Stock Frauds : Dan and Carol Get Busted - the fifth estate

A tale from the shadier side of the stock market - from the streets of Montreal, but with a cast of characters right out of a Hollywood movie.

A joint investigation by the fifth estate and Radio-Canada’s Enquete program digs into the often dubious Montreal-based penny stock promotion business and raises questions about how Quebec’s financial market regulators failed to stop certain promoters who were allegedly cheating thousands of investors across North America.

There are the “the young wolves” - who allegedly made tens of millions of dollars manipulating the stock markets. One was indicted in the U.S. for a multi-million dollar “pump and dump” scheme. Another was ordered by a U.S. court to pay close to $4 million for alleged penny stock fraud. But Quebec never went after them.

Then there is “The Collector”– a long-time friend of some of Montreal’s top underworld wiseguys who wanted in on the action.

But the full force of the law would only come down on Dan Ryan and his wife Carol McKeown. They made money in the same penny stocks promotion racket...but their success attracted the sharks. And now they face financial ruin – and lengthy court battles.

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About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

Видео Stock Frauds : Dan and Carol Get Busted - the fifth estate канала The Fifth Estate