I think it all started with Lastman and his crew. The ***** that that guy pulled is almost laughable...the Shephard subway line that cost $1B that nobody uses, buying $10M worth of computers for $80M, the Empress condo scam, and those are just the ones that are well-known. I can only imagine what went on that we never found out about. I just noticed the other day that Bad Boy is now re-named to Lastman's Bad Boy, I guess capitalizing on his "celebrity" status further.
edit: That Redline seems okay but for $600+shipping, I think you can find something better on CL. You could even convert it (if it has to be fixed) for a pretty cheap price. The fixed wheelsets on eBay are getting really low in price nowadays, something pretty good can be had for $150 or so.