"He was found out during a bank audit. An accounting of what receivers were able to recover included 17 pieces of property, at least 40 automobiles, with brands that included Lexus, Corvette and Mercedes Benz, as well as a handful of rare muscle cars. The most valuable being a rare yellow and black 1971 Plymouth ‘Cuda convertible.

The cars, along with designer watches and fine furniture, went up for auction weeks before Lysyk’s guilty plea, raising approximately $1 million toward the bank’s missing money

Lysyk also admitted to taking more than $4 million for himself. The married banker said he gave another $3.5 million to one of the girlfriends and another $3.5 million to the rest of the girlfriends."

www.ctvnews.ca

Once a full accounting of how Nick Lysyk stole approximately $16 million from the Bank of Montreal was tallied, the disgraced bank manager made the decision to plead guilty in August 2004, to more than 60 counts of fraud over $5,000.