FIRST UK JAIL SENTENCES FOR LAND BANKING
December 1st, 2012
BY ROBERT STOKES
POLICE are celebrating Britain's first conviction and sentencing for land banking fraud. Two men were convicted on five counts of money laundering and sentenced December 6 to seven and six years by a London court. In a GBP 3 million scam over three years to late 2009, they conned 300-plus people into buying land supposedly in prime development areas, but really on farmland, hillsides, and in protected areas, with no hope of planning permission. For example, a site in Halifax actually had a 40-degree slope, dotted with Tree Preservation Orders ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.