Sunday, January 04, 2009

There's no such thing as easy money or a free lunch...

When Chris Redford saw an advertisement in a property magazine from a company called Fortuna Estates that held out the prospect of lucrative investments in land in southern Spain, he was hooked. 

It was 2004, and property prices across the world were rising. Redford, who was working in Dubai, did not want the hassle of managing a house or flat of his own and saw land as the ideal alternative. And so, over the course of the four years that followed, he transferred £250,000 into Fortuna’s bank account in Cyprus and waited for the profits to roll in. 

They never came.  More...

See also:

  1. Ripples of Madoff scandal spread everywhere...
  2. China: man executed for ant-breeding hoax...
  3. Dubai property developer increases services charges by 129%!!!

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