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