Following the arrest of five people suspected of land banking scams the UK Daily Telegraph reports The Financial Services Authority (FSA) has warned investors to be wary of property developers selling plots of land with the promises of riches to … Continue reading
Profitable Group was advertising estimated 250% returns within 3 years in October 2008 on national TV in Singapore. It is November 2011 which is 3 years and one month and where are those returns now we wonder ? Some … Continue reading
http://blogs.mirror.co.uk/investigations/2011/11/landbanking-the-sales-pitch.html UK Landbanking: the sales pitch The crucial stage of any landbanking scam is convincing potential investors that the land for sale could get planning permission, which would hugely increase its value. Here’s what happened after Andrew Penman posed as … Continue reading
http://www.dailymail.co.uk/news/article-2052932/Warning-landbanking-scams-investors-sold-worthless-plots-number-cases-double-years.html Britons have been told to beware of ‘landbanking’ scams after figures released today showed that they had doubled in just two years. The details released by the Insolvency Service found that the scams, which see investors sold worthless plots … Continue reading
http://www.bis.gov.uk/insolvency/Companies/What-is-landbanking/landbanking-case-study This is the case study of someone who fell victim to a landbanking scam. “I am a fool when it comes to investment. I could make money during the long periods of stock market growth, up to 2007, but … Continue reading
