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November 12 , 2010

House of Cards (Penguin Specials)

The Inside Story of the Fall of Custom House Capital


In the summer of 2011, investors with Custom House Capital - some of whom had all their pension savings tied up with the investment house - faced a nightmare: the possibility that their money was gone, and that they wouldn't be getting it back.

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Finance journalist Niall Brady takes us behind the scenes for the first in-depth account of a disaster that has cost investors millions. He shows how clients' funds were mis-allocated to cover losses, how the Financial Regulator, though aware of irregularities at CHC for years, failed to forestall the crisis, and how it remains unclear, over a year after the scandal was uncovered, whether people will get their money back. His account of the strange culture and practices of CHC makes House of Cards a must-read for fans of Too Big to Fail and The Big Short.

Niall Brady is a chartered accountant and a journalist with the Sunday Times.

'Damning ... Brady tells the tale of how the rogues still run rings around the protectors' Shane Ross, Sunday Independent

'One of the most shocking stories to have emerged in Ireland's economic bust' Cantillon, Irish Times

'Excellent concise read. Great story' Tom Lyons, author of The FitzPatrick Tapes

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