Canadians are losing in excess of $20 billion per year due to fraud and wrongdoing. Studies in 2007 suggest the losses could be much higher. This problem is covered up so the public remains unaware of its magnitude. Many seniors have lost their life savings and are suffering in silence. Some victims have managed to recover a portion of their losses through civil litigation but are forced to sign gag orders and don't speak out.
Many investigative journalists have written about specific cases. The list is long from Bre-X to Berkshire's Thow. Crocus, Livent, Nortel, Portus ... An endless list.
Now CTV W5 is airing a program on April 26, 2008 at 7:00 p.m. which should prove interesting.
Monday, December 24, 2007
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