Thieves of Bay Street: How Banks, Brokerages and the Wealthy Steal Billions from Canadians

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		Thieves of Bay Street: How Banks, Brokerages and the Wealthy Steal Billions from Canadians
		Thieves of Bay Street: How Banks, Brokerages and the Wealthy Steal Billions from Canadians

Beneath the veneer of stability that saw Canada's banking sector through the financial crash of 2008, investigative reporter Bruce Livesey has uncovered a rampant failure of epidemic proportions. Though no large financial institution has recently gone bust in this country, white-collar criminals, scam artists, Ponzi schemers and organized crime, from the Hells Angels to the Russian mafia, know that Canada is the place in the Western world to rip off investors. And the fraudsters do so with little fear of being caught and punished.
 
Thieves of Bay Street investigates Canada's biggest financial scandals of recent years. Readers will learn what banks do with investors' money and what happens when they lose it. They will meet the bogus investment gurus, the brokers who lose money with both reckless abandon and impunity, the bankers who squander money in toxic investments, the lawyers who protect them and the regulators who do nothing to keep them from doing it again. And most importantly, they'll meet the victims who are demanding that our vaunted banking sector finally come clean on its dirtiest secret.

 

媒体推荐

FINALIST 2013 – Arthur Ellis Awards—Best Crime Non-Fiction

"Excellent.... Livesey arms investors with a sense of hope and purpose with recommendations on how to be more protective and proactive in avoiding losses in the future.... Thieves is well written, easy to read and packs a punch, chapter after chapter."
—The Globe and Mail

"Essential reading not only for those with money to invest, but anyone concerned about the path to social and economic ruin we are following."
—The Record (Kitchener)

"Compelling.... Livesey's writing is punchy and persuasive, fuelled by intelligence."
—Winnipeg Free Press

作者简介

BRUCE LIVESEY is an award-winning investigative journalist. His writing has appeared in most major magazines and newspapers in Canada. He also has extensive experience as a television producer, working for the investigative unit of CBC TV's The National, the fifth estate and CBC News Sunday, as well as outside Canada for a co-production of PBS Frontline and the New York Times, Al Jazeera English, Discovery Channel and Al Gore's Current TV. He is a co-winner of a Dupont Award, one of the most prestigious USA television awards, a Canadian Association of Journalism award, and has been nominated for 2 Geminis and 3 National Magazine Awards, winning in 1998.

网友对Thieves of Bay Street: How Banks, Brokerages and the Wealthy Steal Billions from Canadians的评论

I absolutely loved this book and could not put it down! A lot of insight into recent securities scams, corporate frauds and thefts in Canada and our lax regulatory environment that allows these things to continue to happen. I was familiar with many of the high profile cases that the author discussed like Conrad Black and Earl Jones. But, I was amazed to hear the stories of many innocent investors that had been duped by their investment advisers, bilked of their lifetime savings, and how our provincial securities commissions have allow this to happen. Many of these investment advisers continue to operate in the industry today. The book really showed me that our investments are not as safe as we might have thought and that no one is really looking out for the average investor.

Eye-opening for those na?ve enough to believe in Santa Claus, the Tooth Fairy, and investment oversight in Canada.

Canadians stupidly feel that they have sounder financial institutions than the U.S. This book clearly shows the limitations of this belief. In addition, it shows that there is one set of rules for the well- off and another set for the rest of us.

This is a very revealing book about all the ways that investors are being swindled. At first I could not believe what the CIBC did to one of its clients, but then I found the court documents on-line and it is true.

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