Jobless Trucker Runs Off with $2M in Ritz Scam When property buyer Terry Collins was told he could buy one of London's finest hotels with 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. But the twins' purported agent was really a jobless truck driver.
NPR logo

Jobless Trucker Runs Off with $2M in Ritz Scam

  • Download
  • <iframe src="https://www.npr.org/player/embed/89750310/89750274" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Jobless Trucker Runs Off with $2M in Ritz Scam

Law

Jobless Trucker Runs Off with $2M in Ritz Scam

Jobless Trucker Runs Off with $2M in Ritz Scam

  • Download
  • <iframe src="https://www.npr.org/player/embed/89750310/89750274" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

When property buyer Terry Collins was told he could buy one of London's finest hotels with 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. But the twins' purported agent was really a jobless truck driver.

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.

Copyright © 2008 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.