Friday, August 8, 2014

Thieves of Bay Street: Bruce Livesey

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

Global TV producer Bruce Livesey delivers a series of compelling anecdotes describing the various flaws and shortcomings of Canada’s financial system, and the largely ineffective government bodies designed to regulate them.
One reader of Mr. Livesey's book seems particularly irked by it's content ... convicted fraudster Mr. Conrad Black.

Mr. Black, a fraud felon and ex-con, is seeking damages for libel from the publisher, Random House. At various times Mr. Black has sued, or threatened to sue, shareholders of Hollinger, former business associates, the Huffington Post, the Toronto Star, and many, many others.
Black was convicted in U.S. District Court in Chicago on 13 July 2007 and sentenced to serve 6.5 years in federal prison and pay Hollinger $6.1 million, in addition to a fine of US$125,000.

Black was found guilty of diverting funds for personal benefit from money due to Hollinger International, and of other irregularities. The embezzlement occurred when the company sold publishing assets. He also was found guilty of obstruction of justice. Black ended up serving 37 months out of a 42-month sentence in a Florida prison, and was fined $125,000.
On January 31, 2014 Black was removed from the Order of Canada and stripped of his honorary position in the Privy Council of Canada, on the recommendation of Prime Minister Stephen Harper.

According to Will Ferguson, author of Canadian History for Dummies, “Black was revealed to be a swindler on a grand scale.” Noting that the Canadian history magazine The Beaver is running a contest to name “the worst Canadian ever,” Ferguson points out that Black, “having forsaken his own country and been convicted of swindling his shareholders, is one of the top nominees.”

"Thieves of Bay Street" is available at Amazon

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