Boiler room gang jailed over £7.5m landbanking fraud

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Four men have been jailed over a boiler room scam that defrauded 193 vicitims of £7.5m through a scheme selling land at inflated prices.

The men were sentenced following an investigation by City of London Police. The details of the case can only now be made public after reporting restrictions were lifted.

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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.

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