Sunterra engaged in cheque kiting, liable to U.S. lender for $35M, judge finds

Sunterra engaged in cheque kiting, liable to U.S. lender for $35M, judge finds

Alberta-based Sunterra committed “cheque kiting” and is liable to American lender Compeer Financial for $35 million, a judge has ruled in a civil action. The ruling also found Sunterra’s president personally responsible for the debt.

Court Finds Sunterra Liable for $35M in Cheque-Kiting Ruling

An Alberta court finds Sunterra liable for $35 million in cheque kiting, with the company’s president held personally responsible amid ongoing restructuring. The post Court Finds Sunterra Liable for $35M in Cheque-Kiting Ruling appeared first on Retail Insider.