[UtakataNoAnnex]

Supposedly they only had $1 million in equity based on a New York Times report.

Therme 'misrepresented itself' to secure Ontario Place spa deal with province: New York Times

A New York Times investigation has found that luxury spa company Therme "misrepresented" itself in order to secure a lucrative deal in Toronto.

toronto.citynews.ca

The thing about grifting is that it's all well and fine to point out there are suckers born every moment, but when it's government being suckered we could end up with broken promises, wastelands where iconic assets once stood and the perps of such walking away with public money...

...as it seems about where this is all going currently. /sigh

 

[picard102]

How is this a grift?

 

[UtakataNoAnnex]

...I'm not sure how it's not. >.<

 

[narduch]

...I'm not sure how it's not. >.<

Maybe because it's not small scale?

Its a massive swindle

 

[picard102]

...I'm not sure how it's not. >.<

What's the grift? Who are they stealing money from?