Property investor fraudsters often persuade victims to hand over money after they have attended a free presentation on how to make money from property.
The scammers tell the victim that the money is to sign-up to a scheme to provide them with access to the company’s methods, opportunities to buy properties that are not yet built at a discount or the chance to participate in the company’s buy-to-let plan.
In reality, victims lose their joining fees and do not get a property.
If fraud has been committed, report it to Action Fraud.
See also:
Land banking scams
Goods sold as investment
Prime bank guarantee
