Lacroix, Lambert, Landolt, Latsis

Plusieurs victimes l’ont soupçonné d’avoir déposé quelques millions de dollars dans des abris fiscaux, à Nassau, aux Bahamas, et même à Fribourg, en Suisse, où il se rendait régulièrement lors de nombreux voyages d’affaires.

–Yvon Laprade, Autopsie du scandale Norbourg, Québec Amérique, 2009, p.21.


45. Lacrois, Vincent   (1969-     )

Convicted in 2007, and again in 2009 of defrauding 9,200 investors in the Norbourg Financial Group trust fund he had set up in Montréal. Lacroix was found guilty of diverting $115 million (CAD), using much of it for himself and his employees. The Norbourg scandal is considered to be the biggest financial scandal to have ever taken place in the Province of Québec. The Canadian public was outraged by Lacroix’s callous embezzlement of the retirement funds of his modest investors. Often compared to Bernie Madoff, the American Ponzi scheme swindler who was sentenced to 150 years in prison in 2008 after embezzling his investors of $150 billion (USD), Lacroix was reviled, especially when he was released to a half-way house (“maison de transition”) after serving only 17 months of his 18 year sentence.


During his trial, it was revealed that Lacroix was a huge “party animal” who spent fabulous amounts of money in nightclubs. He withdrew hundreds of thousands of dollars from the accounts of his investors to pay for extravagent dinners at high-class restaurants, a box at Bell ice-hockey stadium where he watched his beloved “Canadians” with his cronies from Norbourg and reps from mutual funds,  more hundreds of thousands for trips to the Bahamas and Cuba so that he and his collaborators (accomplises) could “recharge their batteries,” $338,221.98 for transatlantic flights to Switzerland for his staff—and on one occasion—a  gaggle of “danseuses” from his favorite Montréal nightclub, Chez Parée, $47, 631.46 to pay for lodging at Fribourg’s N.H. Hotel and endless rounds of drinks at the Embassy nightclub downstairs, and a $78,000 “gift” that one of his collaborators (a certain Eric Asselin) sent to a female employee of the Embassy nightclub! The list goes on and on. See: Yvon Laprade, Autopsie du Scandale Norbourg, ch. 15 “Party Animal.”

While the ‘Norbourg”entourage was slurping pints of local beer on the terraces of Fribourg’s  cafés and Lacroix was cavorting in the narrow streets of “la cité catholique,”  the hard-earned savings of their modest investors were being frittered away. See: Autopsie du Scandale, ch. 17, “une Auberge, un Resto.”


Typical of a high-roller with an over-sized ego, Lacroix had big plans for his Fribourg operations, but in the end his reputation took a hit when he was involved in a scandal concerning a Vaudois teachers’ pension. He was also accused of “tricking” his Fribourgois representatives. He even concocted a scheme to get one of them to set up a phony loan contract that was going to be used to trick the Canadian tax authorities into thinking that he had a large sum available in a Swiss bank. See: Autopsie du Scandale, ch.12 « La Suisse. »


Fribourg cos. :  Eurobourg Holding SA, Prise de participations dans d’autres   entreprises, en Suisse et à l’étranger, notamment dans le domaine du conseil financier et de la prestation de tous services financiers,  Cap 0,2.  (20.12.02)  Route de la Glâne 107, Villars-sur Glâne FR

  Eurobourg Services Financiers SA, Représentation en qualité de Conseiller financier, prestation de tous services    financier et de gestion de fortune,  Cap 0,2.  (28.8.02)  Route de la Glâne 107, Villar-sur-Glâne FR

  DISMATIN SA, Financement de toute activité économique et prise de   Participation, Cap 0,05 (17.8.99, 3.12.03)    Route de la Glâne 107, c/o NBA Fiduciaire SA

 Tercio Trust SA, La prise de participations dans toutes sociétés à l’étranger principalement dans l’hȏtellerie, Cap  0,1.  (7.2.85) Route de la Glâne 107, c/o NBA Fiduciaire SA

« I’m very good at ‘cleaning out’ little old people. »

Baron Philippe and Baroness Marion Lambert

46. Lambert, Baron Léon   (1928 – 1987) ; Lambert, Baron Philippe (1930 – 2011)

Baron Léon Lambert was a famous art collector and prestigious Belgian banker. In 1971, he set up with his cousin, Elie de Rothschild, the highly successful Artemis Art Investment Fund in Luxembourg. Baron Lambert was the former chairman of Compagnie Bruxelles Lambert and of Banque Bruxelles Lambert (which was bought by the Dutch banking and insurance group ING in 1997 for $4.53 billion). He was the great-grandson of Baron James de Rothschild and the great-great grandson of Samuel Lambert, who established the family-owned Banque Lambert in 1840.

