Latest / Edmonton News Today | 2 Min News | The Daily News Now!
Sunterra Group Assets Up for Sale | Edmonton News
Sunterra Group, the company behind Sunterra Markets across Canada, is facing a dramatic downfall after being slapped with a $35 million judgment for a massive cheque-kiting scheme. Under court supervision, its assets—including markets in Calgary, Edmonton, and Red Deer, plus international agribusinesses—are now up for sale or investment to help restructure. The scandal, uncovered by U.S. lender Compeer Financial in early 2023, involved fraudulent cheque transfers between Canadian and U.S. accounts, with CEO Ray Price personally held liable. With a restructuring advisor now on board, the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.