You are a Canadian investor. Do you know where your money is?
You need to arm yourself with the right information. You need to learn to read between the lines of financial reports and statements. You need to follow the money when you suspect that accounting tricks are in play to produce misleading results or offer false prospects of the performance of your investments.
You need the advice of Al and Mark Rosen.
“Much of the appeal of the book lies in its uninterrupted, extensively documented presentation of arguments and proposed remedies. Investors, analysts and all other users of financial statements should do themselves a service and read Swindlers.”
Former Managing Director of CIBC World Markets
“If ever there was a need for an authoritative accounting of the financial sector, it is now when ordinary investors are understandably puzzled and worried about their futures. It surely should be a must read for anyone embarking in the market.”
Member of Canadian Senate
The preeminent thought leaders in forensic and investigative accounting, the Rosens point out that ‘Canada produces more stock fraud, at least per capita, than do other countries’. Calling upon their extensive collective experience in dealing with corporate fraud within Canada’s regulatory system, Al and Mark Rosen make it clear Canadian equity investors are on their own.
Corporate Knights (The Globe and Mail)
Harsh words, indeed. But all too true, in my opinion. After working as a business journalist in Toronto, Vancouver and Edmonton for three decades, I can only agree with the book’s dire assessment. In Canada, it’s investor beware. Even when caught with their hands in the cookie jar, most crooks get off with a slap on the wrist, or a negotiated settlement with no admission of guilt.
Edmonton Journal
It’s already clear to me that serious investors need to read this book. Swindlers, scam artists, flim-flams and Ponzi schemes are attracted to Canada because they know they can get away with their shenanigans. Even if they get caught, they know they’ll receive only a slap on the wrist. And chances are good that they won’t get caught at all.