On September 3, 1976 the Drexel Burnham Group merged with Baron Lambert’s “research boutique” Lambert Bruxelles Witter, thus creating what was to become the Drexel Burnham Lambert colossus, America’s fifth largest investment bank. Baron Lambert was on the board of Drexel Burnham Lambert along with his colleague Baron Albert Frère when Drexel was forced into bankruptcy by the US government in 1990 because of securities violations involving its “junk bond” business. In 1975 the Lamberts invested in Ivan Boesky’s first arbitrage business (see Ivan Boesky and Albert Frère, nos. 11 & 31 above). In 1987, Boesky was convicted in New York of massive insider-trading.

Michael Milken, Drexel’s disgraced junk bond guru walking with his lawyer in 1988.

Baron Lambert passed away on May 29th, 1987. It has been rumored that he died of AIDS.

Upon Léon’s death, his Geneva-based brother, Philippe, inherited the title “Baron” Lambert. In October 1997, Vincent Meyer, the 46-year-old grandson of André Meyer, a founder of Lazard Fréres and financial advisor to Jacqueline Onassis, was arrested in Geneva and charged with the rape and manslaughter of Baron Philippe’s daughter Philippine. After a long battle with depression, Philippine, who had been a student at NYU in New York City, committed suicide in August 1997 at the age of twenty. Even though Meyer had admitted to a sexual relationship with Ms Lambert (short of full intercourse) when she was 12-14 years of age, a Swiss court ruled in February, 2001 that there was insufficient evidence to bring the case to trial.

Fribourg co. : Lambert Frères SA, Acquisition de titres de tous genres,participations à d’autres entreprises, achat et vente de biens mobiliers, notamment de brevets, marques de fabrique et droits de licence,Cap 0,05. (2.5.84)  Rue de l’Hȏpital 3. Chez Fiduciaire Général SA

Banque Bruxelles Lambert in Geneva designed by Mario Botta


47. Landolt, Marc-Edouard, “Marco”   (1942 – 2005)

Deceased eldest son of Nicole Landolt, the only grandchild of Sandoz AG founder Edouard Constant. Since the $27 billion merger between Ciba-Geigy and Sandoz in 1996, the Landolts, with a 3% stake in the resulting Novartis AG, the world’s largest pharmaceutical company, have seen their family fortune triple to about $7 billion. The Landolt family owns the Beau Rivage Hotel in Lausanne on Lake Geneva, one of the last grand palace hotels in Europe. The 2015 negotiations for the Iran nuclear deal were held at the Beau Rivage.

Fribourg co. :  Sodereal Holding SA, Participations, Cap 55,6.  (17.8.77,     7.5.85)  Grand Places 16





48.  Latsis, Spiro J.  (1946 –     )

Son of billionaire Greek shipping magnate Yiannis Latsis who gave (!) the Atlantis, often described as the most opulent yacht in the world, to King Fahd of Saudi Arabia. It was on this ship, renamed the Abdul Aziz, that CIA Director William Casey met with Fahd in 1984 to discuss secret plans to finance the Nicaraguan contras.

Latsis lent his own yacht, the Alexander, on several occasions to dignitaries and celebrities such as George H.W. Bush, Marlon Brando, and Prince Charles.

Latsis, who supported the military junta in Greece, was also apparently a large contributor to the British Conservative Party (See: John Smith in the “House of Commons Hasard Debates,” 6/22/93).

Spiro is usually ranked as Greece’s richest person, although he lives in Geneva where he directs his family’s financial holdings, which after moving away from shipping, are essentially in banking and petroleum.

The Alexander

Fribourg foundation : Fondation Latsis Internationale, La promotion et l’encouragement de la  recherche dans le domaine des sciences naturelles sociales et des sciences appliquées, notamment de la pétrochimie, dessciences économiques, de la philosophie des sciences et de l’histoire des sciences. Elle réalise son but principalement en subventionnant des travaux de recherches, en accordant des subsides ou des bourses aux chercheurs et aux universitaires de toutes nationalités qui se consacrent aux divers domaines mentionnés ci-dessus et en attribuant des prix et récompenses pour des travaux important et inédits relatifs aux domaines scientifiques définis ci-dessus. Elle peur faire des dons aux établissements d’enseignement supérieur de tous pays pour leurs besoins d’équipement et de recherches,   (18.10.75, 26, 10.85)  Rue de Romont 14. Chez Me J.-M. Cottier, avocat et notaire

Yiannis « John »Latsis (1910-2003)



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