Thursday, May 28, 2009
You can’t go wrong with bricks & mortar…
Dubai property scandal claim emerges amid media blackout
"A major property development firm with links to the ruling family of the UAE city-state, and the firm’s marketing agency, are accused by investors, many of whom are UK citizens, of obtaining millions of pounds through the use of false construction photographs." Part of me sympathises with people who may (will?) lose their money. On the other hand, if you're willing to part with your money based on what you see in a glossy brochure, perhaps you deserve it...
Posted by papabear @ 02:06 PM (1506 views)
5 thoughts on “You can’t go wrong with bricks & mortar…”
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crunchy says:
Here we go again, another scam.
Desperate measures for desperate times. Some people just hate to take a loss, more so when it is MASSIVE!
We need a great company lawyer!
crunchy says:
The more this whole property fiasco develops the more I feel this whole thing has just been one big money game for the few, with Joe
Public thinking that they were in on it too. Much, much more to come me thinks.
nubbers says:
These people had the mentality that allowed them to buy into a massive bubble. If not this, they would have lost their money in tulips, or whatever is next on the list.
crunchy says:
3. nubbers …Gold? It seems that few things are safe when free markets are being tampered with by an endless supply of hot money in questionable hands.
icarus says:
Nobody ever went broke underestimating the intelligence of the property investing public.