White Collar Crime Links

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Toronto Star series

An excellent series by the Toronto Star: highly recommended.

  • Why the OSC so rarely gets its man
    Dec 01, 2007
    More than 450 employees work at the Ontario Securities Commission. About 40% are paid more than $100,000 a year. Their dismal track record begs the question: What on earth are they doing?
  • Why white-collar crime team fizzled  
    Dec 02, 2007
    Launched four years ago to clean up markets, police squad is now best known for its failures
  • OSC chief takes it in stride  
    Dec 03, 2007
    Under fire for perceived regulatory failings, David Wilson says he 'sleeps pretty well'
  • Fraud squad lacks credibility
    Dec 04, 2007
    RCMP teams fighting white-collar crime stymied by poor leadership and complicated cases: Report
  • Richer rogues not on radar
    Dec 05, 2007
    New study on corporate crime suggests system is stacked in favour of influential industry insiders
  • Solutions to market regulation faults sought
    Dec 08, 2007
    Experts suggest changes to an ineffective system
  • Who's in charge  (Diagram)
    In Canada securities fraud enforcement is especially challenging. There are more than 30 separate agencies involved. This could charitably be recalled the Canadian enforcement mosaic

Canada

Livent

  • Curtain comes down as Drabinsky, Gottlieb to serve time
    Globe & Mail, Aug. 06, 2009
    They built a theatre empire that crumbled, bilking investors and cleaning out creditors. Now Garth Drabinsky and Myron Gottlieb are going to jail for their ‘deception' and 'dishonest dealing'.
  • Want to be a corporate criminal? Move to Canada 
    Margaret Wente, Globe & Mail, Wednesday, Aug. 05, 2009
    The real message sent to white-collar crooks like Garth Drabinsky is that, even if you get convicted, things won't be so bad. 

Bre-X

  • Felderhof verdict a blow to OSC  
    Toronto Star, Aug 01, 2007
    Regulator fails to win conviction in biggest mining scandal in nation's history
  • Shock greets Bre-X verdict  
    Toronto Star, Aug 01, 2007 
    The seven-year trial, the only criminal case to be launched in the Bre-X fiasco, came to a conclusion in front of a packed Toronto courtroom as Justice Peter Hryn acquitted Felderhof on all eight charges.
  • Why the RCMP didn't get their man 
    Calgary Herald, May 28, 2007
    The trail stretched from the tangled jungles of Indonesia to the well-scrubbed streets of Calgary, but it finished with a frank admission in a news release.
  • Bre-X in Hindsight: What We Know About The Busang Gold
    Robert E. Ankli and Sheila Varadan, Univ. of Guelph
    This paper examines the events surrounding the Bre-X scam in the early to mid-1990s, setting out what we know and don't know. 

CIBC World Markets

  • CIBC closes books on Harry Migirdic affair
    In the wake of a scathing June judgment by Superior Court Judge Jean-Pierre Senecal, who ordered the CIBC to pay more than $3 million to a retired couple who had been misled by former Montreal broker (and CIBC Wood Gundy vice-president) Harry Migirdic, it has settled out of court with more than a half-dozen other onetime clients of Migirdic.
  • Quebec Courts once again award considerable punitive damages
    Legal commentary by Nichol Paskal-Mede LLP: "Court was of the opinion that CIBC had committed an abuse of the judicial system (by lying in its defence, by hiding essential facts, by obstructing judicial debate..."
  • Markarian v. CIBC World Markets Inc.
    Text of the judgment handed down by Judge Senecal. This includes a detailed account of the evidence prevented.