Inside Track goes into administration.

Alan_M_2

m00m00 wrote: »

it's not the buyers of the property I was inferring the fraud was related to

it's the banks who have been potentially defrauded through false valuations etc

These won't be banks, these will be Chartered Surveyors employed by the banks.

These surveyors are obliged to have professional indemnity insurance to cover this very problem and the banks do not hesitate to litigate if they feel the surveyors were negligent in their valuations. Hundreds of these firms went out of business last time round, maybe it will happen again who knows.

monkeybutler_2

Is "blinded by greed" this forums version of The Mails "It's political correctness gone mad"?

neverdespairgirl

Tassotti wrote: »

Within HALF AN HOUR, I realised these companies were a rip-off. It is called due dilligence.

I think it's just common sense (-:

MABLE

neverdespairgirl wrote: »

I'd be the first to say that the people "investing" with Inside Track were greedy and stupid. I entirely agree with you that they should take responsibility for their actions themselves, the idea of buying half a dozen (!!) flats in a city you've never even visited is just half-witted

I do note, however, that the founder made his first packet with pyramid perfume selling in the 1980s, and I don't think anything's changed in his operations, it's as bent as a 9 bob note.

Apparently some people take more care when buying a car.