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country wide land holdings
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Why anybody would hand over thousands of pounds without having some sort of contract confirming what they are getting.
Oh, I am sure they did. The mistake was probably in not getting independent legal and financial advice.No reliance should be placed on the above! Absolutely none, do you hear?0 -
Oh, I am sure they did. The mistake was probably in not getting independent legal and financial advice.
Thats the bit I don't get.
But I do have to say that when I read a prospectus from a land banking company, it was pretty obvious that there were no guarantees of certain profits within any fixed time.0 -
Oh, I am sure they did. The mistake was probably in not getting independent legal and financial advice.
If "due diligence" had included a Google search.........................
And a Companies House search.........
Accounting Reference Date: 30/06
Last Accounts Made Up To: (NO ACCOUNTS FILED)
Next Accounts Due: 28/11/2006 OVERDUE
Last Return Made Up To: 28/01/2009
Next Return Due: 25/02/2010 OVERDUE0 -
Get the impression that most that signed up were just blinded by greed at the thought of doubling or trebling their money in a very short period of time, and did not want to consider the obvious risks even if they were pretty obvious.0
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sorry about typo - the email address is [EMAIL="enquiries@companieshouse.gov.uk"]enquiries@companieshouse.gov.uk[/EMAIL] I have amended the post above.0
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Get the impression that most that signed up were just blinded by greed at the thought of doubling or trebling their money in a very short period of time, and did not want to consider the obvious risks even if they were pretty obvious.
Ah, 'they were blinded by greed' and that's why it was okay to defraud them - I've got your point now! And I guess that if people are a bit mean-spirited about giving their old clothes to charity it's okay to set fire to their homes. Yes, your moral stance is very clearly thought out.
No reliance should be placed on the above! Absolutely none, do you hear?0 -
Ah, 'they were blinded by greed' and that's why it was okay to defraud them - I've got your point now! And I guess that if people are a bit mean-spirited about giving their old clothes to charity it's okay to set fire to their homes. Yes, your moral stance is very clearly thought out.[/QUOTE
Have you any other explanation as to why people got into these deals offering 300% returns?
No problem with that, but don't complain when the gamble doesn't pay off.0 -
Many of the people who took these out were a bit greedy, granted, but does that make it okay to defraud them? Yes or no?
"don't complain when the gamble doesn't pay off" - look if the deals had ever had any reasonable chance of succeeding, I doubt the buyers would be complaining.No reliance should be placed on the above! Absolutely none, do you hear?0 -
Many of the people who took these out were a bit greedy, granted, but does that make it okay to defraud them? Yes or no?
"don't complain when the gamble doesn't pay off" - look if the deals had ever had any reasonable chance of succeeding, I doubt the buyers would be complaining.
According to a government (I think) website which I can possibly find again, they reckon around 1% of these plots will get planning permission within the next 20 years. Thinks the odds of getting a big win on the lottery are probably similar, but I do not hear the losers wanting their money back.
Found the linkhttp://www.learnmoney.co.uk/advice/advice-87.html0 -
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