Thieves of Bay Street by Bruce Livesey
How Banks, Brokerages and the Wealthy Steal Billions from Canadians

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There will still be frauds and pitfalls, but they will be fewer if investors become more vigilant. Thieves of Bay Street will spur them to be just that.
-National Post arts

Synopsis

A newsmaking exposé about why Canada's financial industry is a haven for fraud.
 
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.


From the Hardcover edition.
 

About Bruce Livesey

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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.


Author Residence: Toronto
 
Published March 27, 2012 by Random House Canada. 322 pages
Genres: Biographies & Memoirs, Business & Economics, Education & Reference. Non-fiction
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Critic reviews for Thieves of Bay Street
All: 3 | Positive: 3 | Negative: 0

Globe and Mail

Excellent
Reviewed by Ls Al Rosen on Jul 01 2012

Thieves is well written, easy to read and packs a punch, chapter after chapter. Those wanting additional details should also consult the book’s extensive source notes.

Read Full Review of Thieves of Bay Street: How Ba... | See more reviews from Globe and Mail

National Post arts

Above average
Reviewed by Andrew Allentuck on May 18 2012

There will still be frauds and pitfalls, but they will be fewer if investors become more vigilant. Thieves of Bay Street will spur them to be just that.

Read Full Review of Thieves of Bay Street: How Ba... | See more reviews from National Post arts

National Post arts

Above average
Reviewed by Andrew Allentuck on May 18 2012

All that does not diminish the value of Thieves of Bay Street. It is, as they say in the blurb biz, hard-hitting.

Read Full Review of Thieves of Bay Street: How Ba... | See more reviews from National Post arts

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