The FSA has gone viral, posting its first consumer guidance video on how to avoid falling victim to land banking schemes on YouTube.
The FSA estimates schemes where investors are conned into buying worthless plots of land cost consumers as much as £200m.
Here Jonathan Phelan, the FSA's head of unauthorised business and scams expert explains how land banking schemes work and how consumers can keep their if you are contacted by scammers.
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They really are bell-end's aren't they. This is clearly an organisation with stacks of other peoples money to spend. Who is going to want to watch this on Youtube? That's right - no one. Now if they made a video of Hector Sants falling into a giant vat of dog turd I suspect it would be a massive Youtube hit. But this - sadly no.
Posted by: Chippy Minton