Jonathan Phelan, the FSA's Head of Unauthorised Business and scams expert explains how land banking schemes work and how to keep your money if you are contacted by scammers. More here: http://www.fsa.gov.uk/Pages/consumerinformation/scamsandswindles/investment_s...
I hope Mr Phelan and FSA are working with and sharing infomration with their peers in the MAS in Singapore . These schemes were very popular in Asia for several years and were even linked to english premier league football by TV advertising. The action in the UK may force more of these scammers offshore and the UK should not be seen to be exporting crime.
FailedInvestor 7 months ago