The Daily Mail:
"When businessman Terry Collins was offered the chance to buy the Ritz Hotel for a knockdown price of £250million it was an opportunity that sounded too good to be true.
And it was indeed too good to be true. The hotel, with an estimated market value of around £600million, was not on the market.
Yet two conmen managed to persuade Mr Collins, co-founder of a large and reputable property company, that the hotel's owners, the Barclay brothers, were prepared to sell it at a bargain price."
Now, I'm not one to arbitrarily post something from The Daily Mail, especially since it's not the most worthy piece of news media on this planet... However, I'd originally seen this on one of the hospitality news sources to which I subscribe, and thought, "Oh, well they're a little more reputable, so I suppose it can't be all that bad." I'm not really certain in the figures TDM quote as being what these con artists had spent, as well as on what they'd spent the sum they'd philandered, but it was rather TMZ-like of them, anyway.
Still, I think this businessman should've researched his investment's worth a little more throughly before putting down the pounds, which, if he wins back, will probably be reallocated to legal fees anyway.
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