Richard Longpré, a former life insurance representative and mutual funds broker, to a fine of $724,000 and to 24 months, less one day, of imprisonment.  Longpré pleaded guilty to 133 charges of having acted illegally in his capacity as a securities broker and having provided false and misleading information to investors.  Longpré claimed that the proposed investment was without risk and promised an annual return of 8%.  Longpré admitted that he caused a loss of $1.3 million to 34 investors over a period of 12 years.  The decision on sentencing rendered by the Court of Quebec has not been made public… yet. See press release issued by the AMF on April 8, 2016:  AMF Press Release