I worked for a fortune 500 company when this scheme was uncovered:
A label vendor had a closed door meeting with the head of purchasing. The vendor said he was going to add $.005 to the cost of each label. (This company bought 10's of millions of labels/year.) The purchasing guy was the same guy who approved the purchase orders. When the the bills were paid, the vendor kicked back half of the overpayment to the purchasing guy. The purchasing agent and the vendor both got rich, the company lost hundreds of thousands of dollars.
So I ask you, why would Wilmington pay $6,000,000 for contaminated property? Just asking because the deeds of trust total $4,750,000.
(Noting that the deeds of trust are not necessarily what the property is worth, either.)
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