Jobless Trucker Runs Off with $2M in Ritz Scam
LYNN NEARY, host:
Our last word in business is putting on the Ritz. When property buyer Terry Collins was told he could buy one of London's finest hotels using only a $2 million down payment, he jumped at the chance. The Ritz is owned by the famously reclusive Barclay twins, so Collins didn't question why they weren't involved in talks. Needless to say, the twins' purported agent was really a jobless truck driver who skipped town with the money. Details came out in a London court yesterday. Collin's investors are suing to get their money back.
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