Friday, Dec 07, 2012

Unravelling

DM: Land banking fraud jailed

Two men have become the first in Britain to be jailed for land banking fraud today after conning elderly and vulnerable people out of £3million.
Well, this has been ravaging for years and I can still see thousands land bank ads on rightmove. I am shocked that only one is caught so far. Crime really pays, I suppose.

Posted by peter_2008 @ 02:29 PM (1203 views) Add Comment

7 Comments

1. drewster said...

Wait, so it's a crime to sell something that's "massively over-priced" or to market it as a "sound investment"? In that case I'd like to report a crime being committed by every property owner in the country.

Friday, December 7, 2012 02:52PM Report Comment
 

2. dill said...

They're all in it together. Land and property has become a dirty business in Britain - all state sponsored, of course.

Friday, December 7, 2012 03:30PM Report Comment
 

3. mark said...

i am surprised they didnt run to south america they just get too greedy then get caught

lol

Friday, December 7, 2012 03:43PM Report Comment
 

4. vinrouge said...

Two men have become the first in Britain to be jailed for land banking fraud today after conning greedy people out of £3million.

Corrected for you.

Friday, December 7, 2012 07:56PM Report Comment
 

5. novice pete said...

Two greedy, unscrupulous men have become the first in Britain to be jailed for land banking fraud today after conning greedy (and probably unscrupulous at some point in time) people out of £3million.

Re-corrected for you.

Saturday, December 8, 2012 01:03AM Report Comment
 

6. novice pete said...

Anyway i'm off to get some go,mint money to start up my own Pay Day Loan business, woah yeah! Beats dat ole shoe shine boy Sh*t.

Saturday, December 8, 2012 01:13AM Report Comment
 

7. libertas said...

Again. Land banking is best tackled by ending disincentives for saving in banks.
- End tax on interest earned on bank accounts.
- Allow interest rates to rise to a sustainable market level.

In addition, this may sound counter-intuitive, but end government guarantees for bank deposits. Banks will then, rather than rely on unthinking government backing, be forced to use private sector insurance companies for deposits. Those insurance companies will scrutinize actual risk to deposits, leading banks to take less risks. As a result, they will invest in real, productive businesses rather than ponzi schemes, to ensure that insurance premiums are sensible. Presently they pay a fixed premium to government for deposit protection.

Sunday, December 9, 2012 10:46AM Report Comment
 

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