The case of vanishing bonds | FP Street | News | Financial Post
In 2005, a retired psychologist moved her account to BMO Investor Line from BMO Nesbitt Burns. One of the investments was a bond issued by Olympia & York, once the owner of prime real estate in Toronto, London and New York. O&Y has been bankrupt for about two decades. The Reichmann family, founders of O&Y, retained some of the assets in that bankruptcy. It seemed that fact escaped the folks at BMO Investor Line
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