Former land banking broker exposes 'scams'

Laura Miller
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A former broker has revealed the strategies used by land banking firms to sell strips of land to unwary investors.

The man worked for the Property Partnership, which sold virtually worthless plots across the UK, according to the BBC. Believed to be controlled by Kent businessman Scott Assemakis, it is now in liquidation. "Gareth", not his real name, worked Property Partnership for three months in 2007. "You are told if you just stick with the company for 12 months they guarantee you will be a millionaire," he told the BBC. He said brokers were given scripts to persuade people to part with their cash which were "pretty much 100% lies". "We were saying that to make 100% on top of your inves...

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