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Thursday, 10 March 2011

BBC Money Box on land banking scams

'Thousands of people are being persuaded to invest large sums of money in land which is almost worthless, the BBC has learned.

The Financial Services Authority (FSA) said it was investigating about 20 schemes, known as land-banking or land investments.'

Watch the video here of how one man was conned into 'investing' £100,000 in worthless fields. 

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