In 2008 and 2009, Vancouver property developers Michael Knight and Jeff Wiegel were riding a wave of upbeat publicity over their condo project in the Delbrook area of North Vancouver.
“The Brook” was being built to LEED platinum standards, the highest certification for environmentally friendly residency, and was being financed by equity investors, rather than pre-sales, which allowed the developer and his partners to share in future price gains.
The project garnered favourable publicity in The Vancouver Sun, the Globe and Mail and the North Shore News. What these media outlets didn’t know was Knight had had a history of run-ins with the Financial Institutions Commission (FICOM) and the B.C. Securities Commission (BCSC), and had been slapped with cease-and-desist and suspension orders and financial penalties.
David Baines – Vancouver Sun – September 21, 2012.
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