tag:blogger.com,1999:blog-1141932539860553199.post8410431316620550155..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: "Executives who masterminded £1 trillion deception of young and vulnerable people jailed for land banking fraud"Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1141932539860553199.post-21516247819222257492012-12-12T22:43:41.504+00:002012-12-12T22:43:41.504+00:00surely it has been happening ever since builders n...surely it has been happening ever since builders nstarted offering "low-start" mortgages...and kids ignorant of compound interest signed up, with a parental guarantee...and wiped out their parents' savings. This has been happening since at least 1990.Graemehttps://www.blogger.com/profile/11007306140530173428noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-77226696734475427952012-12-12T18:06:22.441+00:002012-12-12T18:06:22.441+00:00What's the old saying? You can't con an ho...What's the old saying? You can't con an honest man?<br /><br />These "victims" were just greedy homeys who thought they were benefitting from inside information about land without planning permission that would soon flip. If you lose £300K investing in a scheme run by a couple of wideboys, where their claims could have been verified with an hour's work you probably never deserved it in the first place.<br /><br />Well worth reading No One Would Listen about Bernie Madoff - many of the fund managers who invested in him thought he was bent, but that he was operating front-running rather than doing a Ponzi scheme. If he'd been caught front-running, the worst thing is that they'd have got their investment back.Tim Almondhttps://www.blogger.com/profile/13369256383976094670noreply@blogger.com