ITRA Online Blog

0

Scammers jailed for £3m land banking fraud that tricked hundreds across the country

FIVE people have been jailed for a combined total of 29 years for being part of a £3m land banking fraud which scammed more than 300 victims from across the country.

Land banking fraud involves investors being contacted with cold calls, mail shots, brochures or websites and encouraged to purchase plots of land in the belief they are investing in land that will significantly increase in value. read more

0

Investors left in the lurch as diamond firm Asia Fine Diamonds folds up

Owner of firm, which promises 30% returns, goes missing; staff not paid for two months

Along with other customers of Asia Fine Diamonds (AFD), Mr Stephen Yeo learnt the hard way that diamonds are not his best friend after his investment in rare coloured diamonds went awry.

Last December, Mr Yeo, 55, who works in the medical sector, invested $17,785.12 in a 0.21-carat round cut diamond – described as “fancy intense purplish pink” – from AFD. He never laid hands on it. read more