Land Banking Fraud
If you've come here to look at the building plots being sold in the meadow, please consult a solicitor before parting with any money - especially the 10% non-refundable deposit. There is no planning permission, it is not scheduled for development, nor is it likely to be scheduled for development in the near future. The so-called road access is a bridleway and footpath in one direction and a field gate from the other. Both are single-track and there is practically no likelihood that they will ever be anything else.
Ask yourself: If this land is so valuable, why does the owner want to sell it so cheaply and quickly? It would make more sense to hang on to it until it becomes worth the sums claimed.
Notice near Milton KeynesThe credible expectation that Milton Keynes and its borough will continue to grow has provided a convincing back story for land banking scams.
Read more about this topic: Expansion Plans For Milton Keynes
Famous quotes containing the words land, banking and/or fraud:
“Remember that you were a slave in the land of Egypt, and the LORD your God brought you out from there with a mighty hand and an outstretched arm; therefore the LORD your God commanded you to keep the sabbath day.”
—Bible: Hebrew, Deuteronomy 5:15.
See Exodus 22:8 for a different version of this fourth commandment.
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)
“Things gained through unjust fraud are never secure.”
—Sophocles (497–406/5 B.C.)