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Sunterra Group in Court-Ordered Restructuring | Calgary News
Suntterra Group, a major Alberta-based business with U.S. farming operations, is in court-supervised restructuring after being found liable for $35 million in losses from a massive cheque kiting scheme. A judge ruled the company and its president, Ray Price, responsible for repeatedly manipulating cheque float between Canadian and U.S. accounts to cover withdrawals — a scheme that bankrupted American lender Compeer Financial. Now, under creditor protection since April 2025, Sunterra is actively seeking investors or buyers to explore options including recapitalization, asset sales, or full…
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